Cousins Properties (NYSE:CUZ) Price Target Increased to $35.00 by Analysts at Barclays

Cousins Properties (NYSE:CUZ) had its price target hoisted by Barclays from $30.00 to $35.00 in a research note issued to investors on Thursday morning, Benzinga reports. Barclays currently has an overweight rating on the real estate investment trust’s stock.

CUZ has been the subject of several other reports. Evercore ISI raised their price target on shares of Cousins Properties from $29.00 to $30.00 and gave the company an in-line rating in a report on Monday, September 16th. Robert W. Baird boosted their price target on Cousins Properties from $29.00 to $31.00 and gave the company an outperform rating in a report on Wednesday, July 31st. Wells Fargo & Company boosted their price target on shares of Cousins Properties from $26.00 to $31.00 and gave the company an overweight rating in a research report on Wednesday, September 11th. Finally, Truist Financial increased their price objective on Cousins Properties from $26.00 to $30.00 and gave the stock a buy rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $29.00.

Cousins Properties Stock Performance

Shares of CUZ stock traded up $0.22 during trading on Thursday, hitting $29.56. The company’s stock had a trading volume of 75,252 shares, compared to its average volume of 1,318,332. The business has a fifty day moving average of $28.33 and a 200-day moving average of $25.14. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The company has a market cap of $4.50 billion, a PE ratio of 75.23, a P/E/G ratio of 4.41 and a beta of 1.30. Cousins Properties has a 52 week low of $17.40 and a 52 week high of $30.50.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.61). The business had revenue of $212.98 million for the quarter, compared to the consensus estimate of $208.18 million. Cousins Properties had a return on equity of 1.31% and a net margin of 7.25%. Cousins Properties’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.75 EPS. As a group, research analysts anticipate that Cousins Properties will post 2.67 earnings per share for the current year.

Cousins Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Thursday, October 3rd will be given a $0.32 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.28 annualized dividend and a yield of 4.33%. Cousins Properties’s dividend payout ratio (DPR) is presently 328.21%.

Insider Activity at Cousins Properties

In other Cousins Properties news, CAO Jeffrey D. Symes sold 5,997 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $28.13, for a total transaction of $168,695.61. Following the completion of the sale, the chief accounting officer now directly owns 12,529 shares in the company, valued at approximately $352,440.77. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cousins Properties

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC boosted its position 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 worth $127,000 after purchasing an additional 1,836 shares during the period. Handelsbanken Fonder AB lifted its position in Cousins Properties by 14.0% during the third quarter. Handelsbanken Fonder AB now owns 36,620 shares of the real estate investment trust’s stock valued at $1,080,000 after purchasing an additional 4,500 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Cousins Properties by 4.7% in the 3rd quarter. SG Americas Securities LLC now owns 159,830 shares of the real estate investment trust’s stock worth $4,712,000 after buying an additional 7,118 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Cousins Properties in the 2nd quarter worth $115,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Cousins Properties in the 2nd quarter worth about $530,000. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

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.