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

Shares of Cousins Properties Incorporated (NYSE:CUZ) 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.

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:CUZ) 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

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.