Cousins Properties (NYSE:CUZ) Price Target Raised to $36.00

Cousins Properties (NYSE:CUZ) had its price objective boosted by Barclays from $35.00 to $36.00 in a report released on Monday,Benzinga reports. The firm currently has an overweight rating on the real estate investment trust’s stock.

Other analysts have also issued reports about the stock. Jefferies Financial Group raised shares of Cousins Properties from a “hold” rating to a “buy” rating and upped their price target for the stock from $33.00 to $36.00 in a research report on Thursday, January 2nd. Robert W. Baird upped their target price on shares of Cousins Properties from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. StockNews.com cut Cousins Properties from a “hold” rating to a “sell” rating in a report on Thursday, January 9th. BMO Capital Markets downgraded 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 research report on Tuesday, December 3rd. Finally, Truist Financial raised their price objective on Cousins Properties from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Cousins Properties currently has an average rating of “Moderate Buy” and an average target price of $33.22.

Cousins Properties Trading Up 2.1 %

NYSE CUZ opened at $30.13 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17. The stock’s 50-day moving average is $30.67 and its 200-day moving average is $28.88. Cousins Properties has a one year low of $21.58 and a one year high of $32.55. The firm has a market cap of $4.76 billion, a P/E ratio of 91.30, a P/E/G ratio of 4.08 and a beta of 1.29.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.60). Cousins Properties had a net margin of 6.17% and a return on equity of 1.14%. The firm had revenue of $209.21 million during the quarter, compared to the consensus estimate of $212.54 million. During the same quarter last year, the firm earned $0.65 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Sell-side analysts anticipate that Cousins Properties will post 2.68 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, January 3rd were paid a $0.32 dividend. The ex-dividend date was Friday, January 3rd. This represents a $1.28 annualized dividend and a yield of 4.25%. Cousins Properties’s dividend payout ratio (DPR) is presently 387.88%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CUZ. Massachusetts Financial Services Co. MA grew its stake in shares of Cousins Properties by 3,768.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,337,416 shares of the real estate investment trust’s stock valued at $68,907,000 after acquiring an additional 2,276,986 shares in the last quarter. Rush Island Management LP acquired a new position in shares of Cousins Properties during the 3rd quarter worth approximately $46,393,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Cousins Properties by 411.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,113,403 shares of the real estate investment trust’s stock worth $32,823,000 after purchasing an additional 895,917 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Cousins Properties in the third quarter valued at approximately $20,276,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Cousins Properties by 368.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 781,947 shares of the real estate investment trust’s stock worth $23,052,000 after buying an additional 615,118 shares in the last quarter. Institutional investors own 94.38% of the company’s stock.

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.