Cousins Properties (NYSE:CUZ) Given New $36.00 Price Target at Barclays

Cousins Properties (NYSE:CUZ) had its target price raised by Barclays from $35.00 to $36.00 in a research report released on Monday,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

A number of other brokerages have also issued reports on CUZ. BMO Capital Markets lowered shares of Cousins Properties from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $31.00 to $32.00 in a research note on Tuesday, December 3rd. Truist Financial boosted their price target on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Evercore ISI boosted their price objective on Cousins Properties from $29.00 to $30.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Wells Fargo & Company boosted their price objective on Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Finally, KeyCorp raised Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective for the company in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.22.

Cousins Properties Stock Up 1.9 %

Shares of CUZ opened at $29.05 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60. The firm has a market cap of $4.59 billion, a P/E ratio of 88.03, a price-to-earnings-growth ratio of 4.02 and a beta of 1.29. The company’s 50-day moving average price is $30.76 and its 200 day moving average price is $28.78. Cousins Properties has a 12-month low of $21.58 and a 12-month high of $32.55.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.60). The business had revenue of $209.21 million for the quarter, compared to analysts’ expectations of $212.54 million. Cousins Properties had a return on equity of 1.14% and a net margin of 6.17%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned $0.65 earnings per share. On average, sell-side analysts forecast that Cousins Properties will post 2.68 earnings per share for the current year.

Cousins Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Friday, January 3rd will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend is Friday, January 3rd. Cousins Properties’s dividend payout ratio (DPR) is 387.88%.

Hedge Funds Weigh In On Cousins Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CUZ. Larson Financial Group LLC boosted its holdings in shares of Cousins Properties by 49.7% in the third quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 438 shares during the period. Signaturefd LLC boosted its holdings in shares of Cousins Properties by 30.8% in the third quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 651 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Cousins Properties in the second quarter valued at approximately $115,000. Quarry LP boosted its holdings in shares of Cousins Properties by 74.5% in the third quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock valued at $117,000 after acquiring an additional 1,697 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Cousins Properties by 168.0% in the third quarter. Blue Trust Inc. now owns 4,057 shares of the real estate investment trust’s stock valued at $120,000 after acquiring an additional 2,543 shares during the period. 94.38% of the stock is owned by institutional investors and hedge funds.

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.