Cousins Properties Incorporated (NYSE:CUZ) Receives $29.82 Average Price Target from Analysts

Cousins Properties Incorporated (NYSE:CUZ) has been given an average recommendation of “Moderate Buy” by the nine analysts that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $29.8182.

CUZ has been the subject of a number of recent analyst reports. Weiss Ratings upgraded Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. Wall Street Zen upgraded Cousins Properties from a “strong sell” rating to a “sell” rating in a report on Sunday, July 12th. Wells Fargo & Company upped their price objective on shares of Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Evercore reiterated an “outperform” rating and issued a $34.00 target price on shares of Cousins Properties in a report on Monday, July 6th. Finally, Truist Financial lifted their target price on shares of Cousins Properties from $24.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, June 26th.

Cousins Properties Price Performance

Shares of NYSE:CUZ opened at $31.52 on Tuesday. Cousins Properties has a one year low of $21.03 and a one year high of $32.35. The stock has a fifty day moving average of $28.62 and a 200-day moving average of $25.81. The company has a market capitalization of $5.19 billion, a PE ratio of -1,050.48, a price-to-earnings-growth ratio of 2.33 and a beta of 1.19. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.21 and a current ratio of 1.21.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.21). The company had revenue of $263.11 million for the quarter, compared to the consensus estimate of $256.77 million. Cousins Properties had a negative return on equity of 0.11% and a negative net margin of 0.52%.The business’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.74 earnings per share. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. As a group, equities analysts anticipate that Cousins Properties will post 2.95 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Monday, July 6th were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.28 dividend on an annualized basis and a yield of 4.1%. Cousins Properties’s dividend payout ratio (DPR) is currently -4,266.67%.

Hedge Funds Weigh In On Cousins Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in CUZ. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Cousins Properties in the second quarter worth $902,000. EverSource Wealth Advisors LLC lifted its stake 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 worth $63,000 after acquiring an additional 753 shares in the last quarter. Marshall Wace LLP purchased a new stake in Cousins Properties in the 2nd quarter worth about $3,723,000. Federated Hermes Inc. boosted its position in Cousins Properties by 40.8% during the 2nd quarter. Federated Hermes Inc. now owns 110,926 shares of the real estate investment trust’s stock worth $3,331,000 after acquiring an additional 32,162 shares during the period. Finally, California Public Employees Retirement System boosted its position in Cousins Properties by 8.6% during the 2nd quarter. California Public Employees Retirement System now owns 286,452 shares of the real estate investment trust’s stock worth $8,602,000 after acquiring an additional 22,741 shares during the period. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

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.