Cousins Properties (NYSE:CUZ) Given New $33.00 Price Target at Truist Financial

Cousins Properties (NYSE:CUZ) had its target price boosted by Truist Financial from $30.00 to $33.00 in a research report released on Wednesday morning,Benzinga reports. Truist Financial currently has a buy rating on the real estate investment trust’s stock.

Other research analysts also recently issued reports about the company. Robert W. Baird raised their price objective on Cousins Properties from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Evercore ISI lifted their price target on shares of Cousins Properties from $29.00 to $30.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Barclays raised their price target on Cousins Properties from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Wells Fargo & Company lifted their price objective on Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Finally, KeyCorp raised Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective for the company in a research report on Tuesday. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Cousins Properties has an average rating of “Moderate Buy” and a consensus target price of $33.14.

Cousins Properties Stock Up 1.4 %

CUZ opened at $30.24 on Wednesday. The company has a market capitalization of $4.78 billion, a PE ratio of 91.64, a price-to-earnings-growth ratio of 4.02 and a beta of 1.29. The business has a 50-day moving average of $31.03 and a 200-day moving average of $27.94. 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 fifty-two week low of $21.58 and a fifty-two week high of $32.55.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.60). Cousins Properties had a return on equity of 1.14% and a net margin of 6.17%. The business had revenue of $209.21 million for the quarter, compared to analyst estimates of $212.54 million. During the same quarter last year, the company earned $0.65 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities research analysts forecast that Cousins Properties will post 2.68 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.23%. Cousins Properties’s dividend payout ratio is currently 387.88%.

Institutional Investors Weigh In On Cousins Properties

Institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC increased its stake in Cousins Properties by 49.7% in the third quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 438 shares during the period. Federated Hermes Inc. grew its stake in shares of Cousins Properties by 2.2% in the 2nd quarter. Federated Hermes Inc. now owns 23,534 shares of the real estate investment trust’s stock valued at $545,000 after purchasing an additional 501 shares during the period. Signaturefd LLC raised its holdings in shares of Cousins Properties by 30.8% in the 3rd quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 651 shares in the last quarter. Texas Permanent School Fund Corp raised its stake in Cousins Properties by 0.6% during the second quarter. Texas Permanent School Fund Corp now owns 133,620 shares of the real estate investment trust’s stock worth $3,093,000 after acquiring an additional 790 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Cousins Properties by 130.8% in the 2nd quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 858 shares in the last quarter. Institutional investors and hedge funds 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.