Stifel Nicolaus set a $42.00 price objective on Cousins Properties (NYSE:CUZ) in a research note released on Friday morning, TipRanks reports. The firm currently has a buy rating on the real estate investment trust’s stock.
A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Cousins Properties from a hold rating to a sell rating and set a $39.00 price target for the company. in a report on Thursday, September 12th. Wells Fargo & Co raised Cousins Properties from a market perform rating to an outperform rating and boosted their price target for the company from $38.00 to $42.00 in a research note on Thursday, September 19th. Finally, ValuEngine cut Cousins Properties from a hold rating to a sell rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Cousins Properties has an average rating of Hold and an average target price of $33.50.
CUZ stock traded down $0.10 during midday trading on Friday, reaching $39.08. 810,300 shares of the company’s stock traded hands, compared to its average volume of 1,657,626. The company has a market capitalization of $5.76 billion, a P/E ratio of 15.51, a PEG ratio of 3.87 and a beta of 0.90. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.64 and a quick ratio of 0.72. Cousins Properties has a fifty-two week low of $30.12 and a fifty-two week high of $40.40. The business has a 50-day moving average price of $36.75 and a two-hundred day moving average price of $26.78.
Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.55). The company had revenue of $180.83 million during the quarter, compared to the consensus estimate of $174.03 million. Cousins Properties had a return on equity of 1.55% and a net margin of 9.50%. The firm’s quarterly revenue was up 56.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 EPS. As a group, research analysts forecast that Cousins Properties will post 2.97 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, October 3rd were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date was Wednesday, October 2nd. Cousins Properties’s dividend payout ratio is currently 46.03%.
A number of institutional investors have recently made changes to their positions in CUZ. Amundi Pioneer Asset Management Inc. boosted its stake in shares of Cousins Properties by 15.1% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 546,475 shares of the real estate investment trust’s stock worth $5,279,000 after acquiring an additional 71,807 shares during the period. Legacy Bridge LLC bought a new stake in Cousins Properties in the 2nd quarter valued at $36,000. NN Investment Partners Holdings N.V. boosted its stake in Cousins Properties by 452.3% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 127,153 shares of the real estate investment trust’s stock valued at $4,600,000 after purchasing an additional 104,132 shares during the period. Edge Wealth Management LLC bought a new stake in shares of Cousins Properties during the 2nd quarter valued at $26,000. Finally, Sound Income Strategies LLC bought a new stake in shares of Cousins Properties during the 2nd quarter valued at $41,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.
About Cousins Properties
Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets.
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