Cousins Properties Incorporated (NYSE: CUZ) has been given a consensus recommendation of “Moderate Buy” by analysts covering the company, according to a report from MarketBeat. Of the seven ratings firms currently covering the stock, one has rated it a sell, one has given it a hold, and five have issued a buy recommendation. The average twelve-month target price among these brokerages is $26.33.
Several equities analysts have shared their views on Cousins Properties. StockNews.com initiated coverage on the company, giving it a “hold” rating. Evercore ISI raised its price target from $25.00 to $28.00 and gave the stock an “outperform” rating. On the other hand, Truist Financial reduced its target price from $28.00 to $27.00. Barclays raised its price target from $28.00 to $29.00 and assigned an “overweight” rating to the company.
Shares of Cousins Properties opened at $22.91 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.90, and a current ratio of 0.90. Its 50-day moving average price is $23.05, while the two-hundred-day moving average price is $22.19. With a market capitalization of $3.48 billion, Cousins Properties has a price-to-earnings ratio of 23.14 and a beta of 1.16. Over the past year, the stock has traded between a low of $18.06 and a high of $28.77.
Cousins Properties recently declared a quarterly dividend, with shareholders of record on July 6th receiving a $0.32 dividend. The ex-dividend date was July 5th. This represents an annualized dividend of $1.28 and a yield of 5.59%. The company’s payout ratio is currently 129.29%.
During the second quarter, several hedge funds and institutional investors made changes to their positions in Cousins Properties. Wolverine Trading LLC purchased a new position valued at approximately $206,000, while Virginia Retirement Systems ET AL acquired a stake worth approximately $2,567,000. Teachers Retirement System of The State of Kentucky increased its stake by 10.3% in the second quarter, and Imprint Wealth LLC purchased a stake worth about $2,850,000. Finally, Natixis Advisors L.P. increased its stake by 54.3% in the same period.
Cousins Properties, based in Atlanta, GA, is a fully integrated and self-managed real estate investment trust (REIT). The company mainly invests in Class A office buildings located in high-growth Sun Belt markets.
– Evercore ISI
– Truist Financial
– Wolverine Trading LLC
– Virginia Retirement Systems ET AL
– Teachers Retirement System of The State of Kentucky
– Imprint Wealth LLC
– Natixis Advisors L.P.