Cousins Properties (NYSE:CUZ) Board Declares Share Repurchase Program

Cousins Properties (NYSE:CUZ) announced that its board has approved a stock buyback plan on Tuesday, February 17th, RTT News reports. The company plans to buyback $250.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire up to 6.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Truist Financial cut their target price on Cousins Properties from $30.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, December 1st. Wall Street Zen cut Cousins Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Barclays set a $34.00 price objective on Cousins Properties in a research report on Tuesday, January 13th. Mizuho set a $29.00 target price on shares of Cousins Properties and gave the stock an “outperform” rating in a research note on Friday, December 12th. Finally, Wells Fargo & Company dropped their price target on shares of Cousins Properties from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.50.

Cousins Properties Trading Up 3.4%

NYSE CUZ opened at $23.23 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 96.79, a PEG ratio of 1.77 and a beta of 1.21. The firm has a 50 day simple moving average of $25.46 and a 200-day simple moving average of $26.57. Cousins Properties has a one year low of $21.03 and a one year high of $30.81.

Cousins Properties (NYSE:CUZ) last released its earnings results on Thursday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.71. The company had revenue of $255.03 million for the quarter, compared to analyst estimates of $252.18 million. Cousins Properties had a net margin of 4.08% and a return on equity of 0.85%. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 EPS. Cousins Properties has set its FY 2026 guidance at 2.870-2.970 EPS. Equities research analysts anticipate 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 was paid on Wednesday, January 14th. Investors of record on Monday, January 5th were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, January 5th. This represents a $1.28 annualized dividend and a yield of 5.5%. Cousins Properties’s dividend payout ratio (DPR) is 533.33%.

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.