Cousins Properties (NYSE:CUZ) Given New $30.00 Price Target at Barclays

Cousins Properties (NYSE:CUZ) had its target price raised by Barclays from $25.00 to $30.00 in a research report report published on Tuesday, Benzinga reports. Barclays currently has an overweight rating on the real estate investment trust’s stock.

Separately, StockNews.com upgraded shares of Cousins Properties from a sell rating to a hold rating in a research report on Thursday, May 23rd. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $25.43.

Cousins Properties Stock Down 1.2 %

Shares of Cousins Properties stock opened at $27.19 on Tuesday. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 56.88, a PEG ratio of 4.62 and a beta of 1.30. Cousins Properties has a twelve month low of $17.40 and a twelve month high of $27.97. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The business’s 50 day simple moving average is $23.63 and its 200-day simple moving average is $23.32.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.61). Cousins Properties had a return on equity of 1.31% and a net margin of 7.25%. The company had revenue of $212.98 million during the quarter, compared to analyst estimates of $208.18 million. During the same period in the prior year, the business earned $2.75 earnings per share. Cousins Properties’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts forecast that Cousins Properties will post 2.67 earnings per share for the current year.

Cousins Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Wednesday, July 3rd were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend was Wednesday, July 3rd. Cousins Properties’s dividend payout ratio (DPR) is presently 261.22%.

Institutional Investors Weigh In On Cousins Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jupiter Asset Management Ltd. acquired a new position in shares of Cousins Properties during the 1st quarter valued at $846,000. Balyasny Asset Management L.P. boosted its stake in Cousins Properties by 49.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,781,184 shares of the real estate investment trust’s stock valued at $67,722,000 after buying an additional 916,508 shares in the last quarter. SG Americas Securities LLC grew its holdings in Cousins Properties by 554.8% during the first quarter. SG Americas Securities LLC now owns 185,283 shares of the real estate investment trust’s stock worth $4,454,000 after acquiring an additional 156,988 shares during the period. BNP Paribas Financial Markets raised its position in Cousins Properties by 124.6% in the first quarter. BNP Paribas Financial Markets now owns 246,382 shares of the real estate investment trust’s stock worth $5,923,000 after acquiring an additional 136,685 shares in the last quarter. Finally, Centersquare Investment Management LLC lifted its holdings in Cousins Properties by 8.9% in the 1st quarter. Centersquare Investment Management LLC now owns 4,898,757 shares of the real estate investment trust’s stock valued at $112,377,000 after acquiring an additional 399,468 shares during the last quarter. Institutional investors own 94.38% of the company’s stock.

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.