Cousins Properties (NYSE:CUZ) Upgraded to “Overweight” at KeyCorp

KeyCorp upgraded shares of Cousins Properties (NYSE:CUZ) from a sector weight rating to an overweight rating in a report issued on Tuesday morning, MarketBeat Ratings reports. They currently have $34.00 target price on the real estate investment trust’s stock.

Other equities research analysts have also recently issued research reports about the stock. Evercore ISI upped their price target on shares of Cousins Properties from $29.00 to $30.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Robert W. Baird upped their target price on Cousins Properties from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Truist Financial lifted their price target on Cousins Properties from $26.00 to $30.00 and gave the company a “buy” rating in a report on Friday, August 30th. StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company raised their price objective on Cousins Properties from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Cousins Properties has an average rating of “Moderate Buy” and an average price target of $33.14.

Cousins Properties Trading Up 1.5 %

CUZ opened at $29.83 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.60. The stock’s fifty day moving average is $31.02 and its two-hundred day moving average is $27.89. The company has a market capitalization of $4.72 billion, a P/E ratio of 90.39, a PEG ratio of 4.02 and a beta of 1.29. Cousins Properties has a 52 week low of $21.58 and a 52 week high of $32.55.

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

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Friday, January 3rd will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.29%. Cousins Properties’s payout ratio is 387.88%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC boosted its holdings in Cousins Properties by 49.7% in the third quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 438 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Cousins Properties by 130.8% during the second quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 858 shares in the last quarter. Signaturefd LLC raised its position in shares of Cousins Properties by 30.8% in the 3rd quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 651 shares during the last quarter. Quarry LP boosted its stake in Cousins Properties by 74.5% in the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 1,697 shares in the last quarter. Finally, CWM LLC grew its position in Cousins Properties by 74.6% during the 3rd quarter. CWM LLC now owns 4,298 shares of the real estate investment trust’s stock worth $127,000 after purchasing an additional 1,836 shares during the last quarter. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

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.