Brokerages Set Cousins Properties Incorporated (NYSE:CUZ) Target Price at $30.91

Shares of Cousins Properties Incorporated (NYSE:CUZ) have been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $30.9091.

A number of equities analysts recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Cousins Properties from $28.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Wall Street Zen upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings raised Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. Evercore reaffirmed an “outperform” rating and set a $34.00 price objective on shares of Cousins Properties in a research report on Monday, July 6th. Finally, Truist Financial upped their price objective on Cousins Properties from $24.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, June 26th.

Hedge Funds Weigh In On Cousins Properties

Several hedge funds have recently added to or reduced their stakes in CUZ. Farther Finance Advisors LLC lifted its position in shares of 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 buying an additional 692 shares during the last quarter. Avalon Trust Co purchased a new position in shares of Cousins Properties in the 1st quarter valued at $39,000. Arax Advisory Partners acquired a new stake in Cousins Properties during the 4th quarter worth $39,000. Clearstead Advisors LLC raised its stake in Cousins Properties by 176.1% during the 4th quarter. Clearstead Advisors LLC now owns 1,803 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,150 shares in the last quarter. Finally, Elevation Wealth Partners LLC lifted its position in Cousins Properties by 92.3% in the second quarter. Elevation Wealth Partners LLC now owns 1,573 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 755 shares during the last quarter. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

Cousins Properties Stock Performance

Shares of Cousins Properties stock opened at $29.35 on Friday. Cousins Properties has a one year low of $21.03 and a one year high of $32.95. The company has a market cap of $4.83 billion, a PE ratio of 733.93, a P/E/G ratio of 2.16 and a beta of 1.18. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.01 and a current ratio of 1.01. The business has a 50-day simple moving average of $30.04 and a 200-day simple moving average of $26.33.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.58). Cousins Properties had a net margin of 0.62% and a return on equity of 0.14%. The firm had revenue of $268.53 million during the quarter, compared to analyst estimates of $263.55 million. During the same period last year, the business earned $0.70 EPS. The firm’s revenue was up 11.8% compared to the same quarter last year. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. On average, equities research analysts forecast that Cousins Properties will post 2.96 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Monday, July 6th were paid a dividend of $0.32 per share. The ex-dividend date was Monday, July 6th. This represents a $1.28 annualized dividend and a yield of 4.4%. Cousins Properties’s payout ratio is presently 3,200.00%.

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.