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

Shares of Cousins Properties Incorporated (NYSE:CUZ) have been given a consensus recommendation of “Moderate Buy” by the ten analysts that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $30.60.

CUZ has been the topic of several analyst reports. Jefferies Financial Group cut Cousins Properties from a “buy” rating to a “hold” rating and lowered their target price for the company from $34.00 to $27.00 in a research report on Monday, October 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Cousins Properties in a research note on Wednesday, October 8th. Truist Financial cut their price objective on shares of Cousins Properties from $30.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, December 1st. Cantor Fitzgerald set a $28.00 price objective on shares of Cousins Properties in a report on Monday, December 1st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Cousins Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research report on Tuesday, November 25th.

Hedge Funds Weigh In On Cousins Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CUZ. Invesco Ltd. increased its position in shares of Cousins Properties by 153.2% during the 3rd quarter. Invesco Ltd. now owns 3,170,386 shares of the real estate investment trust’s stock valued at $91,751,000 after purchasing an additional 1,918,393 shares during the period. Resolution Capital Ltd boosted its stake in Cousins Properties by 33.5% during 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 in the last quarter. Norges Bank acquired a new position in Cousins Properties during the second quarter worth about $41,351,000. Cbre Investment Management Listed Real Assets LLC raised its position in Cousins Properties by 454.9% in the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,627,864 shares of the real estate investment trust’s stock worth $48,885,000 after acquiring an additional 1,334,492 shares in the last quarter. Finally, Jennison Associates LLC raised its position in Cousins Properties by 51.5% in the second quarter. Jennison Associates LLC now owns 3,535,111 shares of the real estate investment trust’s stock worth $106,159,000 after acquiring an additional 1,200,952 shares in the last quarter. 94.38% of the stock is owned by institutional investors.

Cousins Properties Trading Up 0.3%

Shares of NYSE:CUZ opened at $25.65 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.70. The company’s 50-day moving average price is $25.62 and its 200 day moving average price is $27.58. The company has a market cap of $4.31 billion, a PE ratio of 73.29, a P/E/G ratio of 2.02 and a beta of 1.21. Cousins Properties has a fifty-two week low of $24.07 and a fifty-two week high of $31.36.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Thursday, October 30th. The real estate investment trust reported $0.69 EPS for the quarter, hitting the consensus estimate of $0.69. The firm had revenue of $248.33 million during the quarter, compared to analysts’ expectations of $239.70 million. Cousins Properties had a net margin of 5.98% and a return on equity of 1.20%. Cousins Properties’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 EPS. Cousins Properties has set its FY 2025 guidance at 2.820-2.860 EPS. Sell-side analysts anticipate that Cousins Properties will post 2.76 earnings per share for the current year.

Cousins Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Monday, January 5th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Monday, January 5th. Cousins Properties’s dividend payout ratio (DPR) is currently 365.71%.

Cousins Properties Company Profile

Cousins Properties Incorporated (NYSE: CUZ) is a publicly traded real estate investment trust (REIT) specializing in the development, acquisition and management of high-quality office and mixed-use properties. Headquartered in Atlanta, the company focuses on urban infill and suburban markets across the Sun Belt, with a strong presence in metropolitan areas such as Atlanta, Austin, Charlotte, Nashville, Orlando and Tampa. Its core activities encompass full-service property leasing, asset management and construction oversight, serving a diverse mix of corporate and institutional tenants.

Founded in 1958 as a privately held real estate concern, Cousins Properties completed its initial public offering in 1992.