Brokerages Set Cousins Properties Incorporated (NYSE:CUZ) Price Target at $32.20

Shares of Cousins Properties Incorporated (NYSE:CUZ) have received an average rating of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $32.20.

A number of brokerages have recently issued reports on CUZ. Wall Street Zen raised Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th. Truist Financial cut their price objective on Cousins Properties from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, May 22nd. Wells Fargo & Company decreased their target price on shares of Cousins Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday, May 19th. Wolfe Research raised shares of Cousins Properties from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research note on Monday, April 7th. Finally, Evercore ISI raised their price objective on shares of Cousins Properties from $30.00 to $31.00 and gave the company an “in-line” rating in a research note on Monday, May 19th.

Hedge Funds Weigh In On Cousins Properties

Several institutional investors and hedge funds have recently made changes to their positions in CUZ. Resolution Capital Ltd bought a new position in Cousins Properties in the 4th quarter worth about $135,094,000. GRS Advisors LLC acquired a new position in shares of Cousins Properties in the 4th quarter valued at $63,759,000. Norges Bank acquired a new stake in shares of Cousins Properties during the fourth quarter valued at approximately $57,194,000. Rush Island Management LP lifted its stake in Cousins Properties by 91.4% in the 4th quarter. Rush Island Management LP now owns 3,011,843 shares of the real estate investment trust’s stock worth $92,283,000 after acquiring an additional 1,438,127 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Cousins Properties by 11.1% in the fourth quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust’s stock worth $413,375,000 after purchasing an additional 1,350,352 shares in the last quarter. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

Cousins Properties Price Performance

Cousins Properties stock opened at $30.08 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74. The business has a 50 day simple moving average of $27.81 and a 200-day simple moving average of $29.22. Cousins Properties has a 12 month low of $22.16 and a 12 month high of $32.55. The stock has a market capitalization of $5.05 billion, a PE ratio of 100.27, a price-to-earnings-growth ratio of 2.98 and a beta of 1.32.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The company had revenue of $6.81 million during the quarter, compared to the consensus estimate of $238.49 million. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. Cousins Properties’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 EPS. Equities analysts predict 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 Tuesday, April 15th. Investors of record on Thursday, April 3rd were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.26%. Cousins Properties’s dividend payout ratio (DPR) is 387.88%.

About Cousins Properties

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.