Cousins Properties Incorporated (NYSE:CUZ) Receives $31.50 Average Target Price from Analysts

Shares of Cousins Properties Incorporated (NYSE:CUZ) have received an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $31.50.

CUZ has been the topic of a number of research reports. Evercore ISI upped their price objective on Cousins Properties from $29.00 to $30.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Barclays upped their price objective on Cousins Properties from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Robert W. Baird upped their price objective on Cousins Properties from $31.00 to $33.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Wells Fargo & Company upped their price objective on Cousins Properties from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, Truist Financial upped their price objective on Cousins Properties from $26.00 to $30.00 and gave the company a “buy” rating in a report on Friday, August 30th.

Insider Activity

In related news, CAO Jeffrey D. Symes sold 5,997 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $28.13, for a total transaction of $168,695.61. Following the completion of the sale, the chief accounting officer now directly owns 12,529 shares in the company, valued at $352,440.77. This represents a 32.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of Cousins Properties

Institutional investors and hedge funds have recently modified their holdings of the business. Larson Financial Group LLC lifted its position in shares of Cousins Properties by 49.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 438 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Cousins Properties by 130.8% during the 2nd quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 858 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Cousins Properties by 3,236.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,635 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 1,586 shares during the last quarter. Abich Financial Wealth Management LLC bought a new stake in shares of Cousins Properties during the 1st quarter worth $43,000. Finally, Signaturefd LLC lifted its position in shares of Cousins Properties by 30.8% during the 3rd quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 651 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors.

Cousins Properties Stock Up 0.6 %

CUZ stock opened at $31.94 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $4.86 billion, a PE ratio of 96.21, a PEG ratio of 4.25 and a beta of 1.29. Cousins Properties has a 1-year low of $19.48 and a 1-year high of $32.55. The business’s 50 day simple moving average is $30.50 and its 200 day simple moving average is $27.06.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.60). The business had revenue of $209.21 million for the quarter, compared to analyst estimates of $212.54 million. Cousins Properties had a return on equity of 1.14% and a net margin of 6.17%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 earnings per share. As a group, research analysts anticipate that Cousins Properties will post 2.68 EPS for the current year.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, October 3rd were given a dividend of $0.32 per share. The ex-dividend date was Thursday, October 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.01%. Cousins Properties’s payout ratio is 387.88%.

About Cousins Properties

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.