Analysts Set Cousins Properties Incorporated (NYSE:CUZ) Target Price at $30.67

Shares of Cousins Properties Incorporated (NYSE:CUZ) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $30.67.

Several brokerages have issued reports on CUZ. Robert W. Baird upped their price target on shares of Cousins Properties from $29.00 to $31.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Evercore ISI increased their price objective on shares of Cousins Properties from $29.00 to $30.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Barclays increased their price objective on shares of Cousins Properties from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Wells Fargo & Company increased their price objective on shares of Cousins Properties from $26.00 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Finally, Truist Financial increased their price objective on shares of Cousins Properties from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, August 30th.

Insiders Place Their Bets

In other Cousins Properties news, CAO Jeffrey D. Symes sold 5,997 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $28.13, for a total value of $168,695.61. Following the completion of the sale, the chief accounting officer now directly owns 12,529 shares in the company, valued at approximately $352,440.77. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CUZ. Oak Thistle LLC bought a new position in shares of Cousins Properties in the first quarter valued at $421,000. State of Michigan Retirement System lifted its position in shares of Cousins Properties by 2.2% during the first quarter. State of Michigan Retirement System now owns 37,244 shares of the real estate investment trust’s stock valued at $895,000 after purchasing an additional 800 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Cousins Properties by 0.6% during the first quarter. State of Alaska Department of Revenue now owns 88,588 shares of the real estate investment trust’s stock valued at $2,128,000 after purchasing an additional 486 shares in the last quarter. Retirement Systems of Alabama lifted its position in shares of Cousins Properties by 0.3% during the first quarter. Retirement Systems of Alabama now owns 190,589 shares of the real estate investment trust’s stock valued at $4,582,000 after purchasing an additional 498 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC lifted its position in shares of Cousins Properties by 4.8% during the first quarter. SeaBridge Investment Advisors LLC now owns 118,424 shares of the real estate investment trust’s stock valued at $2,847,000 after purchasing an additional 5,393 shares in the last quarter. 94.38% of the stock is owned by institutional investors.

Cousins Properties Price Performance

Shares of NYSE:CUZ opened at $30.82 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.03 and a quick ratio of 1.03. Cousins Properties has a one year low of $17.59 and a one year high of $32.17. The firm has a 50 day simple moving average of $29.32 and a 200 day simple moving average of $25.85. The company has a market cap of $4.69 billion, a price-to-earnings ratio of 62.90, a PEG ratio of 4.41 and a beta of 1.30.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.60). Cousins Properties had a net margin of 7.25% and a return on equity of 1.31%. The business had revenue of $209.21 million during the quarter, compared to analyst estimates of $212.54 million. During the same quarter last year, the company posted $0.65 earnings per share. The company’s revenue was up 5.2% compared to the same quarter last year. Research analysts predict that Cousins Properties will post 2.67 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Thursday, October 3rd were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend was Thursday, October 3rd. Cousins Properties’s payout ratio is 261.22%.

About Cousins Properties

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.