Cousins Properties (NYSE:CUZ) Stock Price Expected to Rise, Evercore ISI Analyst Says

Cousins Properties (NYSE:CUZ) had its target price raised by Evercore ISI from $30.00 to $31.00 in a research report report published on Monday,Benzinga reports. Evercore ISI currently has an in-line rating on the real estate investment trust’s stock.

A number of other analysts have also recently weighed in on the stock. Jefferies Financial Group initiated coverage on shares of Cousins Properties in a report on Monday, March 17th. They set a “buy” rating and a $35.00 price objective on the stock. StockNews.com raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Thursday, May 8th. Robert W. Baird cut their price objective 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. Wolfe Research raised shares of Cousins Properties from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a report on Monday, April 7th. Finally, Barclays cut their price objective on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Cousins Properties currently has a consensus rating of “Moderate Buy” and an average price target of $32.60.

Cousins Properties Stock Down 2.2%

Shares of NYSE:CUZ opened at $28.02 on Monday. The firm’s 50 day moving average price is $27.92 and its 200 day moving average price is $29.56. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 93.40, a price-to-earnings-growth ratio of 2.98 and a beta of 1.34. Cousins Properties has a fifty-two week low of $22.01 and a fifty-two week high of $32.55. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. The firm had revenue of $6.81 million for the quarter, compared to analysts’ expectations of $238.49 million. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. The firm’s revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 earnings per share. As a group, equities research analysts predict that Cousins Properties will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date was Thursday, April 3rd. Cousins Properties’s dividend payout ratio is currently 387.88%.

Institutional Trading of Cousins Properties

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Cousins Properties by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 25,753,741 shares of the real estate investment trust’s stock worth $759,735,000 after purchasing an additional 951,637 shares during the period. Principal Financial Group Inc. boosted its stake in Cousins Properties by 11.1% during the 4th quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust’s stock worth $413,375,000 after purchasing an additional 1,350,352 shares during the period. APG Asset Management US Inc. boosted its stake in Cousins Properties by 0.3% during the 4th quarter. APG Asset Management US Inc. now owns 7,853,306 shares of the real estate investment trust’s stock worth $240,625,000 after purchasing an additional 19,657 shares during the period. Resolution Capital Ltd boosted its stake in Cousins Properties by 33.5% during the 1st quarter. Resolution Capital Ltd now owns 5,886,133 shares of the real estate investment trust’s stock worth $173,641,000 after purchasing an additional 1,477,044 shares during the period. Finally, Centersquare Investment Management LLC boosted its stake in Cousins Properties by 11.7% during the 4th quarter. Centersquare Investment Management LLC now owns 5,600,905 shares of the real estate investment trust’s stock worth $171,612,000 after purchasing an additional 585,659 shares during the period. Institutional investors and hedge funds own 94.38% of the company’s stock.

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.