Cousins Properties (NYSE:CUZ) Price Target Increased to $30.00 by Analysts at Evercore ISI

Cousins Properties (NYSE:CUZ) had its price objective upped by Evercore ISI from $29.00 to $30.00 in a research note released on Monday, Benzinga reports. The brokerage currently has an in-line rating on the real estate investment trust’s stock.

A number of other brokerages have also recently issued reports on CUZ. Truist Financial upped their price objective on shares of Cousins Properties from $26.00 to $30.00 and gave the stock a buy rating in a report on Friday, August 30th. Barclays upped their price objective on shares of Cousins Properties from $25.00 to $30.00 and gave the stock an overweight rating in a report on Tuesday, July 30th. Wells Fargo & Company upped their price objective on shares of Cousins Properties from $26.00 to $31.00 and gave the stock an overweight rating in a report on Wednesday, September 11th. Robert W. Baird upped their price objective on shares of Cousins Properties from $29.00 to $31.00 and gave the stock an outperform rating in a report on Wednesday, July 31st. Finally, StockNews.com upgraded shares of Cousins Properties from a sell rating to a hold rating in a report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cousins Properties has a consensus rating of Moderate Buy and an average price target of $28.29.

Cousins Properties Trading Up 0.9 %

NYSE CUZ opened at $29.41 on Monday. Cousins Properties has a 1-year low of $17.40 and a 1-year high of $29.77. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $4.47 billion, a PE ratio of 60.02, a price-to-earnings-growth ratio of 4.73 and a beta of 1.31. The firm’s fifty day simple moving average is $27.22 and its 200-day simple moving average is $24.53.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.61). Cousins Properties had a return on equity of 1.31% and a net margin of 7.25%. The company had revenue of $212.98 million during the quarter, compared to analyst estimates of $208.18 million. During the same period last year, the company posted $2.75 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cousins Properties will post 2.67 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Thursday, October 3rd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date is Thursday, October 3rd. Cousins Properties’s dividend payout ratio (DPR) is 261.22%.

Insider Buying and Selling at Cousins Properties

In other Cousins Properties news, CAO Jeffrey D. Symes sold 5,997 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $28.13, for a total transaction 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 $352,440.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Cousins Properties

Several hedge funds have recently made changes to their positions in CUZ. Truist Financial Corp lifted its stake in shares of Cousins Properties by 5.3% in the fourth quarter. Truist Financial Corp now owns 15,558 shares of the real estate investment trust’s stock valued at $379,000 after buying an additional 781 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Cousins Properties by 12.8% in the fourth quarter. Victory Capital Management Inc. now owns 33,475 shares of the real estate investment trust’s stock valued at $815,000 after buying an additional 3,804 shares during the period. Principal Securities Inc. bought a new stake in shares of Cousins Properties in the fourth quarter valued at about $31,000. QRG Capital Management Inc. bought a new stake in shares of Cousins Properties in the fourth quarter valued at about $397,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Cousins Properties by 4.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 94,051 shares of the real estate investment trust’s stock valued at $2,246,000 after buying an additional 3,813 shares during the period. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Company Profile

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.