Cousins Properties Incorporated (NYSE:CUZ) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Cousins Properties Incorporated (NYSE:CUZ) have received a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $32.20.

A number of research analysts have commented on the stock. Wolfe Research upgraded shares of Cousins Properties from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research note on Monday, April 7th. Wells Fargo & Company reduced their price objective on shares of Cousins Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, May 19th. Wall Street Zen upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th. Robert W. Baird reduced their price objective on shares of Cousins Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. Finally, Truist Financial reduced their price target on shares of Cousins Properties from $31.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, May 22nd.

Institutional Trading of Cousins Properties

A number of large investors have recently modified their holdings of the company. Arizona State Retirement System increased its holdings in shares of Cousins Properties by 0.8% in the 4th quarter. Arizona State Retirement System now owns 44,154 shares of the real estate investment trust’s stock worth $1,353,000 after acquiring an additional 366 shares during the period. Quarry LP increased its holdings in shares of Cousins Properties by 9.4% in the 4th quarter. Quarry LP now owns 4,351 shares of the real estate investment trust’s stock worth $133,000 after acquiring an additional 375 shares during the period. GF Fund Management CO. LTD. increased its holdings in shares of Cousins Properties by 14.8% in the 1st quarter. GF Fund Management CO. LTD. now owns 3,175 shares of the real estate investment trust’s stock worth $94,000 after acquiring an additional 410 shares during the period. Cetera Investment Advisers increased its holdings in shares of Cousins Properties by 2.7% in the 1st quarter. Cetera Investment Advisers now owns 16,377 shares of the real estate investment trust’s stock worth $483,000 after acquiring an additional 427 shares during the period. Finally, Signaturefd LLC increased its holdings in shares of Cousins Properties by 16.5% in the 1st quarter. Signaturefd LLC now owns 3,374 shares of the real estate investment trust’s stock worth $100,000 after acquiring an additional 477 shares during the period. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Price Performance

CUZ opened at $29.43 on Monday. The company has a fifty day simple moving average of $27.47 and a 200 day simple moving average of $29.24. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of 98.08, a PEG ratio of 2.98 and a beta of 1.32. Cousins Properties has a twelve month low of $22.16 and a twelve month high of $32.55. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. The business had revenue of $6.81 million during the quarter, compared to analyst estimates of $238.49 million. During the same period last year, the business earned $0.65 EPS. The business’s revenue was up 16.4% on a year-over-year basis. Equities research analysts expect that Cousins Properties will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd were issued a $0.32 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.35%. Cousins Properties’s dividend payout ratio (DPR) is presently 387.88%.

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.