Analysts set Cousins ​​Properties Incorporated (NYSE:CUZ) price target at $41.50


Cousins ​​Properties Incorporated (NYSE: CUZ – Get Rating) has earned a consensus rating of “Hold” from the seven rating agencies that cover the company, MarketBeat.com reports. Four research analysts rated the stock with a hold recommendation and two gave the company a buy recommendation. The 1-year average target price among brokers who have hedged the stock over the past year is $38.75.

CUZ has been the subject of several recent research reports. TheStreet downgraded Cousins ​​Properties from a “b-” rating to a “c+” rating in a Tuesday, June 28 research report. Wells Fargo & Company lowered its price target on Cousins ​​Properties from $45.00 to $33.00 and set an “overweight” rating for the company in a research report on Friday. Wolfe Research launched coverage on Cousins ​​Properties in a research report on Thursday. They issued a “market performance” rating for the company. Truist Financial lowered its price target on Cousins ​​Properties from $38.00 to $33.00 and set a “holding” rating for the company in a research report on Thursday. Finally, Mizuho launched a cover on Cousins ​​Properties in a research report on Friday, April 22. They issued a “neutral” rating and a price target of $41.00 for the company.

NYSE: CUZ opened at $29.65 on Thursday. The company has a 50-day moving average of $33.14 and a 200-day moving average of $37.17. The company has a market capitalization of $4.41 billion, a price/earnings ratio of 15.94, a PEG ratio of 3.32 and a beta of 1.02. Cousins ​​Properties has a 1-year minimum of $28.67 and a 1-year maximum of $42.41. The company has a debt ratio of 0.51, a current ratio of 0.97 and a quick ratio of 0.97.

Cousins ​​Properties (NYSE:CUZ – Get Rating) last reported results on Thursday, April 28. The real estate investment trust reported earnings per share of $0.19 for the quarter, missing analyst consensus estimates of $0.67 per ($0.48). The company posted revenue of $186.90 million in the quarter, versus a consensus estimate of $184.82 million. Cousins ​​Properties had a return on equity of 6.12% and a net margin of 36.88%. The company’s quarterly revenue fell 1.4% from the same quarter last year. In the same quarter of the previous year, the company achieved EPS of $0.69. As a group, sell-side analysts expect Cousins ​​Properties to post EPS of 2.73 for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15. Shareholders of record on Wednesday, July 6 will receive a dividend of $0.32 per share. The ex-dividend date is Tuesday, July 5. This represents an annualized dividend of $1.28 and a dividend yield of 4.32%. Cousins ​​Properties’ dividend payout ratio (DPR) is currently 68.82%.

Institutional investors and hedge funds have recently been buying and selling shares of the company. Fifth Third Bancorp increased its stake in Cousins ​​Properties by 60.8% in the first quarter. Fifth Third Bancorp now owns 709 shares of the real estate investment trust worth $29,000 after purchasing an additional 268 shares during the period. Lazard Asset Management LLC acquired a new stake in Cousins ​​Properties in the first quarter valued at $39,000. Covestor Ltd increased its stake in Cousins ​​Properties by 89.2% in the first quarter. Covestor Ltd now owns 1,050 shares of the real estate investment trust worth $42,000 after purchasing an additional 495 shares during the period. Brown Brothers Harriman & Co. increased its stake in Cousins ​​Properties by 160.9% in the first quarter. Brown Brothers Harriman & Co. now owns 1,234 shares of the real estate investment trust worth $50,000 after purchasing an additional 761 shares during the period. Finally, TAP Consulting LLC acquired a new stake in Cousins ​​Properties in the fourth quarter worth $53,000. 98.47% of the shares are currently held by hedge funds and other institutional investors.

About cousin properties (Get an assessment)

Cousins ​​Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The company, based in Atlanta, Georgia, and acting through its operating partnership, Cousins ​​Properties LP, invests primarily in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins ​​creates shareholder value through its extensive expertise in developing, acquiring, leasing and managing high-quality real estate assets.

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Analyst Recommendations for Cousins ​​Properties (NYSE: CUZ)



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