Cousins Properties (NYSE:CUZ) Price Target Lowered to $35.00 at Barclays

Cousins Properties (NYSE:CUZ - Free Report) had its target price cut by Barclays from $36.00 to $35.00 in a research note released on Monday morning,Benzinga reports. They currently have an overweight rating on the real estate investment trust's stock.

CUZ has been the subject of a number of other research reports. Truist Financial increased their price objective on shares of Cousins Properties from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Robert W. Baird increased their price target on shares of Cousins Properties from $33.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. BMO Capital Markets downgraded Cousins Properties from an "outperform" rating to a "market perform" rating and lifted their price objective for the company from $31.00 to $32.00 in a report on Tuesday, December 3rd. KeyCorp raised Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 target price for the company in a report on Tuesday, December 17th. Finally, Mizuho raised Cousins Properties from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $22.00 to $30.00 in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Cousins Properties has a consensus rating of "Moderate Buy" and an average target price of $33.11.

Cousins Properties Stock Performance

Shares of NYSE:CUZ traded up $0.47 during trading on Monday, hitting $30.62. 1,797,903 shares of the stock were exchanged, compared to its average volume of 1,122,705. The company's fifty day simple moving average is $30.38 and its 200-day simple moving average is $29.59. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 92.80, a price-to-earnings-growth ratio of 3.94 and a beta of 1.29. Cousins Properties has a 1-year low of $21.58 and a 1-year high of $32.55.

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, January 3rd were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.18%. Cousins Properties's dividend payout ratio (DPR) is presently 387.88%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CUZ. Arizona State Retirement System lifted its position in shares of Cousins Properties by 0.8% during the fourth quarter. Arizona State Retirement System now owns 44,154 shares of the real estate investment trust's stock worth $1,353,000 after purchasing an additional 366 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Cousins Properties in the 4th quarter valued at $724,000. Cbre Investment Management Listed Real Assets LLC boosted its position in Cousins Properties by 270.0% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 351,729 shares of the real estate investment trust's stock valued at $10,777,000 after buying an additional 256,679 shares during the last quarter. Assetmark Inc. increased its stake in shares of Cousins Properties by 15.3% in the 4th quarter. Assetmark Inc. now owns 5,995 shares of the real estate investment trust's stock valued at $184,000 after buying an additional 794 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Cousins Properties by 15.2% during the fourth quarter. Victory Capital Management Inc. now owns 78,011 shares of the real estate investment trust's stock valued at $2,390,000 after acquiring an additional 10,283 shares during the period. Institutional investors and hedge funds own 94.38% of the company's stock.

About Cousins Properties

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.