Cousins Properties Incorporated (NYSE:CUZ) Receives $29.70 Consensus Price Target from Analysts

Cousins Properties Incorporated (NYSE:CUZ) has earned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $28.9167.

CUZ has been the subject of several analyst reports. Barclays decreased their target price on shares of Cousins Properties from $34.00 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Weiss Ratings cut shares of Cousins Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 23rd. JPMorgan Chase & Co. cut their price target on Cousins Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a report on Tuesday, November 25th. Mizuho set a $27.00 price objective on Cousins Properties in a report on Tuesday, February 24th. Finally, BMO Capital Markets cut their target price on Cousins Properties from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday, March 12th.

Institutional Investors Weigh In On Cousins Properties

Hedge funds and other institutional investors have recently made changes to their positions in the business. Alyeska Investment Group L.P. boosted its position in Cousins Properties by 308.9% in the fourth quarter. Alyeska Investment Group L.P. now owns 5,175,415 shares of the real estate investment trust’s stock valued at $133,422,000 after buying an additional 3,909,740 shares in the last quarter. Norges Bank acquired a new stake in Cousins Properties during the 4th quarter valued at $53,063,000. Invesco Ltd. raised its position 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 during the last quarter. Millennium Management LLC grew its holdings in Cousins Properties by 984.5% during the 4th quarter. Millennium Management LLC now owns 1,542,384 shares of the real estate investment trust’s stock worth $39,763,000 after acquiring an additional 1,400,164 shares during the period. Finally, Woodline Partners LP bought a new stake in shares of Cousins Properties during the 3rd quarter valued at $29,341,000. 94.38% of the stock is owned by institutional investors and hedge funds.

Cousins Properties Stock Up 3.2%

Shares of NYSE:CUZ opened at $23.26 on Wednesday. Cousins Properties has a 52-week low of $21.03 and a 52-week high of $30.81. The company has a market capitalization of $3.91 billion, a P/E ratio of 96.90, a P/E/G ratio of 1.78 and a beta of 1.21. The stock’s fifty day simple moving average is $24.58 and its 200-day simple moving average is $25.95. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.71.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Thursday, February 5th. The real estate investment trust reported $0.71 earnings per share for the quarter, meeting the consensus estimate of $0.71. Cousins Properties had a return on equity of 0.85% and a net margin of 4.08%.The company had revenue of $255.03 million during the quarter, compared to the consensus estimate of $252.18 million. During the same period in the previous year, the firm posted $0.69 EPS. Cousins Properties’s 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. As a group, equities research analysts forecast that Cousins Properties will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Monday, January 5th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 5.5%. The ex-dividend date was Monday, January 5th. Cousins Properties’s payout ratio is currently 533.33%.

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

Cousins Properties Company Profile

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.