Cousins Properties Incorporated (NYSE:CUZ) Receives $28.36 Average PT from Brokerages

Cousins Properties Incorporated (NYSE:CUZ) has earned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $28.3636.

Several equities analysts have weighed in on the company. Weiss Ratings cut Cousins Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 15th. Robert W. Baird set a $33.00 price target on shares of Cousins Properties in a research report on Wednesday, February 25th. BMO Capital Markets decreased their price target on shares of Cousins Properties from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Thursday, March 12th. Truist Financial lowered their price objective on shares of Cousins Properties from $28.00 to $24.00 and set a “hold” rating on the stock in a research report on Tuesday, March 17th. Finally, Mizuho set a $27.00 price objective on shares of Cousins Properties in a research note on Tuesday, February 24th.

Cousins Properties Price Performance

CUZ opened at $26.85 on Monday. The firm has a market capitalization of $4.42 billion, a P/E ratio of -894.77, a PEG ratio of 1.98 and a beta of 1.21. The stock has a fifty day moving average of $24.47 and a 200-day moving average of $24.78. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.83. Cousins Properties has a 12-month low of $21.03 and a 12-month high of $30.81.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.21). The business had revenue of $263.11 million for the quarter, compared to analysts’ expectations of $256.77 million. Cousins Properties had a negative net margin of 0.52% and a negative return on equity of 0.11%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.74 EPS. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. Equities analysts forecast that Cousins Properties will post 2.93 EPS for the current fiscal year.

Cousins Properties declared that its board has authorized a share buyback program on Tuesday, February 17th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 6.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, April 7th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Tuesday, April 7th. Cousins Properties’s payout ratio is currently -4,266.67%.

Institutional Trading of Cousins Properties

Institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. increased its position in Cousins Properties by 3.4% in the 4th quarter. Principal Financial Group Inc. now owns 12,890,208 shares of the real estate investment trust’s stock worth $332,310,000 after purchasing an additional 419,911 shares during the last quarter. Resolution Capital Ltd lifted its holdings in shares of Cousins Properties by 0.6% during 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 buying an additional 33,097 shares during the last quarter. Centersquare Investment Management LLC lifted its holdings in shares of Cousins Properties by 3.2% during the 4th quarter. Centersquare Investment Management LLC now owns 5,847,176 shares of the real estate investment trust’s stock valued at $150,740,000 after buying an additional 179,036 shares during the last quarter. Alyeska Investment Group L.P. grew its stake in shares of Cousins Properties by 308.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 5,175,415 shares of the real estate investment trust’s stock valued at $133,422,000 after buying an additional 3,909,740 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Cousins Properties by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 3,448,764 shares of the real estate investment trust’s stock valued at $88,924,000 after buying an additional 47,633 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.