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

Cousins Properties Incorporated (NYSE:CUZ – Get Rating) has been assigned a consensus rating of “Hold” from the twelve research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $26.00.

A number of research analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Cousins Properties in a research report on Thursday. They issued a “hold” rating for the company. Evercore ISI decreased their price objective on shares of Cousins Properties from $27.00 to $25.00 and set an “outperform” rating for the company in a research report on Monday, March 27th. Barclays decreased their price objective on shares of Cousins Properties from $36.00 to $28.00 and set an “overweight” rating for the company in a research report on Friday, March 24th. Robert W. Baird boosted their target price on shares of Cousins Properties from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 14th. Finally, BMO Capital Markets cut their target price on shares of Cousins Properties from $28.00 to $24.00 in a research note on Monday, March 20th.

Insider Activity at Cousins Properties

In related news, EVP John S. Mccoll sold 36,975 shares of the company’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $24.93, for a total transaction of $921,786.75. Following the completion of the sale, the executive vice president now owns 30,814 shares of the company’s stock, valued at approximately $768,193.02. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cousins Properties

Several institutional investors and hedge funds have recently bought and sold shares of CUZ. PGGM Investments acquired a new position in shares of Cousins Properties in the 3rd quarter worth approximately $65,105,000. Cohen & Steers Inc. lifted its holdings in Cousins Properties by 37.8% during the 3rd quarter. Cohen & Steers Inc. now owns 9,296,813 shares of the real estate investment trust’s stock worth $217,081,000 after buying an additional 2,548,134 shares in the last quarter. Brookfield Corp ON acquired a new stake in Cousins Properties during the 1st quarter worth approximately $32,869,000. Norges Bank acquired a new stake in Cousins Properties during the 4th quarter worth approximately $38,681,000. Finally, Aew Capital Management L P purchased a new stake in shares of Cousins Properties in the 4th quarter valued at approximately $27,694,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Cousins Properties Trading Up 0.8 %

NYSE CUZ opened at $19.98 on Friday. The company has a fifty day moving average of $20.61 and a 200 day moving average of $23.72. The company has a market capitalization of $3.03 billion, a PE ratio of 18.67, a P/E/G ratio of 2.27 and a beta of 1.12. Cousins Properties has a 1 year low of $18.06 and a 1 year high of $34.85. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.00.

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Wednesday, April 5th were paid a dividend of $0.32 per share. The ex-dividend date was Tuesday, April 4th. This represents a $1.28 annualized dividend and a yield of 6.41%. Cousins Properties’s dividend payout ratio is presently 119.63%.

About Cousins Properties

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Cousins Properties, Inc engages in the development, acquisition, leasing and management of real estate assets. It invests in urban office towers located in Sunbelt markets. The company was founded by Thomas G. Cousins in 1958 and is headquartered in Atlanta, GA.