Cousins Properties Inc (CUZ) Receives $10.38 Consensus Target Price from Brokerages

Shares of Cousins Properties Inc (NYSE:CUZ) have earned a consensus recommendation of “Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $10.38.

Several research firms have commented on CUZ. Zacks Investment Research raised shares of Cousins Properties from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Thursday, March 7th. Bank of America set a $11.00 price target on shares of Cousins Properties and gave the company a “buy” rating in a report on Tuesday, March 5th.

Shares of NYSE CUZ traded up $0.13 during mid-day trading on Friday, reaching $9.66. 160,613 shares of the company were exchanged, compared to its average volume of 5,621,298. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $4.08 billion, a PE ratio of 15.21, a P/E/G ratio of 3.93 and a beta of 1.00. Cousins Properties has a twelve month low of $7.53 and a twelve month high of $10.10.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Wednesday, February 6th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $122.68 million during the quarter, compared to analysts’ expectations of $118.30 million. Cousins Properties had a net margin of 16.76% and a return on equity of 2.81%. Cousins Properties’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 EPS. As a group, analysts predict that Cousins Properties will post 0.7 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Wednesday, April 3rd will be given a dividend of $0.0725 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Tuesday, April 2nd. This is an increase from Cousins Properties’s previous quarterly dividend of $0.07. Cousins Properties’s payout ratio is presently 46.03%.

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its holdings in Cousins Properties by 7.2% during the fourth quarter. Geode Capital Management LLC now owns 5,572,920 shares of the real estate investment trust’s stock worth $44,025,000 after buying an additional 373,383 shares during the last quarter. Norges Bank acquired a new position in Cousins Properties during the fourth quarter worth $37,742,000. Nordea Investment Management AB raised its holdings in Cousins Properties by 0.9% during the fourth quarter. Nordea Investment Management AB now owns 173,000 shares of the real estate investment trust’s stock worth $1,367,000 after buying an additional 1,500 shares during the last quarter. UBS Oconnor LLC acquired a new position in Cousins Properties during the fourth quarter worth $4,479,000. Finally, Millennium Management LLC grew its stake in shares of Cousins Properties by 92.9% in the 4th quarter. Millennium Management LLC now owns 1,062,072 shares of the real estate investment trust’s stock worth $8,390,000 after acquiring an additional 511,364 shares in the last quarter.

About Cousins Properties

Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets.

Recommended Story: Leveraged Buyout (LBO)

Receive News & Ratings for Cousins Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cousins Properties and related companies with's FREE daily email newsletter.