Brokerages Set Cousins Properties Incorporated (NYSE:CUZ) Target Price at $23.67

Cousins Properties Incorporated (NYSE:CUZ) has been given an average recommendation of “Hold” by the six ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $23.67.

Several research firms recently commented on CUZ. Truist Financial lowered their target price on Cousins Properties from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, January 16th. StockNews.com lowered shares of Cousins Properties from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Barclays reduced their price target on shares of Cousins Properties from $29.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, March 27th.

Insider Buying and Selling

In other news, CFO Gregg D. Adzema sold 71,097 shares of Cousins Properties stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $23.31, for a total transaction of $1,657,271.07. Following the completion of the sale, the chief financial officer now directly owns 85,872 shares in the company, valued at approximately $2,001,676.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.40% of the stock is owned by corporate insiders.

Institutional Trading of Cousins Properties

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. PARK CIRCLE Co bought a new position in Cousins Properties in the 3rd quarter worth approximately $31,000. Principal Securities Inc. bought a new stake in shares of Cousins Properties in the fourth quarter valued at about $31,000. Cetera Trust Company N.A acquired a new stake in Cousins Properties during the fourth quarter worth about $156,000. Van Lanschot Kempen Investment Management N.V. acquired a new position in Cousins Properties in the 3rd quarter valued at approximately $173,000. Finally, Westend Capital Management LLC bought a new stake in shares of Cousins Properties in the 1st quarter worth approximately $184,000. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Stock Performance

Shares of CUZ stock opened at $23.74 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.57. The business has a 50 day moving average of $23.09 and a two-hundred day moving average of $22.42. The company has a market cap of $3.61 billion, a P/E ratio of 48.45, a PEG ratio of 5.06 and a beta of 1.27. Cousins Properties has a 52 week low of $17.40 and a 52 week high of $25.19.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Friday, April 26th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.54). The company had revenue of $209.20 million during the quarter, compared to analyst estimates of $199.35 million. Cousins Properties had a return on equity of 1.62% and a net margin of 9.15%. Cousins Properties’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 earnings per share. As a group, analysts anticipate that Cousins Properties will post 2.63 EPS for the current year.

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, April 4th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 5.39%. The ex-dividend date was Wednesday, April 3rd. Cousins Properties’s dividend payout ratio is currently 261.22%.

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.