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

Cousins Properties Incorporated (NYSE:CUZ) has been assigned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $30.60.

A number of brokerages have weighed in on CUZ. Truist Financial cut their target price on shares of Cousins Properties from $30.00 to $28.00 and set a “hold” rating on the stock in a research report on Monday, December 1st. Cantor Fitzgerald set a $28.00 price target on Cousins Properties in a research note on Monday, December 1st. Wall Street Zen downgraded Cousins Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Mizuho set a $29.00 price objective on Cousins Properties and gave the stock an “outperform” rating in a research report on Friday, December 12th. Finally, Jefferies Financial Group downgraded Cousins Properties from a “buy” rating to a “hold” rating and dropped their target price for the company from $34.00 to $27.00 in a research report on Monday, October 13th.

Cousins Properties Stock Performance

CUZ opened at $25.65 on Friday. The firm has a market cap of $4.31 billion, a P/E ratio of 73.29, a price-to-earnings-growth ratio of 2.02 and a beta of 1.21. Cousins Properties has a 52-week low of $24.07 and a 52-week high of $31.36. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.91 and a current ratio of 0.91. The business’s fifty day moving average is $25.62 and its 200-day moving average is $27.58.

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

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Monday, January 5th will be issued a $0.32 dividend. The ex-dividend date is Monday, January 5th. This represents a $1.28 annualized dividend and a yield of 5.0%. Cousins Properties’s payout ratio is presently 365.71%.

Institutional Investors Weigh In On Cousins Properties

Institutional investors and hedge funds have recently made changes to their positions in the business. Bell Investment Advisors Inc lifted its holdings in Cousins Properties by 2,539.5% during the third quarter. Bell Investment Advisors Inc now owns 1,003 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 965 shares during the period. SJS Investment Consulting Inc. purchased a new position in Cousins Properties during the 3rd quarter valued at about $48,000. Danske Bank A S bought a new stake in Cousins Properties during the 3rd quarter worth approximately $52,000. EverSource Wealth Advisors LLC increased its holdings in shares of Cousins Properties by 55.9% in the second quarter. EverSource Wealth Advisors LLC now owns 2,100 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 753 shares during the period. Finally, UMB Bank n.a. increased its stake in Cousins Properties by 74.8% in the 2nd quarter. UMB Bank n.a. now owns 2,341 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 1,002 shares during the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

About Cousins Properties

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.