Brokerages Set Cousins Properties Incorporated (NYSE:CUZ) Target Price at $32.91

Shares of Cousins Properties Incorporated (NYSE:CUZ) have been assigned a consensus rating of “Moderate Buy” from the twelve analysts that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $32.1818.

CUZ has been the topic of a number of research reports. Jefferies Financial Group lowered shares of Cousins Properties from a “buy” rating to a “hold” rating and reduced their target price for the stock from $34.00 to $27.00 in a research report on Monday. JPMorgan Chase & Co. boosted their target price on shares of Cousins Properties from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Tuesday, September 30th. Weiss Ratings restated a “hold (c)” rating on shares of Cousins Properties in a research report on Wednesday, October 8th. Mizuho upped their price objective on shares of Cousins Properties from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Finally, Truist Financial reduced their price target on shares of Cousins Properties from $31.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, August 26th.

Insiders Place Their Bets

In other Cousins Properties news, CAO Jeffrey D. Symes sold 4,612 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $29.30, for a total transaction of $135,131.60. Following the completion of the transaction, the chief accounting officer owned 13,518 shares of the company’s stock, valued at approximately $396,077.40. This trade represents a 25.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.47% of the stock is currently owned by company insiders.

Institutional Trading of Cousins Properties

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its position in Cousins Properties by 4,075.6% during the first quarter. GAMMA Investing LLC now owns 31,359 shares of the real estate investment trust’s stock valued at $925,000 after purchasing an additional 30,608 shares in the last quarter. Yousif Capital Management LLC boosted its stake in shares of Cousins Properties by 1.2% in the first quarter. Yousif Capital Management LLC now owns 57,490 shares of the real estate investment trust’s stock worth $1,696,000 after acquiring an additional 666 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Cousins Properties in the 1st quarter valued at $1,072,000. QRG Capital Management Inc. lifted its stake in shares of Cousins Properties by 7.9% in the 1st quarter. QRG Capital Management Inc. now owns 21,467 shares of the real estate investment trust’s stock valued at $633,000 after purchasing an additional 1,570 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in Cousins Properties by 5.4% in the 1st quarter. State of Alaska Department of Revenue now owns 101,213 shares of the real estate investment trust’s stock valued at $2,984,000 after purchasing an additional 5,213 shares in the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Cousins Properties Trading Up 0.6%

NYSE CUZ opened at $26.40 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.45 and a current ratio of 2.45. Cousins Properties has a twelve month low of $24.07 and a twelve month high of $32.55. The firm’s 50 day moving average price is $28.33 and its two-hundred day moving average price is $28.26. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of 71.34, a PEG ratio of 2.37 and a beta of 1.39.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.70. The business had revenue of $237.72 million during the quarter, compared to analyst estimates of $243.73 million. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. Cousins Properties’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 EPS. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. Equities analysts anticipate that Cousins Properties will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, October 3rd will be issued a $0.32 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.8%. Cousins Properties’s dividend payout ratio (DPR) is currently 345.95%.

About Cousins Properties

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.