Brokerages Set Cousins Properties Incorporated (NYSE:CUZ) Target Price at $29.82

Shares of Cousins Properties Incorporated (NYSE:CUZ) have been assigned an average rating of “Moderate Buy” from the nine analysts that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $29.8182.

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. Truist Financial increased their target price on Cousins Properties from $24.00 to $30.00 and gave the company a “hold” rating in a report on Friday, June 26th. Evercore reaffirmed an “outperform” rating and set a $34.00 price target on shares of Cousins Properties in a report on Monday, July 6th. Wall Street Zen raised Cousins Properties from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 12th. Finally, Wells Fargo & Company increased their price objective on Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, June 1st.

Hedge Funds Weigh In On Cousins Properties

Several hedge funds have recently added to or reduced their stakes in the stock. Alyeska Investment Group L.P. lifted its position in shares of Cousins Properties by 308.9% during the 4th quarter. Alyeska Investment Group L.P. now owns 5,175,415 shares of the real estate investment trust’s stock worth $133,422,000 after buying an additional 3,909,740 shares during the last quarter. Norges Bank purchased a new position in shares of Cousins Properties in the 4th quarter valued at $53,063,000. Invesco Ltd. grew its position in shares of Cousins Properties by 153.2% in 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 buying an additional 1,918,393 shares during the last quarter. Quantinno Capital Management LP raised its stake in Cousins Properties by 242.5% during the 1st quarter. Quantinno Capital Management LP now owns 2,644,535 shares of the real estate investment trust’s stock worth $59,687,000 after acquiring an additional 1,872,319 shares in the last quarter. Finally, Millennium Management LLC raised its stake in Cousins Properties by 984.5% during the 4th quarter. Millennium Management LLC now owns 1,542,384 shares of the real estate investment trust’s stock worth $39,763,000 after acquiring an additional 1,400,164 shares in the last quarter. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

Cousins Properties Stock Up 2.4%

CUZ stock opened at $32.08 on Tuesday. The company’s 50 day moving average price is $28.41 and its 200 day moving average price is $25.73. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.21 and a current ratio of 1.21. Cousins Properties has a fifty-two week low of $21.03 and a fifty-two week high of $32.14. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of -1,068.81, a PEG ratio of 2.30 and a beta of 1.19.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Wednesday, April 29th. The real estate investment trust reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.21). Cousins Properties had a negative net margin of 0.52% and a negative return on equity of 0.11%. The firm had revenue of $263.11 million during the quarter, compared to analyst estimates of $256.77 million. During the same period last year, the business earned $0.74 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. On average, equities research analysts anticipate that Cousins Properties will post 2.95 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Monday, July 6th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Monday, July 6th. Cousins Properties’s dividend payout ratio is -4,266.67%.

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.