Cousins Properties Incorporated (NYSE:CUZ) Given Average Rating of “Moderate Buy” by Brokerages

Cousins Properties Incorporated (NYSE:CUZ) has earned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $32.50.

A number of analysts recently weighed in on CUZ shares. Mizuho raised their price target on shares of Cousins Properties from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Truist Financial decreased their price objective on Cousins Properties from $31.00 to $30.00 and set a “hold” rating on the stock in a research report on Tuesday, August 26th. Wall Street Zen downgraded Cousins Properties from a “hold” rating to a “sell” rating in a research report on Saturday, September 6th. Finally, Evercore ISI upped their price target on Cousins Properties from $31.00 to $32.00 and gave the company an “in-line” rating in a research note on Monday.

Insider Transactions at Cousins Properties

In other news, CAO Jeffrey D. Symes sold 4,612 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $29.30, for a total value of $135,131.60. Following the transaction, the chief accounting officer owned 13,518 shares of the company’s stock, valued at approximately $396,077.40. This trade represents a 25.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.47% of the company’s stock.

Institutional Investors Weigh In On Cousins Properties

Institutional investors have recently made changes to their positions in the stock. Resolution Capital Ltd lifted its stake in Cousins Properties by 33.5% in the first quarter. Resolution Capital Ltd now owns 5,886,133 shares of the real estate investment trust’s stock valued at $173,641,000 after buying an additional 1,477,044 shares during the period. Norges Bank acquired a new position in shares of Cousins Properties during the 2nd quarter worth about $41,351,000. Cbre Investment Management Listed Real Assets LLC increased its stake in shares of Cousins Properties by 454.9% in the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,627,864 shares of the real estate investment trust’s stock valued at $48,885,000 after acquiring an additional 1,334,492 shares during the last quarter. Jennison Associates LLC raised its position in shares of Cousins Properties by 51.5% in the 2nd quarter. Jennison Associates LLC now owns 3,535,111 shares of the real estate investment trust’s stock valued at $106,159,000 after acquiring an additional 1,200,952 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Cousins Properties by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 25,753,741 shares of the real estate investment trust’s stock worth $759,735,000 after acquiring an additional 951,637 shares during the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

Cousins Properties Stock Performance

Cousins Properties stock opened at $29.28 on Wednesday. The stock has a 50-day simple moving average of $28.25 and a 200 day simple moving average of $28.42. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 79.14, a P/E/G ratio of 2.65 and a beta of 1.39. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.72. Cousins Properties has a 12-month low of $24.07 and a 12-month high of $32.55.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.70 EPS for the quarter, hitting analysts’ consensus estimates of $0.70. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. The firm had revenue of $237.72 million for the quarter, compared to analyst estimates of $243.73 million. During the same quarter in the prior year, the firm earned $0.68 EPS. The company’s revenue was up 12.7% on a year-over-year basis. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. On average, research analysts anticipate that Cousins Properties will post 2.76 earnings per share for the current fiscal year.

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.