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

Shares of Cousins Properties Incorporated (NYSE:CUZ) have earned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $29.70.

Several equities research analysts recently commented on CUZ shares. Barclays cut their target price on shares of Cousins Properties from $34.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Robert W. Baird set a $33.00 price target on shares of Cousins Properties in a research note on Wednesday, February 25th. Truist Financial cut their price target on shares of Cousins Properties from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, December 1st. JPMorgan Chase & Co. reduced their price objective on shares of Cousins Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 25th. Finally, Mizuho set a $27.00 price objective on Cousins Properties in a report on Tuesday, February 24th.

Hedge Funds Weigh In On Cousins Properties

A number of hedge funds have recently made changes to their positions in CUZ. Corient Private Wealth LLC boosted its holdings in Cousins Properties by 45.3% in the fourth quarter. Corient Private Wealth LLC now owns 17,771 shares of the real estate investment trust’s stock valued at $458,000 after acquiring an additional 5,542 shares during the last quarter. Hsbc Holdings PLC raised its holdings in Cousins Properties by 13.8% during the 4th quarter. Hsbc Holdings PLC now owns 795,843 shares of the real estate investment trust’s stock worth $20,520,000 after purchasing an additional 96,808 shares during the last quarter. Kera Capital Partners Inc. bought a new position in Cousins Properties during the 4th quarter worth approximately $209,000. Dean Capital Management lifted its position in shares of Cousins Properties by 104.3% in the 4th quarter. Dean Capital Management now owns 45,601 shares of the real estate investment trust’s stock worth $1,176,000 after purchasing an additional 23,285 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Cousins Properties by 4.1% in the 4th quarter. Invesco Ltd. now owns 3,301,552 shares of the real estate investment trust’s stock worth $85,114,000 after purchasing an additional 131,166 shares during the period. 94.38% of the stock is currently owned by institutional investors.

Cousins Properties Price Performance

Shares of CUZ opened at $23.20 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.71. The stock has a market cap of $3.90 billion, a PE ratio of 96.66, a PEG ratio of 1.82 and a beta of 1.21. Cousins Properties has a 12-month low of $21.03 and a 12-month high of $30.81. The business has a 50-day simple moving average of $24.89 and a two-hundred day simple moving average of $26.17.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Thursday, February 5th. The real estate investment trust reported $0.71 EPS for the quarter, meeting analysts’ consensus estimates of $0.71. Cousins Properties had a return on equity of 0.85% and a net margin of 4.08%.The firm had revenue of $255.03 million for the quarter, compared to analyst estimates of $252.18 million. During the same period last year, the firm posted $0.69 earnings per share. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. Cousins Properties has set its FY 2026 guidance at 2.870-2.970 EPS. Analysts anticipate that Cousins Properties will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, January 5th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Monday, January 5th. Cousins Properties’s payout ratio is 533.33%.

Cousins Properties announced that its board has approved a share repurchase plan on Tuesday, February 17th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to buy up to 6.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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.