Wall Street Zen upgraded shares of Cousins Properties (NYSE:CUZ – Free Report) from a sell rating to a hold rating in a report released on Saturday.
Other analysts have also recently issued research reports about the company. Wells Fargo & Company lifted their price objective on Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Barclays upped their target price on Cousins Properties from $28.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Evercore reaffirmed an “outperform” rating and set a $34.00 price target on shares of Cousins Properties in a research note on Monday, July 6th. Truist Financial lifted their price target on Cousins Properties from $24.00 to $30.00 and gave the company a “hold” rating in a report on Friday, June 26th. Finally, Weiss Ratings raised Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Cousins Properties currently has an average rating of “Moderate Buy” and an average price target of $30.91.
View Our Latest Analysis on Cousins Properties
Cousins Properties Stock Down 0.4%
Cousins Properties (NYSE:CUZ – Get Free Report) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.58). Cousins Properties had a net margin of 0.62% and a return on equity of 0.14%. The company had revenue of $268.53 million for the quarter, compared to analyst estimates of $263.55 million. During the same period last year, the business earned $0.70 EPS. The company’s quarterly revenue was up 11.8% on a year-over-year basis. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. On average, equities analysts anticipate that Cousins Properties will post 2.96 earnings per share for the current fiscal year.
Cousins Properties Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Monday, July 6th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, July 6th. Cousins Properties’s dividend payout ratio is 3,200.00%.
Institutional Trading of Cousins Properties
Several hedge funds and other institutional investors have recently bought and sold shares of CUZ. Farther Finance Advisors LLC raised its position in shares of Cousins Properties by 128.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,232 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 692 shares during the last quarter. Avalon Trust Co acquired a new stake in Cousins Properties during the first quarter worth about $39,000. Arax Advisory Partners bought a new position in Cousins Properties during the fourth quarter valued at about $39,000. Clearstead Advisors LLC raised its holdings in Cousins Properties by 176.1% in the 4th quarter. Clearstead Advisors LLC now owns 1,803 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 1,150 shares in the last quarter. Finally, Elevation Wealth Partners LLC lifted its position in shares of Cousins Properties by 92.3% in the 2nd quarter. Elevation Wealth Partners LLC now owns 1,573 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 755 shares during the period. 94.38% of the stock is currently owned by institutional investors and hedge funds.
About Cousins Properties
Cousins Properties Incorporated (NYSE: CUZ) is a publicly traded real estate investment trust (REIT) specializing in the development, acquisition and management of high-quality office and mixed-use properties. Headquartered in Atlanta, the company focuses on urban infill and suburban markets across the Sun Belt, with a strong presence in metropolitan areas such as Atlanta, Austin, Charlotte, Nashville, Orlando and Tampa. Its core activities encompass full-service property leasing, asset management and construction oversight, serving a diverse mix of corporate and institutional tenants.
Founded in 1958 as a privately held real estate concern, Cousins Properties completed its initial public offering in 1992.
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