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

Shares of Cousins Properties Incorporated (NYSE:CUZ) have been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $29.8182.

A number of analysts have recently commented on the company. Wells Fargo & Company boosted their price objective on Cousins Properties from $28.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Evercore reaffirmed an “outperform” rating and set a $34.00 target price on shares of Cousins Properties in a research note on Monday, July 6th. Weiss Ratings raised Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. Wall Street Zen raised shares of Cousins Properties from a “strong sell” rating to a “sell” rating in a report on Sunday. Finally, Truist Financial raised their price objective on shares of Cousins Properties from $24.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, June 26th.

Institutional Investors Weigh In On Cousins Properties

Several hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC lifted its position in shares of Cousins Properties by 1.6% in the 4th quarter. Sanctuary Advisors LLC now owns 30,730 shares of the real estate investment trust’s stock valued at $792,000 after acquiring an additional 483 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Cousins Properties by 25.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,634 shares of the real estate investment trust’s stock valued at $68,000 after purchasing an additional 526 shares in the last quarter. DoubleLine ETF Adviser LP lifted its position in Cousins Properties by 5.3% in the 3rd quarter. DoubleLine ETF Adviser LP now owns 10,461 shares of the real estate investment trust’s stock worth $303,000 after buying an additional 531 shares in the last quarter. Polymer Capital Management US LLC lifted its position in Cousins Properties by 4.8% in the 3rd quarter. Polymer Capital Management US LLC now owns 13,889 shares of the real estate investment trust’s stock worth $402,000 after buying an additional 634 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Cousins Properties by 25.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,175 shares of the real estate investment trust’s stock valued at $95,000 after buying an additional 648 shares during the period. 94.38% of the stock is owned by hedge funds and other institutional investors.

Cousins Properties Stock Performance

CUZ stock opened at $30.50 on Tuesday. The company has a market capitalization of $5.02 billion, a P/E ratio of -1,016.43, a PEG ratio of 2.22 and a beta of 1.19. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.83. The company has a 50-day simple moving average of $28.11 and a 200 day simple moving average of $25.61. Cousins Properties has a fifty-two week low of $21.03 and a fifty-two week high of $31.23.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results 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). The company had revenue of $263.11 million for the quarter, compared to the consensus estimate of $256.77 million. Cousins Properties had a negative return on equity of 0.11% and a negative net margin of 0.52%.The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 earnings per share. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. Sell-side analysts predict that Cousins Properties will post 2.95 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Monday, July 6th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.28 annualized dividend and a dividend yield of 4.2%. Cousins Properties’s dividend payout ratio is currently -4,266.67%.

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.