Cousins Properties Incorporated (NYSE:CUZ) Receives $31.09 Average PT from Brokerages

Shares of Cousins Properties Incorporated (NYSE:CUZ) have earned a consensus rating of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $31.0909.

CUZ has been the subject of several research analyst reports. Wells Fargo & Company lifted their target price on shares of Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Mizuho increased their price target on shares of Cousins Properties from $27.00 to $33.00 and gave the stock an “outperform” rating in a report on Tuesday, July 21st. Barclays raised their price objective on shares of Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Truist Financial lifted their price objective on shares of Cousins Properties from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Finally, Wall Street Zen upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st.

Insider Activity

In other news, CAO Jeffrey Symes sold 6,033 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $29.44, for a total value of $177,611.52. Following the completion of the transaction, the chief accounting officer directly owned 16,685 shares in the company, valued at approximately $491,206.40. This represents a 26.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.81% of the company’s stock.

Hedge Funds Weigh In On Cousins Properties

A number of large investors have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its stake in Cousins Properties by 128.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,232 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 692 shares in the last quarter. Avalon Trust Co purchased a new position in shares of Cousins Properties during the first quarter worth approximately $39,000. Arax Advisory Partners purchased a new position in shares of Cousins Properties during the fourth quarter worth approximately $39,000. Clearstead Advisors LLC lifted its holdings in shares of Cousins Properties by 176.1% in the 4th quarter. Clearstead Advisors LLC now owns 1,803 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,150 shares during the last quarter. Finally, Elevation Wealth Partners LLC lifted its holdings in shares of Cousins Properties by 92.3% in the 2nd quarter. Elevation Wealth Partners LLC now owns 1,573 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 755 shares during the last quarter. 94.38% of the stock is owned by hedge funds and other institutional investors.

Cousins Properties Stock Performance

NYSE:CUZ opened at $29.15 on Wednesday. The stock has a market cap of $4.80 billion, a P/E ratio of 728.93, a PEG ratio of 1.91 and a beta of 1.17. 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 business’s 50-day moving average price is $30.40 and its two-hundred day moving average price is $26.93. Cousins Properties has a twelve month low of $21.03 and a twelve month high of $32.95.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.58). The business had revenue of $268.53 million for the quarter, compared to analysts’ expectations of $263.55 million. Cousins Properties had a return on equity of 0.14% and a net margin of 0.62%.The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.70 EPS. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. As a group, equities analysts predict that Cousins Properties will post 2.97 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Monday, July 6th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.28 annualized dividend and a yield of 4.4%. Cousins Properties’s payout ratio is 3,200.00%.

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.