Cousins Properties Incorporated (NYSE:CUZ) Receives $25.43 Average Target Price from Analysts

Shares of Cousins Properties Incorporated (NYSE:CUZ) have earned a consensus rating of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $25.43.

A number of analysts have commented on the stock. Robert W. Baird lifted their target price on shares of Cousins Properties from $29.00 to $31.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Barclays increased their target price on Cousins Properties from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Finally, StockNews.com raised Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd.

Cousins Properties Stock Up 0.7 %

Shares of CUZ opened at $27.43 on Tuesday. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 55.97, a PEG ratio of 4.62 and a beta of 1.30. Cousins Properties has a 52 week low of $17.40 and a 52 week high of $27.97. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.03. The business’s fifty day moving average price is $24.70 and its two-hundred day moving average price is $23.66.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.61). The firm had revenue of $212.98 million for the quarter, compared to the consensus estimate of $208.18 million. Cousins Properties had a return on equity of 1.31% and a net margin of 7.25%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.75 earnings per share. On average, analysts predict that Cousins Properties will post 2.67 earnings per share for the current year.

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Wednesday, July 3rd were paid a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $1.28 annualized dividend and a yield of 4.67%. Cousins Properties’s dividend payout ratio is 261.22%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Creative Planning lifted its holdings in Cousins Properties by 7.9% during the 2nd quarter. Creative Planning now owns 21,528 shares of the real estate investment trust’s stock valued at $498,000 after purchasing an additional 1,575 shares during the last quarter. Algert Global LLC lifted its stake in shares of Cousins Properties by 4.7% during the 2nd quarter. Algert Global LLC now owns 242,686 shares of the real estate investment trust’s stock worth $5,618,000 after buying an additional 10,839 shares during the last quarter. Liberty Mutual Group Asset Management Inc. boosted its holdings in shares of Cousins Properties by 1.3% during the 2nd quarter. Liberty Mutual Group Asset Management Inc. now owns 68,848 shares of the real estate investment trust’s stock worth $1,594,000 after buying an additional 882 shares during the period. Lighthouse Investment Partners LLC grew its stake in Cousins Properties by 37.6% in the 2nd quarter. Lighthouse Investment Partners LLC now owns 585,000 shares of the real estate investment trust’s stock valued at $13,543,000 after buying an additional 160,000 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Cousins Properties by 10.6% in the 2nd quarter. Millennium Management LLC now owns 566,471 shares of the real estate investment trust’s stock valued at $13,114,000 after acquiring an additional 54,225 shares during the period. 94.38% of the stock is owned by institutional investors and hedge funds.

Cousins Properties Company Profile

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.