Cousins Properties (NYSE:CUZ) Price Target Lowered to $28.00 at Barclays

Cousins Properties (NYSE:CUZ) had its price objective decreased by Barclays from $34.00 to $28.00 in a research report report published on Thursday morning,Benzinga reports. Barclays currently has an overweight rating on the real estate investment trust’s stock.

CUZ has been the subject of several other reports. Truist Financial reduced their price objective on Cousins Properties from $30.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, December 1st. Cantor Fitzgerald set a $28.00 price target on Cousins Properties in a research note on Monday, December 1st. Evercore reiterated an “outperform” rating on shares of Cousins Properties in a research report on Friday, February 6th. Robert W. Baird set a $33.00 price objective on shares of Cousins Properties in a research note on Wednesday. Finally, Mizuho set a $27.00 target price on shares of Cousins Properties in a research note on Tuesday. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $29.70.

Cousins Properties Stock Up 2.0%

CUZ stock opened at $23.96 on Thursday. The company has a market cap of $4.02 billion, a price-to-earnings ratio of 99.83, a price-to-earnings-growth ratio of 1.86 and a beta of 1.21. The company has a fifty day moving average price of $25.25 and a 200 day moving average price of $26.43. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.93 and a quick ratio of 0.93. Cousins Properties has a 12 month low of $21.03 and a 12 month high of $30.81.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Thursday, February 5th. The real estate investment trust reported $0.71 EPS for the quarter, meeting analysts’ consensus estimates of $0.71. Cousins Properties had a net margin of 4.08% and a return on equity of 0.85%. The company had revenue of $255.03 million for the quarter, compared to analyst estimates of $252.18 million. During the same period in the previous year, the business posted $0.69 earnings per share. Cousins Properties’s quarterly revenue was up 13.2% on a year-over-year basis. Cousins Properties has set its FY 2026 guidance at 2.870-2.970 EPS. Sell-side analysts expect that Cousins Properties will post 2.76 earnings per share for the current year.

Cousins Properties announced that its Board of Directors has approved a stock repurchase program on Tuesday, February 17th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to purchase up to 6.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Cousins Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, January 5th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 5.3%. The ex-dividend date was Monday, January 5th. Cousins Properties’s payout ratio is presently 533.33%.

Institutional Trading of Cousins Properties

A number of institutional investors have recently added to or reduced their stakes in the stock. Alyeska Investment Group L.P. grew its position in 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 worth $133,422,000 after buying an additional 3,909,740 shares during the period. Norges Bank acquired a new stake in shares of Cousins Properties in the 4th quarter worth approximately $53,063,000. Invesco Ltd. increased its stake in Cousins Properties by 153.2% in the 3rd quarter. Invesco Ltd. now owns 3,170,386 shares of the real estate investment trust’s stock valued at $91,751,000 after purchasing an additional 1,918,393 shares in the last quarter. Millennium Management LLC raised its holdings in 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 worth $39,763,000 after purchasing an additional 1,400,164 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC boosted its position in Cousins Properties by 454.9% during the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,627,864 shares of the real estate investment trust’s stock worth $48,885,000 after purchasing an additional 1,334,492 shares in the last quarter. 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.