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

Cousins Properties Incorporated (NYSE:CUZ) has received a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $29.8182.

Several research analysts have recently weighed in on CUZ shares. Evercore reaffirmed an “outperform” rating and set a $34.00 target price on shares of Cousins Properties in a research note on Monday, July 6th. Wells Fargo & Company lifted their price target on shares of Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Truist Financial upped their price objective on shares of Cousins Properties from $24.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Weiss Ratings raised shares of Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. Finally, Wall Street Zen raised shares of Cousins Properties from a “strong sell” rating to a “sell” rating in a report on Sunday, July 12th.

Institutional Investors Weigh In On Cousins Properties

Several institutional investors have recently bought and sold shares of the company. Elevation Wealth Partners LLC increased its stake in Cousins Properties by 92.3% during the 2nd quarter. Elevation Wealth Partners LLC now owns 1,573 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 755 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Cousins Properties by 25.6% in the second quarter. GAMMA Investing LLC now owns 3,175 shares of the real estate investment trust’s stock worth $95,000 after acquiring an additional 648 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of 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 acquiring an additional 436,396 shares during the last quarter. Amundi increased its position in shares of Cousins Properties by 6.5% during 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. Finally, EverSource Wealth Advisors LLC increased its position in shares of Cousins Properties by 23.3% during 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. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Cousins Properties Price Performance

NYSE:CUZ opened at $31.77 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.83. Cousins Properties has a 52 week low of $21.03 and a 52 week high of $32.35. The stock’s 50-day moving average price is $28.51 and its 200-day moving average price is $25.78. The stock has a market capitalization of $5.23 billion, a PE ratio of -1,058.48, a price-to-earnings-growth ratio of 2.33 and a beta of 1.19.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.21). The business had revenue of $263.11 million during the quarter, compared to analyst estimates of $256.77 million. Cousins Properties had a negative return on equity of 0.11% and a negative net margin of 0.52%.The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.74 EPS. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. As a group, equities analysts expect that Cousins Properties will post 2.95 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Monday, July 6th were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.28 dividend on an annualized basis and a yield of 4.0%. Cousins Properties’s dividend payout ratio (DPR) is currently -4,266.67%.

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.