Evercore ISI Reaffirms In-Line Rating for Cousins Properties (NYSE:CUZ)

Evercore ISI reaffirmed their in-line rating on shares of Cousins Properties (NYSE:CUZ) in a report issued on Tuesday morning, MarketBeat reports. The firm currently has a $29.00 price target on the real estate investment trust’s stock.

A number of other research analysts also recently issued reports on CUZ. StockNews.com upgraded Cousins Properties from a sell rating to a hold rating in a report on Thursday, May 23rd. Barclays increased their price objective on Cousins Properties from $25.00 to $30.00 and gave the stock an overweight rating in a report on Tuesday, July 30th. Finally, Robert W. Baird boosted their price target on Cousins Properties from $29.00 to $31.00 and gave the stock an outperform rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $25.86.

Cousins Properties Stock Up 0.1 %

Shares of Cousins Properties stock opened at $27.32 on Tuesday. Cousins Properties has a 1 year low of $17.40 and a 1 year high of $27.97. The business has a 50-day moving average of $24.97 and a two-hundred day moving average of $23.74. The company has a market capitalization of $4.15 billion, a P/E ratio of 55.76, a price-to-earnings-growth ratio of 4.62 and a beta of 1.30. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.03 and a quick ratio of 1.03.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.61). The firm had revenue of $212.98 million for the quarter, compared to the consensus estimate of $208.18 million. Cousins Properties had a return on equity of 1.31% and a net margin of 7.25%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.75 earnings per share. As a group, equities analysts predict that Cousins Properties will post 2.67 EPS for the current year.

Cousins Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Wednesday, July 3rd were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.69%. Cousins Properties’s dividend payout ratio is currently 261.22%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CUZ. Norges Bank bought a new position in shares of Cousins Properties during the 4th quarter worth approximately $35,502,000. Principal Financial Group Inc. boosted its stake in shares of Cousins Properties by 13.0% during the 4th quarter. Principal Financial Group Inc. now owns 12,208,784 shares of the real estate investment trust’s stock worth $297,284,000 after acquiring an additional 1,407,164 shares during the period. Heitman Real Estate Securities LLC bought a new position in shares of Cousins Properties during the 4th quarter worth approximately $32,105,000. Balyasny Asset Management L.P. boosted its stake in shares of Cousins Properties by 49.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,781,184 shares of the real estate investment trust’s stock worth $67,722,000 after acquiring an additional 916,508 shares during the period. Finally, Jennison Associates LLC boosted its stake in shares of Cousins Properties by 75.6% during the 1st quarter. Jennison Associates LLC now owns 1,917,908 shares of the real estate investment trust’s stock worth $46,107,000 after acquiring an additional 825,547 shares during the period. 94.38% of the stock is currently owned by institutional investors.

Cousins Properties Company Profile

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.