Cousins Properties Incorporated (NYSE:CUZ) Receives $28.73 Average Price Target from Brokerages

Shares of Cousins Properties Incorporated (NYSE:CUZ) have been given an average recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $28.7273.

Several analysts have weighed in on CUZ shares. Wells Fargo & Company boosted their price target on shares of Cousins Properties from $28.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. BMO Capital Markets lowered their price target on shares of Cousins Properties from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, March 12th. Truist Financial decreased their price objective on shares of Cousins Properties from $28.00 to $24.00 and set a “hold” rating on the stock in a research report on Tuesday, March 17th. Wall Street Zen upgraded shares of Cousins Properties from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 13th. Finally, Weiss Ratings cut shares of Cousins Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 15th.

Hedge Funds Weigh In On Cousins Properties

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Alyeska Investment Group L.P. increased its stake in shares of Cousins Properties by 308.9% during the fourth quarter. Alyeska Investment Group L.P. now owns 5,175,415 shares of the real estate investment trust’s stock valued at $133,422,000 after purchasing an additional 3,909,740 shares in the last quarter. Norges Bank purchased a new stake in shares of Cousins Properties during the fourth quarter valued at approximately $53,063,000. Invesco Ltd. grew its holdings in shares of Cousins Properties by 153.2% during the third quarter. Invesco Ltd. now owns 3,170,386 shares of the real estate investment trust’s stock valued at $91,751,000 after buying an additional 1,918,393 shares during the last quarter. Quantinno Capital Management LP grew its holdings in shares of Cousins Properties by 242.5% during the first quarter. Quantinno Capital Management LP now owns 2,644,535 shares of the real estate investment trust’s stock valued at $59,687,000 after buying an additional 1,872,319 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Cousins Properties by 984.5% during the fourth quarter. Millennium Management LLC now owns 1,542,384 shares of the real estate investment trust’s stock valued at $39,763,000 after buying an additional 1,400,164 shares during the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Cousins Properties Stock Performance

NYSE CUZ opened at $29.18 on Friday. 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 company has a market capitalization of $4.80 billion, a P/E ratio of -972.18, a P/E/G ratio of 2.12 and a beta of 1.21. The company has a fifty day moving average of $26.73 and a 200-day moving average of $25.16. Cousins Properties has a 52-week low of $21.03 and a 52-week high of $30.57.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.21). The business had revenue of $263.11 million during the quarter, compared to the consensus estimate of $256.77 million. Cousins Properties had a negative return on equity of 0.11% and a negative net margin of 0.52%.The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 earnings per share. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. As a group, equities research analysts predict that Cousins Properties will post 2.94 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Monday, July 6th will be given a $0.32 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.4%. Cousins Properties’s payout ratio is presently -4,266.67%.

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.