Cousins Properties Incorporated (NYSE:CUZ) Stock Has Average Target Price of $31.50 According to Analysts

Shares of Cousins Properties Incorporated (NYSE:CUZ) have earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $31.50.

Several brokerages recently commented on CUZ. Wall Street Zen upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Robert W. Baird boosted their target price on Cousins Properties from $33.00 to $35.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Cousins Properties in a research report on Tuesday, September 22nd. Evercore set a $33.00 target price on Cousins Properties in a research note on Monday, September 21st. Finally, Barclays increased their price target on Cousins Properties from $28.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st.

Insider Buying and Selling

In other Cousins Properties news, CAO Jeffrey Symes sold 6,033 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $29.44, for a total value of $177,611.52. Following the sale, the chief accounting officer owned 16,685 shares in the company, valued at $491,206.40. This trade represents a 26.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.81% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cousins Properties

Several large investors have recently added to or reduced their stakes in the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Cousins Properties during the first quarter valued at approximately $1,773,000. BROOKFIELD Corp ON purchased a new stake in Cousins Properties during the first quarter worth $5,552,000. Squarepoint Ops LLC lifted its holdings in Cousins Properties by 474.1% during the second quarter. Squarepoint Ops LLC now owns 292,324 shares of the real estate investment trust’s stock worth $8,764,000 after buying an additional 241,401 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Cousins Properties during the 2nd quarter valued at $7,084,000. Finally, Royal Bank of Canada boosted its position in Cousins Properties by 211.8% during the 1st quarter. Royal Bank of Canada now owns 98,028 shares of the real estate investment trust’s stock valued at $2,213,000 after acquiring an additional 66,585 shares in the last quarter. 94.38% of the stock is owned by hedge funds and other institutional investors.

Cousins Properties Stock Down 1.4%

NYSE CUZ opened at $28.45 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.83. The company has a fifty day moving average of $28.39 and a two-hundred day moving average of $26.95. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 711.50, a PEG ratio of 2.00 and a beta of 1.19. Cousins Properties has a 52 week low of $21.03 and a 52 week high of $32.95.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.58). The firm had revenue of $268.53 million for the quarter, compared to the consensus estimate of $263.55 million. Cousins Properties had a net margin of 0.62% and a return on equity of 0.14%. The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.70 EPS. On average, analysts predict that Cousins Properties will post 2.97 earnings per share for the current year.

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Monday, October 5th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Monday, October 5th. Cousins Properties’s dividend payout ratio is 3,200.00%.

Cousins Properties Company Profile

Cousins Properties Incorporated (NYSE: CUZ) is a self-administered and self-managed real estate investment trust that owns, develops, and manages primarily Class A office properties. The company focuses on high-quality buildings designed to serve businesses across a range of industries, with services that include property management, leasing, development, and asset operations.

Founded in 1958 by Thomas G. Cousins, the company has developed a longstanding presence in the commercial real estate industry.