Analysts Set Cousins Properties Incorporated (NYSE:CUZ) PT at $33.00

Cousins Properties Incorporated (NYSE:CUZ) has been assigned an average rating of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $33.00.

CUZ has been the topic of a number of analyst reports. Truist Financial lifted their target price on shares of Cousins Properties from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Barclays cut their target price on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. BMO Capital Markets cut Cousins Properties from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $31.00 to $32.00 in a report on Tuesday, December 3rd. StockNews.com lowered shares of Cousins Properties from a “hold” rating to a “sell” rating in a report on Thursday, January 9th. Finally, Robert W. Baird lowered their target price on shares of Cousins Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, February 24th.

Institutional Trading of Cousins Properties

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in Cousins Properties by 21.5% during the third quarter. JPMorgan Chase & Co. now owns 1,749,662 shares of the real estate investment trust’s stock worth $51,580,000 after acquiring an additional 309,571 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Cousins Properties by 368.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 781,947 shares of the real estate investment trust’s stock worth $23,052,000 after purchasing an additional 615,118 shares during the period. Jennison Associates LLC grew its holdings in Cousins Properties by 15.9% during the 3rd quarter. Jennison Associates LLC now owns 2,205,415 shares of the real estate investment trust’s stock valued at $65,016,000 after purchasing an additional 302,309 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Cousins Properties by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,864,177 shares of the real estate investment trust’s stock valued at $84,457,000 after buying an additional 36,727 shares during the last quarter. Finally, State Street Corp increased its stake in Cousins Properties by 0.6% in the third quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust’s stock worth $224,251,000 after purchasing an additional 48,668 shares during the period. 94.38% of the stock is currently owned by institutional investors.

Cousins Properties Stock Down 0.9 %

CUZ opened at $30.05 on Friday. Cousins Properties has a 1-year low of $21.58 and a 1-year high of $32.55. The firm’s 50 day simple moving average is $30.25 and its two-hundred day simple moving average is $30.06. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $5.04 billion, a PE ratio of 100.17, a PEG ratio of 2.98 and a beta of 1.29.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. As a group, equities analysts forecast that Cousins Properties will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.28 annualized dividend and a yield of 4.26%. Cousins Properties’s dividend payout ratio (DPR) is currently 426.67%.

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.