Cousins Properties (NYSE:CUZ) Price Target Cut to $25.00 by Analysts at Barclays

Cousins Properties (NYSE:CUZ) had its price target trimmed by Barclays from $29.00 to $25.00 in a research note published on Wednesday, Benzinga reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

Several other equities research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Cousins Properties from a neutral rating to an overweight rating and increased their price target for the company from $26.00 to $27.00 in a research report on Monday, December 18th. StockNews.com raised shares of Cousins Properties from a sell rating to a hold rating in a research report on Thursday, March 14th. Finally, Truist Financial dropped their target price on shares of Cousins Properties from $27.00 to $26.00 and set a buy rating for the company in a research report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Hold and an average price target of $23.29.

Cousins Properties Price Performance

Shares of Cousins Properties stock opened at $23.56 on Wednesday. Cousins Properties has a 52-week low of $17.40 and a 52-week high of $25.19. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 42.84, a price-to-earnings-growth ratio of 6.26 and a beta of 1.27. The company has a fifty day moving average of $23.14 and a 200-day moving average of $21.87. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 0.76.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.53). The business had revenue of $197.00 million during the quarter, compared to analysts’ expectations of $198.47 million. Cousins Properties had a net margin of 10.33% and a return on equity of 1.81%. Cousins Properties’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the company posted $0.66 EPS. Equities research analysts expect that Cousins Properties will post 2.61 EPS for the current year.

Cousins Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, April 4th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.28 annualized dividend and a dividend yield of 5.43%. Cousins Properties’s payout ratio is 232.73%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Gotham Asset Management LLC increased its stake in Cousins Properties by 10.0% during the 3rd quarter. Gotham Asset Management LLC now owns 53,547 shares of the real estate investment trust’s stock valued at $1,091,000 after purchasing an additional 4,884 shares in the last quarter. PGGM Investments increased its stake in Cousins Properties by 2.6% during the 3rd quarter. PGGM Investments now owns 2,046,403 shares of the real estate investment trust’s stock valued at $41,685,000 after purchasing an additional 50,956 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Cousins Properties by 3.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 61,526 shares of the real estate investment trust’s stock valued at $1,403,000 after purchasing an additional 2,289 shares in the last quarter. Jump Financial LLC bought a new stake in Cousins Properties during the 3rd quarter valued at about $1,538,000. Finally, Kennedy Capital Management LLC increased its stake in Cousins Properties by 31.0% during the 3rd quarter. Kennedy Capital Management LLC now owns 235,515 shares of the real estate investment trust’s stock valued at $4,797,000 after purchasing an additional 55,783 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors.

Cousins Properties Company Profile

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.