Wells Fargo & Company Increases Cousins Properties (NYSE:CUZ) Price Target to $27.00

Cousins Properties (NYSE:CUZGet Rating) had its target price upped by Wells Fargo & Company from $26.00 to $27.00 in a report published on Tuesday morning, MarketBeat.com reports. They currently have an overweight rating on the real estate investment trust’s stock.

CUZ has been the subject of a number of other research reports. StockNews.com started coverage on Cousins Properties in a research report on Wednesday, October 12th. They issued a hold rating for the company. Truist Financial reduced their price target on Cousins Properties to $28.00 in a research report on Wednesday, November 16th. Evercore ISI started coverage on Cousins Properties in a research report on Monday, October 3rd. They issued an outperform rating and a $29.00 price target for the company. Finally, Mizuho reduced their price target on Cousins Properties from $31.00 to $29.00 and set a neutral rating for the company in a research report on Wednesday, October 19th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Hold and a consensus target price of $31.20.

Cousins Properties Stock Up 2.3 %

Cousins Properties stock opened at $25.64 on Tuesday. The stock has a market cap of $3.88 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.71 and a current ratio of 0.71. Cousins Properties has a one year low of $21.72 and a one year high of $42.41. The stock has a fifty day moving average of $24.09 and a 200 day moving average of $28.19.

Cousins Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Wednesday, October 5th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date of this dividend was Tuesday, October 4th. Cousins Properties’s dividend payout ratio (DPR) is 61.84%.

Hedge Funds Weigh In On Cousins Properties

A number of hedge funds have recently made changes to their positions in the business. Teachers Retirement System of The State of Kentucky bought a new position in Cousins Properties during the third quarter valued at approximately $567,000. California State Teachers Retirement System boosted its stake in Cousins Properties by 3.6% during the third quarter. California State Teachers Retirement System now owns 197,401 shares of the real estate investment trust’s stock valued at $4,609,000 after buying an additional 6,920 shares during the last quarter. M&T Bank Corp boosted its stake in Cousins Properties by 2.2% during the third quarter. M&T Bank Corp now owns 43,919 shares of the real estate investment trust’s stock valued at $1,025,000 after buying an additional 948 shares during the last quarter. Retirement Systems of Alabama boosted its stake in Cousins Properties by 1.2% during the third quarter. Retirement Systems of Alabama now owns 198,253 shares of the real estate investment trust’s stock valued at $4,629,000 after buying an additional 2,282 shares during the last quarter. Finally, Balyasny Asset Management LLC bought a new position in Cousins Properties during the third quarter valued at approximately $827,000. Institutional investors own 95.94% of the company’s stock.

About Cousins Properties

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

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