Cousins Properties Incorporated (NYSE:CUZ) Receives $30.50 Consensus Target Price from Brokerages

Shares of Cousins Properties Incorporated (NYSE:CUZ) have received a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $30.50.

A number of research firms have recently commented on CUZ. Wells Fargo & Company reduced their price objective on shares of Cousins Properties from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cousins Properties in a research report on Wednesday, January 21st. Barclays set a $34.00 price objective on Cousins Properties in a research report on Tuesday, January 13th. Truist Financial cut their target price on Cousins Properties from $30.00 to $28.00 and set a “hold” rating on the stock in a research report on Monday, December 1st. Finally, JPMorgan Chase & Co. decreased their target price on Cousins Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research note on Tuesday, November 25th.

Cousins Properties Trading Up 2.6%

Shares of CUZ stock opened at $23.86 on Friday. Cousins Properties has a 1-year low of $21.03 and a 1-year high of $30.81. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.71. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 99.43, a PEG ratio of 1.84 and a beta of 1.21. The stock has a 50-day moving average of $25.43 and a 200-day moving average of $26.56.

Cousins Properties (NYSE:CUZ) last announced its earnings results on Thursday, February 5th. The real estate investment trust reported $0.71 EPS for the quarter, meeting the consensus estimate of $0.71. The business had revenue of $255.03 million for the quarter, compared to analysts’ expectations of $252.18 million. Cousins Properties had a return on equity of 0.85% and a net margin of 4.08%.The firm’s revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 earnings per share. Cousins Properties has set its FY 2026 guidance at 2.870-2.970 EPS. On average, equities research analysts forecast that Cousins Properties will post 2.76 earnings per share for the current year.

Cousins Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, January 5th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Monday, January 5th. Cousins Properties’s dividend payout ratio is presently 533.33%.

Cousins Properties announced that its Board of Directors has approved a stock repurchase program on Tuesday, February 17th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the real estate investment trust to buy up to 6.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CUZ. US Bancorp DE increased its stake in Cousins Properties by 21.3% in the second quarter. US Bancorp DE now owns 26,144 shares of the real estate investment trust’s stock valued at $785,000 after purchasing an additional 4,593 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in Cousins Properties in the 2nd quarter valued at about $620,000. Bayforest Capital Ltd bought a new stake in Cousins Properties in the 2nd quarter valued at about $171,000. Allianz Asset Management GmbH raised its stake in Cousins Properties by 64.9% during the 2nd quarter. Allianz Asset Management GmbH now owns 161,957 shares of the real estate investment trust’s stock worth $4,864,000 after buying an additional 63,743 shares during the period. Finally, Mutual of America Capital Management LLC boosted its holdings in Cousins Properties by 1.6% in the second quarter. Mutual of America Capital Management LLC now owns 243,552 shares of the real estate investment trust’s stock worth $7,314,000 after acquiring an additional 3,745 shares in the last quarter. 94.38% of the stock is owned by institutional investors.

About Cousins Properties

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.