Brokerages Set Cousins Properties Incorporated (NYSE:CUZ) Target Price at $33.00

Shares of Cousins Properties Incorporated (NYSE:CUZGet Free Report) have earned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $33.00.

A number of research firms have issued reports on CUZ. Truist Financial upped their price target on shares of Cousins Properties from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Jefferies Financial Group raised shares of Cousins Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $33.00 to $36.00 in a research report on Thursday, January 2nd. StockNews.com lowered shares of Cousins Properties from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. KeyCorp raised shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective for the company in a research report on Tuesday, December 17th. Finally, Barclays cut their price objective on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd.

Get Our Latest Stock Analysis on Cousins Properties

Cousins Properties Stock Up 0.7 %

CUZ stock opened at $29.22 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74. Cousins Properties has a 52-week low of $21.58 and a 52-week high of $32.55. The company has a 50-day moving average of $30.18 and a two-hundred day moving average of $30.08. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of 97.38, a price-to-earnings-growth ratio of 2.98 and a beta of 1.28.

Cousins Properties (NYSE:CUZGet Free Report) last released its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.62. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. As a group, equities research analysts anticipate that Cousins Properties will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, January 3rd were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.38%. The ex-dividend date was Friday, January 3rd. Cousins Properties’s dividend payout ratio (DPR) is presently 426.67%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CUZ. Jones Financial Companies Lllp raised its position in Cousins Properties by 1,609.3% in the fourth quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 869 shares in the last quarter. UMB Bank n.a. raised its position in Cousins Properties by 67.4% in the fourth quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 395 shares in the last quarter. Larson Financial Group LLC raised its position in Cousins Properties by 49.7% in the third quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 438 shares in the last quarter. GF Fund Management CO. LTD. acquired a new position in Cousins Properties in the fourth quarter worth about $85,000. Finally, FIL Ltd raised its position in Cousins Properties by 24.6% in the fourth quarter. FIL Ltd now owns 3,262 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 643 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Company Profile

(Get Free Report

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.

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Analyst Recommendations for Cousins Properties (NYSE:CUZ)

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