Cousins Properties (NYSE:CUZ) Price Target Raised to $37.00 at JPMorgan Chase & Co.

Cousins Properties (NYSE:CUZ) had its price target boosted by JPMorgan Chase & Co. from $35.00 to $37.00 in a report published on Tuesday,Benzinga reports. The firm currently has an overweight rating on the real estate investment trust’s stock.

Other equities analysts have also issued research reports about the stock. Truist Financial cut their target price on shares of Cousins Properties from $31.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, August 26th. Wall Street Zen lowered shares of Cousins Properties from a “hold” rating to a “sell” rating in a research report on Saturday, September 6th. Evercore ISI increased their target price on shares of Cousins Properties from $31.00 to $32.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. Finally, Mizuho increased their price target on shares of Cousins Properties from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Cousins Properties presently has an average rating of “Moderate Buy” and an average price target of $32.91.

Cousins Properties Price Performance

Shares of NYSE:CUZ opened at $28.81 on Tuesday. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $4.84 billion, a PE ratio of 77.85, a P/E/G ratio of 2.63 and a beta of 1.39. Cousins Properties has a twelve month low of $24.07 and a twelve month high of $32.55. The company has a 50-day moving average price of $28.28 and a two-hundred day moving average price of $28.40.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.70. The firm had revenue of $237.72 million during the quarter, compared to analyst estimates of $243.73 million. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business earned $0.68 earnings per share. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. Equities analysts forecast that Cousins Properties will post 2.76 EPS for the current year.

Cousins Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, October 3rd will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, October 3rd. Cousins Properties’s dividend payout ratio (DPR) is currently 345.95%.

Insiders Place Their Bets

In related news, CAO Jeffrey D. Symes sold 4,612 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $29.30, for a total value of $135,131.60. Following the sale, the chief accounting officer directly owned 13,518 shares of the company’s stock, valued at $396,077.40. This trade represents a 25.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cousins Properties

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC raised its stake in Cousins Properties by 143.5% in the second quarter. Corient Private Wealth LLC now owns 23,838 shares of the real estate investment trust’s stock valued at $716,000 after purchasing an additional 14,047 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of Cousins Properties by 59.7% during the second quarter. Osaic Holdings Inc. now owns 15,554 shares of the real estate investment trust’s stock worth $467,000 after acquiring an additional 5,815 shares in the last quarter. Orion Porfolio Solutions LLC raised its stake in shares of Cousins Properties by 20.3% during the second quarter. Orion Porfolio Solutions LLC now owns 52,754 shares of the real estate investment trust’s stock worth $1,584,000 after acquiring an additional 8,920 shares in the last quarter. State of Wyoming raised its stake in shares of Cousins Properties by 224.2% during the second quarter. State of Wyoming now owns 17,657 shares of the real estate investment trust’s stock worth $530,000 after acquiring an additional 12,210 shares in the last quarter. Finally, Hudson Bay Capital Management LP raised its stake in shares of Cousins Properties by 40.7% during the second quarter. Hudson Bay Capital Management LP now owns 2,759,950 shares of the real estate investment trust’s stock worth $82,881,000 after acquiring an additional 797,822 shares in the last quarter. 94.38% of the stock is owned by hedge funds and other institutional investors.

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.