Cousins Properties Incorporated (NYSE:CUZ) Receives $30.60 Consensus Target Price from Brokerages

Shares of Cousins Properties Incorporated (NYSE:CUZ) have earned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $30.60.

Several brokerages have recently commented on CUZ. Cantor Fitzgerald set a $28.00 price objective on shares of Cousins Properties in a research report on Monday, December 1st. Jefferies Financial Group cut Cousins Properties from a “buy” rating to a “hold” rating and decreased their price target for the company from $34.00 to $27.00 in a report on Monday, October 13th. Wall Street Zen downgraded Cousins Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. JPMorgan Chase & Co. cut their target price on Cousins Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research report on Tuesday, November 25th. Finally, Wells Fargo & Company lowered their price target on Cousins Properties from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, November 10th.

Cousins Properties Trading Up 0.4%

Shares of NYSE:CUZ opened at $25.75 on Friday. The stock has a 50 day moving average of $25.60 and a 200 day moving average of $27.52. The company has a market cap of $4.32 billion, a PE ratio of 73.56, a price-to-earnings-growth ratio of 2.03 and a beta of 1.21. Cousins Properties has a 12-month low of $24.07 and a 12-month high of $31.36. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.70.

Cousins Properties (NYSE:CUZ) last released its earnings results on Thursday, October 30th. The real estate investment trust reported $0.69 EPS for the quarter, hitting analysts’ consensus estimates of $0.69. The company had revenue of $248.33 million for the quarter, compared to analysts’ expectations of $239.70 million. Cousins Properties had a net margin of 5.98% and a return on equity of 1.20%. The firm’s revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.67 EPS. Cousins Properties has set its FY 2025 guidance at 2.820-2.860 EPS. As a group, equities research analysts expect that Cousins Properties will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Monday, January 5th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Monday, January 5th. Cousins Properties’s payout ratio is 365.71%.

Hedge Funds Weigh In On Cousins Properties

Institutional investors have recently bought and sold shares of the stock. Resolution Capital Ltd increased its holdings in Cousins Properties by 0.6% in the 2nd quarter. Resolution Capital Ltd now owns 5,919,230 shares of the real estate investment trust’s stock valued at $177,754,000 after acquiring an additional 33,097 shares during the last quarter. Centersquare Investment Management LLC grew its position in shares of Cousins Properties by 2.4% during the third quarter. Centersquare Investment Management LLC now owns 5,668,140 shares of the real estate investment trust’s stock valued at $164,036,000 after purchasing an additional 132,479 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Cousins Properties by 51.5% in the second quarter. Jennison Associates LLC now owns 3,535,111 shares of the real estate investment trust’s stock worth $106,159,000 after purchasing an additional 1,200,952 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Cousins Properties by 7.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,484,297 shares of the real estate investment trust’s stock worth $100,836,000 after purchasing an additional 252,590 shares during the last quarter. Finally, Hudson Bay Capital Management LP lifted its position in shares of Cousins Properties by 20.1% in the third quarter. Hudson Bay Capital Management LP now owns 3,315,646 shares of the real estate investment trust’s stock worth $95,955,000 after buying an additional 555,696 shares in the last quarter. 94.38% of the stock is owned by hedge funds and other institutional investors.

About Cousins Properties

Cousins Properties Incorporated (NYSE: CUZ) is a publicly traded real estate investment trust (REIT) specializing in the development, acquisition and management of high-quality office and mixed-use properties. Headquartered in Atlanta, the company focuses on urban infill and suburban markets across the Sun Belt, with a strong presence in metropolitan areas such as Atlanta, Austin, Charlotte, Nashville, Orlando and Tampa. Its core activities encompass full-service property leasing, asset management and construction oversight, serving a diverse mix of corporate and institutional tenants.

Founded in 1958 as a privately held real estate concern, Cousins Properties completed its initial public offering in 1992.