Robert W. Baird Lowers Cousins Properties (NYSE:CUZ) Price Target to $33.00

Cousins Properties (NYSE:CUZ) had its price objective lowered by Robert W. Baird from $34.00 to $33.00 in a report published on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

A number of other research firms have also issued reports on CUZ. Wells Fargo & Company increased their price target on Cousins Properties from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. KeyCorp raised shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 target price on the stock in a report on Tuesday, December 17th. Mizuho upgraded shares of Cousins Properties from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $22.00 to $30.00 in a report on Tuesday, January 7th. Barclays reduced their price objective on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Finally, BMO Capital Markets downgraded shares of Cousins Properties from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $31.00 to $32.00 in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $33.00.

Cousins Properties Trading Down 0.2 %

Shares of CUZ stock opened at $29.96 on Monday. Cousins Properties has a fifty-two week low of $21.58 and a fifty-two week high of $32.55. The company has a 50 day moving average price of $30.24 and a 200 day moving average price of $29.99. The stock has a market capitalization of $5.02 billion, a P/E ratio of 99.87, a price-to-earnings-growth ratio of 2.98 and a beta of 1.29. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, topping the consensus estimate of $0.07 by $0.62. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. Equities research analysts predict that Cousins Properties will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, January 3rd were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.27%. Cousins Properties’s dividend payout ratio (DPR) is presently 426.67%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of Cousins Properties by 21.5% during the third quarter. JPMorgan Chase & Co. now owns 1,749,662 shares of the real estate investment trust’s stock worth $51,580,000 after acquiring an additional 309,571 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Cousins Properties by 368.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 781,947 shares of the real estate investment trust’s stock worth $23,052,000 after purchasing an additional 615,118 shares during the period. Jennison Associates LLC grew its position in Cousins Properties by 15.9% during the 3rd quarter. Jennison Associates LLC now owns 2,205,415 shares of the real estate investment trust’s stock worth $65,016,000 after purchasing an additional 302,309 shares during the last quarter. Geode Capital Management LLC increased its stake in Cousins Properties by 1.3% in the third quarter. Geode Capital Management LLC now owns 2,864,177 shares of the real estate investment trust’s stock valued at $84,457,000 after purchasing an additional 36,727 shares during the period. Finally, State Street Corp raised its holdings in shares of Cousins Properties by 0.6% in the third quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust’s stock valued at $224,251,000 after buying an additional 48,668 shares during the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

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.