Barclays Has Lowered Expectations for Cousins Properties (NYSE:CUZ) Stock Price

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

Other analysts have also issued research reports about the company. Truist Financial raised their price target on Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. BMO Capital Markets cut shares of Cousins Properties from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $31.00 to $32.00 in a research report on Tuesday, December 3rd. Robert W. Baird boosted their price target on shares of Cousins Properties from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. StockNews.com downgraded shares of Cousins Properties from a “hold” rating to a “sell” rating in a research note on Thursday, January 9th. Finally, Wells Fargo & Company lifted their price objective on Cousins Properties from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.11.

Cousins Properties Trading Up 0.5 %

CUZ opened at $30.15 on Monday. Cousins Properties has a one year low of $21.58 and a one year high of $32.55. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17. The business has a 50 day simple moving average of $30.38 and a two-hundred day simple moving average of $29.59. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 91.35, a PEG ratio of 3.94 and a beta of 1.29.

Cousins Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend was Friday, January 3rd. Cousins Properties’s dividend payout ratio is 387.88%.

Institutional Trading of Cousins Properties

A number of hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its stake in Cousins Properties by 11.1% in the 4th quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust’s stock worth $413,375,000 after purchasing an additional 1,350,352 shares in the last quarter. State Street Corp lifted its stake in shares of Cousins Properties by 0.6% in the third quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust’s stock worth $224,251,000 after buying an additional 48,668 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Cousins Properties by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,864,177 shares of the real estate investment trust’s stock valued at $84,457,000 after buying an additional 36,727 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Cousins Properties by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,488,358 shares of the real estate investment trust’s stock valued at $73,357,000 after acquiring an additional 82,521 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Cousins Properties by 3,768.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,337,416 shares of the real estate investment trust’s stock worth $68,907,000 after acquiring an additional 2,276,986 shares during the last quarter. 94.38% of the stock is owned by institutional investors.

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.