Cousins Properties (NYSE:CUZ) Given New $33.00 Price Target at Mizuho

Cousins Properties (NYSE:CUZ) had its target price hoisted by Mizuho from $27.00 to $33.00 in a research note released on Tuesday morning, MarketBeat Ratings reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

A number of other research firms have also recently issued reports on CUZ. Wells Fargo & Company increased their price objective on shares of Cousins Properties from $28.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Weiss Ratings raised Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. Evercore reaffirmed an “outperform” rating and set a $34.00 price target on shares of Cousins Properties in a research note on Monday, July 6th. Wall Street Zen upgraded Cousins Properties from a “strong sell” rating to a “sell” rating in a report on Sunday, July 12th. Finally, Barclays increased their price target on Cousins Properties from $28.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cousins Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.91.

Cousins Properties Stock Performance

Shares of CUZ stock opened at $31.78 on Tuesday. The firm has a 50 day moving average of $28.72 and a 200-day moving average of $25.86. The company has a market cap of $5.23 billion, a price-to-earnings ratio of -1,059.01, a price-to-earnings-growth ratio of 2.32 and a beta of 1.19. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.83. Cousins Properties has a 52 week low of $21.03 and a 52 week high of $32.35.

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

Cousins Properties Announces Dividend

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

Institutional Trading of Cousins Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its holdings in shares of Cousins Properties by 128.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,232 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 692 shares in the last quarter. Avalon Trust Co purchased a new position in shares of Cousins Properties during the first quarter valued at approximately $39,000. Arax Advisory Partners bought a new stake in Cousins Properties during the fourth quarter worth $39,000. Clearstead Advisors LLC grew its holdings in Cousins Properties by 176.1% during the fourth quarter. Clearstead Advisors LLC now owns 1,803 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 1,150 shares in the last quarter. Finally, Elevation Wealth Partners LLC grew its holdings in Cousins Properties by 92.3% during the second quarter. Elevation Wealth Partners LLC now owns 1,573 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 755 shares in the last quarter. 94.38% of the stock is owned by institutional investors.

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.