Cousins Properties Incorporated (NYSE:CUZ) Receives Consensus Rating of “Hold” from Brokerages

Cousins Properties Incorporated (NYSE:CUZ – Get Rating) has earned a consensus rating of “Hold” from the ten research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $28.86.

A number of research firms recently weighed in on CUZ. Truist Financial dropped their target price 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 target price for the company. Barclays decreased their price target on Cousins Properties from $43.00 to $36.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 13th. StockNews.com cut Cousins Properties from a “hold” rating to a “sell” rating in a research note on Friday, January 6th. Finally, BMO Capital Markets started coverage on Cousins Properties in a research note on Monday, December 12th. They issued an “outperform” rating and a $29.00 price target on the stock.

Hedge Funds Weigh In On Cousins Properties

Hedge funds have recently made changes to their positions in the business. Asset Dedication LLC purchased a new position in shares of Cousins Properties during the third quarter valued at approximately $25,000. Ellevest Inc. boosted its position in shares of Cousins Properties by 8,100.0% during the third quarter. Ellevest Inc. now owns 1,148 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 1,134 shares in the last quarter. Spirit of America Management Corp NY bought a new stake in shares of Cousins Properties during the second quarter valued at approximately $29,000. Janiczek Wealth Management LLC boosted its position in shares of Cousins Properties by 285.9% during the second quarter. Janiczek Wealth Management LLC now owns 961 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 712 shares in the last quarter. Finally, CWM LLC boosted its position in shares of Cousins Properties by 461.1% during the third quarter. CWM LLC now owns 1,285 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,056 shares in the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Cousins Properties Stock Performance

Shares of CUZ opened at $25.98 on Monday. The company has a market cap of $3.93 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 2.74 and a beta of 1.08. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average price of $25.14 and a 200-day moving average price of $26.28. Cousins Properties has a 12-month low of $21.72 and a 12-month high of $41.69.

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Wednesday, January 4th were paid a dividend of $0.32 per share. The ex-dividend date was Tuesday, January 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.93%. Cousins Properties’s dividend payout ratio (DPR) is presently 61.84%.

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.