Analysts Set Cousins Properties Incorporated (NYSE:CUZ) Price Target at $30.91

Shares of Cousins Properties Incorporated (NYSE:CUZ) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $31.0909.

A number of equities research analysts have commented on the stock. Weiss Ratings upgraded shares of Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Wall Street Zen upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Mizuho increased their price objective on shares of Cousins Properties from $27.00 to $33.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 21st. Robert W. Baird raised their price objective on shares of Cousins Properties from $33.00 to $35.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Evercore restated an “outperform” rating and set a $34.00 target price on shares of Cousins Properties in a research note on Monday, July 6th.

Cousins Properties Price Performance

Shares of Cousins Properties stock opened at $29.72 on Friday. Cousins Properties has a one year low of $21.03 and a one year high of $32.95. The stock’s fifty day moving average is $30.22 and its 200 day moving average is $26.42. The stock has a market cap of $4.89 billion, a P/E ratio of 743.26, a P/E/G ratio of 1.96 and a beta of 1.18. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.01 and a current ratio of 1.01.

Cousins Properties (NYSE:CUZ) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.58). Cousins Properties had a net margin of 0.62% and a return on equity of 0.14%. The company had revenue of $268.53 million for the quarter, compared to analysts’ expectations of $263.55 million. During the same quarter last year, the firm posted $0.70 earnings per share. Cousins Properties’s revenue for the quarter was up 11.8% on a year-over-year basis. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. Sell-side analysts anticipate that Cousins Properties will post 2.97 earnings per share for the current year.

Cousins Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Monday, July 6th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.28 dividend on an annualized basis and a yield of 4.3%. Cousins Properties’s dividend payout ratio (DPR) is currently 3,200.00%.

Hedge Funds Weigh In On Cousins Properties

Several large investors have recently made changes to their positions in the business. Cullen Capital Management LLC bought a new stake in Cousins Properties during the 2nd quarter valued at approximately $519,000. C M Bidwell & Associates Ltd. bought a new position in Cousins Properties in the 2nd quarter worth approximately $83,000. Bank of New York Mellon Corp bought a new position in Cousins Properties in the 2nd quarter worth approximately $41,743,000. Elevation Wealth Partners LLC grew its holdings in Cousins Properties by 92.3% during the 2nd quarter. Elevation Wealth Partners LLC now owns 1,573 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 755 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Cousins Properties by 25.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,175 shares of the real estate investment trust’s stock valued at $95,000 after buying an additional 648 shares in 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 (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.