Cousins Properties (NYSE:CUZ) Price Target Cut to $35.00 by Analysts at Barclays

Cousins Properties (NYSE:CUZ) had its price objective decreased by Barclays from $36.00 to $35.00 in a research report report published on Monday,Benzinga reports. Barclays currently has an overweight rating on the real estate investment trust’s stock.

Several other brokerages have also issued reports on CUZ. Jefferies Financial Group raised shares of Cousins Properties from a “hold” rating to a “buy” rating and increased their target price for the stock from $33.00 to $36.00 in a research note on Thursday, January 2nd. Mizuho raised shares of Cousins Properties from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $22.00 to $30.00 in a research report on Tuesday, January 7th. Robert W. Baird upped their price target on Cousins Properties from $33.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. BMO Capital Markets lowered Cousins Properties from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $31.00 to $32.00 in a report on Tuesday, December 3rd. Finally, Wells Fargo & Company boosted their price objective on Cousins Properties from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $33.11.

Cousins Properties Price Performance

Cousins Properties stock opened at $30.12 on Monday. The firm has a market cap of $4.76 billion, a P/E ratio of 91.28, a P/E/G ratio of 3.94 and a beta of 1.29. The stock’s 50 day moving average is $30.45 and its 200 day moving average is $29.54. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17. Cousins Properties has a one year low of $21.58 and a one year high of $32.55.

Cousins Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, January 3rd were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend was Friday, January 3rd. Cousins Properties’s payout ratio is currently 387.88%.

Institutional Investors Weigh In On Cousins Properties

A number of hedge funds and other institutional investors have recently modified their holdings of CUZ. Principal Financial Group Inc. boosted its holdings in shares of Cousins Properties by 11.1% during the fourth quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust’s stock worth $413,375,000 after purchasing an additional 1,350,352 shares during the period. State Street Corp lifted its holdings in Cousins Properties by 0.6% in the 3rd quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust’s stock worth $224,251,000 after buying an additional 48,668 shares during the period. Geode Capital Management LLC grew its position in shares of Cousins Properties by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,864,177 shares of the real estate investment trust’s stock worth $84,457,000 after buying an additional 36,727 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Cousins Properties by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,488,358 shares of the real estate investment trust’s stock valued at $73,357,000 after buying an additional 82,521 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Cousins Properties by 3,768.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,337,416 shares of the real estate investment trust’s stock valued at $68,907,000 after acquiring an additional 2,276,986 shares in the last quarter. Institutional investors own 94.38% of the company’s stock.

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.