Cousins Properties Incorporated (NYSE:CUZ) Given Consensus Rating of “Hold” by Brokerages

Cousins Properties Incorporated (NYSE:CUZGet Rating) has been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $30.83.

CUZ has been the topic of several analyst reports. Truist Financial dropped their price objective on Cousins Properties to $28.00 in a report on Wednesday, November 16th. Mizuho dropped their price objective on Cousins Properties from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Wednesday, October 19th. StockNews.com initiated coverage on Cousins Properties in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Wells Fargo & Company upped their target price on Cousins Properties from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Tuesday, November 22nd. Finally, Evercore ISI started coverage on Cousins Properties in a research note on Monday, October 3rd. They set an “outperform” rating and a $29.00 price objective for the company.

Institutional Investors Weigh In On Cousins Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Cousins Properties by 1.5% during the third quarter. Vanguard Group Inc. now owns 21,940,185 shares of the real estate investment trust’s stock worth $512,303,000 after acquiring an additional 315,202 shares during the last quarter. BlackRock Inc. grew its stake in shares of Cousins Properties by 1.3% in the third quarter. BlackRock Inc. now owns 18,540,573 shares of the real estate investment trust’s stock valued at $432,924,000 after buying an additional 229,754 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Cousins Properties by 2.3% in the second quarter. Principal Financial Group Inc. now owns 12,077,172 shares of the real estate investment trust’s stock valued at $353,018,000 after buying an additional 276,416 shares in the last quarter. Cohen & Steers Inc. grew its stake in shares of Cousins Properties by 37.8% in the third quarter. Cohen & Steers Inc. now owns 9,296,813 shares of the real estate investment trust’s stock valued at $217,081,000 after buying an additional 2,548,134 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Cousins Properties by 14.1% in the first quarter. State Street Corp now owns 8,217,746 shares of the real estate investment trust’s stock valued at $331,093,000 after buying an additional 1,015,078 shares in the last quarter. Institutional investors and hedge funds own 95.94% of the company’s stock.

Cousins Properties Stock Performance

NYSE CUZ opened at $26.00 on Friday. The company has a market cap of $3.94 billion, a P/E ratio of 12.56, a P/E/G ratio of 2.62 and a beta of 1.07. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.71 and a current ratio of 0.71. The business’s 50 day moving average price is $24.00 and its 200-day moving average price is $27.90. Cousins Properties has a fifty-two week low of $21.72 and a fifty-two week high of $42.41.

Cousins Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Wednesday, October 5th were issued a $0.32 dividend. The ex-dividend date was Tuesday, October 4th. This represents a $1.28 annualized dividend and a dividend yield of 4.92%. Cousins Properties’s dividend payout ratio is presently 61.84%.

Cousins Properties Company Profile

(Get Rating)

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.

Recommended Stories

Analyst Recommendations for Cousins Properties (NYSE:CUZ)

Receive News & Ratings for Cousins Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cousins Properties and related companies with MarketBeat.com's FREE daily email newsletter.