Cousins Properties Incorporated (NYSE:CUZ) Receives $30.60 Average PT from Analysts

Shares of Cousins Properties Incorporated (NYSE:CUZ) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $30.60.

A number of analysts have weighed in on CUZ shares. Truist Financial dropped their target price on shares of Cousins Properties from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, December 1st. Wall Street Zen lowered shares of Cousins Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Wells Fargo & Company decreased their target price on Cousins Properties from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. JPMorgan Chase & Co. dropped their price target on Cousins Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 25th. Finally, Jefferies Financial Group downgraded Cousins Properties from a “buy” rating to a “hold” rating and cut their price target for the stock from $34.00 to $27.00 in a report on Monday, October 13th.

Hedge Funds Weigh In On Cousins Properties

Several institutional investors have recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in Cousins Properties in the 1st quarter valued at about $267,000. Jump Financial LLC acquired a new stake in shares of Cousins Properties in the first quarter valued at approximately $396,000. Landscape Capital Management L.L.C. raised its holdings in shares of Cousins Properties by 63.4% during the first quarter. Landscape Capital Management L.L.C. now owns 31,904 shares of the real estate investment trust’s stock valued at $941,000 after buying an additional 12,379 shares during the last quarter. State of Wyoming bought a new stake in shares of Cousins Properties during the first quarter valued at approximately $161,000. Finally, Evergreen Capital Management LLC boosted its position in shares of Cousins Properties by 42.1% during the first quarter. Evergreen Capital Management LLC now owns 10,714 shares of the real estate investment trust’s stock worth $316,000 after buying an additional 3,172 shares during the period. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Stock Down 1.0%

NYSE:CUZ opened at $25.78 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 73.66, a price-to-earnings-growth ratio of 2.03 and a beta of 1.21. Cousins Properties has a one year low of $24.07 and a one year high of $31.36. The stock has a 50-day simple moving average of $25.55 and a 200 day simple moving average of $27.43.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.69. Cousins Properties had a return on equity of 1.20% and a net margin of 5.98%.The firm had revenue of $248.33 million for the quarter, compared to analysts’ expectations of $239.70 million. During the same quarter in the prior year, the firm posted $0.67 earnings per share. Cousins Properties’s revenue for the quarter was up 18.7% compared to the same quarter last year. Cousins Properties has set its FY 2025 guidance at 2.820-2.860 EPS. Sell-side analysts predict that Cousins Properties will post 2.76 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Monday, January 5th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Monday, January 5th. Cousins Properties’s dividend payout ratio (DPR) is presently 365.71%.

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.