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Cousins Properties Incorporated (NYSE:CUZ) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

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Shares of Cousins Properties Incorporated (NYSE:CUZ - Get Free Report) have earned an average recommendation of "Moderate Buy" from the nine analysts that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $33.11.

A number of research firms recently commented on CUZ. Evercore ISI upped their price objective on Cousins Properties from $29.00 to $30.00 and gave the company an "in-line" rating in a research report on Monday, September 16th. Jefferies Financial Group raised shares of Cousins Properties from a "hold" rating to a "buy" rating and upped their price target for the company from $33.00 to $36.00 in a research report on Thursday, January 2nd. Mizuho raised shares of Cousins Properties from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from $22.00 to $30.00 in a report on Tuesday. StockNews.com cut shares of Cousins Properties from a "hold" rating to a "sell" rating in a report on Thursday. Finally, BMO Capital Markets downgraded shares of Cousins Properties from an "outperform" rating to a "market perform" rating and increased their price target for the stock from $31.00 to $32.00 in a research report on Tuesday, December 3rd.

Read Our Latest Research Report on CUZ

Institutional Investors Weigh In On Cousins Properties

Institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC boosted its stake in shares of Cousins Properties by 27.9% in the second quarter. Commonwealth Equity Services LLC now owns 14,293 shares of the real estate investment trust's stock worth $331,000 after acquiring an additional 3,120 shares during the period. Rhumbline Advisers boosted its stake in Cousins Properties by 0.7% in the 2nd quarter. Rhumbline Advisers now owns 452,191 shares of the real estate investment trust's stock worth $10,468,000 after purchasing an additional 2,972 shares during the period. Victory Capital Management Inc. grew its holdings in Cousins Properties by 98.1% during the 2nd quarter. Victory Capital Management Inc. now owns 65,310 shares of the real estate investment trust's stock valued at $1,512,000 after buying an additional 32,336 shares in the last quarter. Arizona State Retirement System raised its position in shares of Cousins Properties by 2.1% during the second quarter. Arizona State Retirement System now owns 42,573 shares of the real estate investment trust's stock valued at $986,000 after buying an additional 862 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Cousins Properties by 46.4% during the second quarter. Acadian Asset Management LLC now owns 6,086 shares of the real estate investment trust's stock valued at $140,000 after buying an additional 1,928 shares during the last quarter. Hedge funds and other institutional investors own 94.38% of the company's stock.

Cousins Properties Stock Performance

Shares of NYSE:CUZ traded down $1.06 during midday trading on Friday, reaching $28.54. 1,163,122 shares of the company's stock traded hands, compared to its average volume of 1,370,502. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.17. Cousins Properties has a one year low of $21.58 and a one year high of $32.55. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 86.48, a P/E/G ratio of 4.02 and a beta of 1.29. The stock has a 50 day moving average of $30.79 and a 200 day moving average of $28.65.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.60). Cousins Properties had a net margin of 6.17% and a return on equity of 1.14%. The company had revenue of $209.21 million for the quarter, compared to the consensus estimate of $212.54 million. During the same quarter in the prior year, the company posted $0.65 EPS. Cousins Properties's revenue was up 5.2% on a year-over-year basis. As a group, equities research analysts anticipate that Cousins Properties will post 2.68 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.32 per share. The ex-dividend date is Friday, January 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.48%. Cousins Properties's payout ratio is 387.88%.

Cousins Properties Company Profile

(Get Free Report

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.

See Also

Analyst Recommendations for Cousins Properties (NYSE:CUZ)

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