Cousins Properties (CUZ) – Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Cousins Properties (NYSE: CUZ):

• 12/18/2024 – Cousins Properties had its price target raised by analysts at Truist Financial Co. from $30.00 to $33.00. They now have a “buy” rating on the stock.
• 12/17/2024 – Cousins Properties was upgraded by analysts at KeyCorp from a “sector weight” rating to an “overweight” rating. They now have a $34.00 price target on the stock.
• 12/12/2024 – Cousins Properties had its price target raised by analysts at Robert W. Baird from $33.00 to $34.00. They now have an “outperform” rating on the stock.
• 12/3/2024 – Cousins Properties was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a $32.00 price target on the stock, up previously from $31.00.
• 11/4/2024 – Cousins Properties had its price target raised by analysts at Wells Fargo & Company from $31.00 to $34.00. They now have an “overweight” rating on the stock.
• 11/4/2024 – Cousins Properties had its price target raised by analysts at Robert W. Baird from $31.00 to $33.00. They now have an “outperform” rating on the stock.
• 11/4/2024 – Cousins Properties was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.

Cousins Properties Price Performance

NYSE:CUZ traded up $0.41 during trading hours on Friday, reaching $30.24. The company had a trading volume of 3,984,768 shares, compared to its average volume of 1,321,557. The firm has a market capitalization of $4.78 billion, a PE ratio of 91.64, a PEG ratio of 4.02 and a beta of 1.29. The stock has a 50-day moving average of $31.02 and a two-hundred day moving average of $27.89. Cousins Properties Incorporated has a one year low of $21.58 and a one year high of $32.55. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.60.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.60). Cousins Properties had a return on equity of 1.14% and a net margin of 6.17%. The firm had revenue of $209.21 million for the quarter, compared to the consensus estimate of $212.54 million. During the same period in the prior year, the company posted $0.65 earnings per share. Cousins Properties’s quarterly revenue was up 5.2% compared to the same quarter last year. Analysts forecast that Cousins Properties Incorporated will post 2.68 earnings per share for the current year.

Cousins Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, January 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.23%. Cousins Properties’s dividend payout ratio (DPR) is currently 387.88%.

Institutional Investors Weigh In On Cousins Properties

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC boosted its stake in shares of Cousins Properties by 36.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 31,660 shares of the real estate investment trust’s stock valued at $1,004,000 after purchasing an additional 8,479 shares during the last quarter. Virtu Financial LLC acquired a new position in Cousins Properties in the third quarter valued at about $227,000. TCW Group Inc. acquired a new stake in shares of Cousins Properties in the 3rd quarter valued at approximately $1,274,000. Coldstream Capital Management Inc. acquired a new stake in shares of Cousins Properties in the 3rd quarter valued at approximately $208,000. Finally, Geode Capital Management LLC grew its holdings in 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 purchasing an additional 36,727 shares during the period. 94.38% of the stock is owned by institutional investors and hedge funds.

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.