Cousins Properties Incorporated (NYSE:CUZ) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Cousins Properties Incorporated (NYSE:CUZ) have earned an average recommendation of “Moderate Buy” from 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 given a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $28.3636.

Several equities analysts have weighed in on the stock. Robert W. Baird set a $33.00 price objective on shares of Cousins Properties in a research report on Wednesday, February 25th. Barclays lowered their price target on shares of Cousins Properties from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. BMO Capital Markets lowered their price target on shares of Cousins Properties from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Thursday, March 12th. Wall Street Zen cut shares of Cousins Properties from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Finally, Capital One Financial set a $27.00 price target on shares of Cousins Properties in a report on Thursday, March 12th.

Cousins Properties Trading Up 0.2%

NYSE CUZ opened at $26.85 on Monday. Cousins Properties has a twelve month low of $21.03 and a twelve month high of $30.81. 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 stock has a market cap of $4.42 billion, a price-to-earnings ratio of -894.77, a PEG ratio of 1.98 and a beta of 1.21. The firm’s 50 day moving average price is $24.47 and its two-hundred day moving average price is $24.79.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data 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). Cousins Properties had a negative return on equity of 0.11% and a negative net margin of 0.52%.The firm had revenue of $263.11 million for the quarter, compared to analysts’ expectations of $256.77 million. During the same quarter in the previous year, the firm posted $0.74 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. Equities analysts anticipate that Cousins Properties will post 2.93 EPS for the current year.

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, April 7th were issued a $0.32 dividend. The ex-dividend date was Tuesday, April 7th. This represents a $1.28 dividend on an annualized basis and a yield of 4.8%. Cousins Properties’s dividend payout ratio is currently -4,266.67%.

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

Institutional Investors Weigh In On Cousins Properties

A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its holdings in Cousins Properties by 63.5% in the first quarter. Bank of America Corp DE now owns 1,124,141 shares of the real estate investment trust’s stock worth $25,372,000 after purchasing an additional 436,396 shares in the last quarter. Amundi boosted its holdings in Cousins Properties by 6.5% in the first quarter. Amundi now owns 96,454 shares of the real estate investment trust’s stock worth $2,177,000 after purchasing an additional 5,866 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Cousins Properties by 23.3% in the first quarter. EverSource Wealth Advisors LLC now owns 3,248 shares of the real estate investment trust’s stock worth $73,000 after purchasing an additional 614 shares in the last quarter. California State Teachers Retirement System boosted its holdings in Cousins Properties by 27.8% in the first quarter. California State Teachers Retirement System now owns 202,530 shares of the real estate investment trust’s stock worth $4,571,000 after purchasing an additional 44,102 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Cousins Properties by 211.8% in the first quarter. Royal Bank of Canada now owns 98,028 shares of the real estate investment trust’s stock worth $2,213,000 after purchasing an additional 66,585 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors.

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.