Analysts Set Cousins Properties Incorporated (NYSE:CUZ) Target Price at $31.64

Cousins Properties Incorporated (NYSE:CUZ) has earned a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $31.0909.

Several research firms have recently weighed in on CUZ. JPMorgan Chase & Co. cut their target price on Cousins Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Cousins Properties in a research note on Wednesday, October 8th. Wall Street Zen lowered Cousins Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Truist Financial reduced their price target on Cousins Properties from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Monday. Finally, Wells Fargo & Company decreased their price target on Cousins Properties from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, November 10th.

Insiders Place Their Bets

In other Cousins Properties news, CAO Jeffrey D. Symes sold 4,612 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $29.30, for a total value of $135,131.60. Following the completion of the sale, the chief accounting officer directly owned 13,518 shares of the company’s stock, valued at $396,077.40. The trade was a 25.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.47% of the stock is owned by insiders.

Hedge Funds Weigh In On Cousins Properties

Hedge funds and other institutional investors have recently modified their holdings of the business. Swiss Life Asset Management Ltd raised its stake in Cousins Properties by 3.4% in the third quarter. Swiss Life Asset Management Ltd now owns 91,524 shares of the real estate investment trust’s stock worth $2,649,000 after buying an additional 3,036 shares in the last quarter. Cambria Investment Management L.P. increased its holdings in shares of Cousins Properties by 15.6% in the 3rd quarter. Cambria Investment Management L.P. now owns 19,490 shares of the real estate investment trust’s stock valued at $564,000 after acquiring an additional 2,630 shares during the period. CIBC Bancorp USA Inc. bought a new position in shares of Cousins Properties in the 3rd quarter worth $1,278,000. Bell Investment Advisors Inc raised its position in shares of Cousins Properties by 2,539.5% in the 3rd quarter. Bell Investment Advisors Inc now owns 1,003 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 965 shares in the last quarter. Finally, Danske Bank A S purchased a new stake in shares of Cousins Properties during the 3rd quarter worth $52,000. 94.38% of the stock is currently owned by institutional investors.

Cousins Properties Stock Up 0.1%

Shares of NYSE CUZ opened at $25.60 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.70. Cousins Properties has a 12-month low of $24.07 and a 12-month high of $31.66. The firm’s 50-day moving average price is $26.46 and its 200-day moving average price is $27.89. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 73.14, a P/E/G ratio of 2.03 and a beta of 1.21.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.69 earnings per share for the quarter, hitting the consensus estimate of $0.69. Cousins Properties had a return on equity of 1.20% and a net margin of 5.98%.The company had revenue of $248.33 million for the quarter, compared to analysts’ expectations of $239.70 million. During the same period in the previous year, the firm posted $0.67 earnings per share. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. Cousins Properties has set its FY 2025 guidance at 2.820-2.860 EPS. On average, equities research analysts anticipate that Cousins Properties will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Friday, October 3rd were issued a $0.32 dividend. The ex-dividend date was Friday, October 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.0%. Cousins Properties’s dividend payout ratio is presently 365.71%.

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.