Cousins Properties Incorporated (NYSE:CUZ) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Cousins Properties Incorporated (NYSE:CUZ) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $30.50.

A number of research firms recently weighed in on CUZ. Wall Street Zen cut Cousins Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. JPMorgan Chase & Co. lowered their target price on Cousins Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a report on Tuesday, November 25th. Wells Fargo & Company cut their price target on Cousins Properties from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Barclays set a $34.00 price objective on shares of Cousins Properties in a research report on Tuesday, January 13th. Finally, Truist Financial dropped their target price on shares of Cousins Properties from $30.00 to $28.00 and set a “hold” rating for the company in a report on Monday, December 1st.

Cousins Properties Price Performance

Cousins Properties stock opened at $25.60 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.91 and a current ratio of 0.91. Cousins Properties has a one year low of $24.07 and a one year high of $31.36. The company has a market cap of $4.30 billion, a P/E ratio of 73.13, a price-to-earnings-growth ratio of 2.01 and a beta of 1.22. The business has a fifty day moving average of $25.69 and a two-hundred day moving average of $26.97.

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

Cousins Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Monday, January 5th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Monday, January 5th. Cousins Properties’s dividend payout ratio (DPR) is 365.71%.

Institutional Investors Weigh In On Cousins Properties

A number of large investors have recently bought and sold shares of CUZ. Bell Investment Advisors Inc raised its holdings in shares of Cousins Properties by 2,539.5% in the third quarter. Bell Investment Advisors Inc now owns 1,003 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 965 shares during the last quarter. Farther Finance Advisors LLC increased its position in Cousins Properties by 128.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,232 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 692 shares in the last quarter. SJS Investment Consulting Inc. purchased a new stake in Cousins Properties during the 3rd quarter worth about $48,000. Danske Bank A S acquired a new position in Cousins Properties in the 3rd quarter valued at about $52,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Cousins Properties by 55.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,100 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 753 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Company Profile

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.