Cousins Properties Incorporated (NYSE:CUZ) Given Average Recommendation of “Moderate Buy” by Analysts

Cousins Properties Incorporated (NYSE:CUZ) has been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $28.3636.

A number of research analysts have recently commented on the stock. Robert W. Baird set a $33.00 price objective on shares of Cousins Properties in a research note on Wednesday, February 25th. Evercore reaffirmed an “outperform” rating and set a $28.00 price objective on shares of Cousins Properties in a research note on Thursday, April 30th. Weiss Ratings downgraded shares of Cousins Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 15th. Barclays dropped their price objective on shares of Cousins Properties from $34.00 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Finally, Truist Financial dropped their price objective on shares of Cousins Properties from $28.00 to $24.00 and set a “hold” rating for the company in a research note on Tuesday, March 17th.

Cousins Properties Trading Up 0.1%

NYSE CUZ opened at $26.52 on Monday. Cousins Properties has a 12 month low of $21.03 and a 12 month high of $30.81. The company has a 50-day moving average of $24.08 and a 200-day moving average of $24.75. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market cap of $4.36 billion, a P/E ratio of -883.54, a P/E/G ratio of 1.96 and a beta of 1.21.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.21). Cousins Properties had a negative net margin of 0.52% and a negative return on equity of 0.11%. The company had revenue of $263.11 million for the quarter, compared to analyst estimates of $256.77 million. During the same period in the prior year, the company earned $0.74 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. As a group, equities analysts predict that Cousins Properties will post 2.93 earnings per share for the current year.

Cousins Properties announced that its Board of Directors has initiated a share buyback program on Tuesday, February 17th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the real estate investment trust to buy up to 6.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Cousins Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, April 7th were issued a dividend of $0.32 per share. The ex-dividend date was Tuesday, April 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.8%. Cousins Properties’s payout ratio is presently -4,266.67%.

Institutional Investors Weigh In On Cousins Properties

Several large investors have recently made changes to their positions in CUZ. Bell Investment Advisors Inc raised its stake in shares of Cousins Properties by 2,539.5% in the 3rd quarter. Bell Investment Advisors Inc now owns 1,003 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 965 shares during the period. Farther Finance Advisors LLC lifted its holdings 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 valued at $32,000 after acquiring an additional 692 shares in the last quarter. Arax Advisory Partners acquired a new position in shares of Cousins Properties during the 4th quarter valued at $39,000. Avalon Trust Co acquired a new position in shares of Cousins Properties during the 1st quarter valued at $39,000. Finally, Danske Bank A S acquired a new position in shares of Cousins Properties during the 3rd quarter valued at $52,000. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Company Profile

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.