Cousins Properties (NYSE:CUZ) Price Target Raised to $33.00

Cousins Properties (NYSE:CUZ) had its price objective increased by Mizuho from $27.00 to $33.00 in a report published on Tuesday morning, Marketbeat Ratings reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other equities research analysts have also issued reports on CUZ. Truist Financial raised their price target on shares of Cousins Properties from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Evercore reaffirmed an “outperform” rating and set a $34.00 price objective on shares of Cousins Properties in a research note on Monday, July 6th. Barclays increased their target price on shares of Cousins Properties from $28.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday. Wall Street Zen raised Cousins Properties from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 12th. Finally, Weiss Ratings upgraded Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $30.91.

Cousins Properties Stock Performance

Shares of CUZ stock opened at $31.50 on Tuesday. The company has a market capitalization of $5.18 billion, a P/E ratio of -1,049.82, a PEG ratio of 2.29 and a beta of 1.19. Cousins Properties has a fifty-two week low of $21.03 and a fifty-two week high of $32.35. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a 50 day moving average price of $28.92 and a two-hundred day moving average price of $25.93.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Wednesday, April 29th. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.21). Cousins Properties had a negative return on equity of 0.11% and a negative net margin of 0.52%.The firm had revenue of $263.11 million during the quarter, compared to the consensus estimate of $256.77 million. During the same quarter in the prior year, the business posted $0.74 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. Analysts expect that Cousins Properties will post 2.95 earnings per share for the current year.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Monday, July 6th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, July 6th. Cousins Properties’s dividend payout ratio (DPR) is currently -4,266.67%.

Hedge Funds Weigh In On Cousins Properties

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership purchased a new stake in Cousins Properties in the second quarter worth about $902,000. EverSource Wealth Advisors LLC grew its holdings in shares of Cousins Properties by 55.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,100 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 753 shares during the period. Marshall Wace LLP bought a new stake in shares of Cousins Properties during the second quarter valued at approximately $3,723,000. Federated Hermes Inc. grew its stake in Cousins Properties by 40.8% in the second quarter. Federated Hermes Inc. now owns 110,926 shares of the real estate investment trust’s stock worth $3,331,000 after purchasing an additional 32,162 shares during the period. Finally, California Public Employees Retirement System grew its stake in Cousins Properties by 8.6% in the second quarter. California Public Employees Retirement System now owns 286,452 shares of the real estate investment trust’s stock worth $8,602,000 after purchasing an additional 22,741 shares during the period. Hedge funds and other institutional investors own 94.38% of the company’s stock.

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.