Analysts Set Cousins Properties Incorporated (NYSE:CUZ) Target Price at $23.67

Cousins Properties Incorporated (NYSE:CUZ) has earned an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $23.67.

A number of brokerages have recently weighed in on CUZ. Truist Financial reduced their price target on shares of Cousins Properties from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, January 16th. StockNews.com downgraded Cousins Properties from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Barclays lowered their price target on Cousins Properties from $29.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, March 27th.

Insider Buying and Selling at Cousins Properties

In other news, CFO Gregg D. Adzema sold 71,097 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $23.31, for a total value of $1,657,271.07. Following the transaction, the chief financial officer now owns 85,872 shares of the company’s stock, valued at approximately $2,001,676.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Cousins Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CUZ. Principal Securities Inc. bought a new position in Cousins Properties during the 4th quarter worth approximately $31,000. PARK CIRCLE Co acquired a new position in shares of Cousins Properties in the 3rd quarter valued at $31,000. Cetera Trust Company N.A bought a new stake in shares of Cousins Properties in the 4th quarter valued at $156,000. Westend Capital Management LLC acquired a new stake in Cousins Properties during the 1st quarter worth $184,000. Finally, Van Lanschot Kempen Investment Management N.V. bought a new position in Cousins Properties during the third quarter worth about $173,000. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Stock Down 0.5 %

CUZ stock opened at $23.74 on Friday. The firm has a fifty day moving average price of $23.09 and a two-hundred day moving average price of $22.42. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.07 and a quick ratio of 1.07. Cousins Properties has a 1-year low of $17.40 and a 1-year high of $25.19. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 48.45, a PEG ratio of 5.06 and a beta of 1.27.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.54). Cousins Properties had a net margin of 9.15% and a return on equity of 1.62%. The firm had revenue of $209.20 million during the quarter, compared to analyst estimates of $199.35 million. During the same quarter in the previous year, the business posted $0.65 EPS. Cousins Properties’s revenue for the quarter was up 4.2% compared to the same quarter last year. Research analysts predict that Cousins Properties will post 2.63 EPS for the current year.

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, April 4th were paid a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 5.39%. Cousins Properties’s payout ratio is currently 261.22%.

Cousins Properties Company Profile

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.