Cousins Properties (NYSE:CUZ) Price Target Raised to $33.00

Cousins Properties (NYSE:CUZ) had its price target upped by Truist Financial from $30.00 to $33.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the real estate investment trust’s stock.

Several other equities analysts have also commented on the stock. KeyCorp upgraded shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price target for the company in a research report on Tuesday. Robert W. Baird raised their target price on Cousins Properties from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Barclays raised their price target on Cousins Properties from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company upped their price objective on shares of Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $33.14.

Cousins Properties Stock Performance

Shares of CUZ stock opened at $30.24 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 91.64, a PEG ratio of 4.02 and a beta of 1.29. Cousins Properties has a one year low of $21.58 and a one year high of $32.55. The company’s 50-day simple moving average is $31.03 and its 200-day simple moving average is $27.94.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.60). Cousins Properties had a return on equity of 1.14% and a net margin of 6.17%. The business had revenue of $209.21 million during the quarter, compared to analyst estimates of $212.54 million. During the same period in the prior year, the firm earned $0.65 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts anticipate that Cousins Properties will post 2.68 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Friday, January 3rd will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend is Friday, January 3rd. Cousins Properties’s dividend payout ratio is presently 387.88%.

Institutional Investors Weigh In On Cousins Properties

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC boosted its position in shares of Cousins Properties by 49.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 438 shares during the period. Blue Trust Inc. boosted its stake in Cousins Properties by 130.8% in the 2nd quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 858 shares during the period. Signaturefd LLC grew its position in Cousins Properties by 30.8% during the 3rd quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 651 shares in the last quarter. Quarry LP raised its stake in Cousins Properties by 74.5% during the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 1,697 shares during the period. Finally, CWM LLC lifted its holdings in shares of Cousins Properties by 74.6% in the third quarter. CWM LLC now owns 4,298 shares of the real estate investment trust’s stock valued at $127,000 after purchasing an additional 1,836 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

About Cousins Properties

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.