Cousins Properties (NYSE:CUZ – Get Rating) had its price target lowered by Barclays from $43.00 to $36.00 in a report published on Tuesday morning, The Fly reports. The brokerage currently has an overweight rating on the real estate investment trust's stock.
Other analysts also recently issued reports about the company. BMO Capital Markets assumed coverage on Cousins Properties in a report on Monday. They issued an outperform rating and a $29.00 price target for the company. JPMorgan Chase & Co. lowered their price target on Cousins Properties to $29.00 in a report on Thursday, December 1st. Truist Financial lowered their target price on Cousins Properties to $28.00 in a research note on Wednesday, November 16th. Wells Fargo & Company raised their target price on Cousins Properties from $26.00 to $27.00 and gave the company an overweight rating in a research note on Tuesday, November 22nd. Finally, StockNews.com initiated coverage on Cousins Properties in a research note on Wednesday, October 12th. They set a hold rating for the company. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Cousins Properties currently has a consensus rating of Moderate Buy and an average target price of $29.57.
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Cousins Properties Stock Up 1.9 %
Shares of NYSE CUZ opened at $25.65 on Tuesday. Cousins Properties has a 12-month low of $21.72 and a 12-month high of $42.41. The company has a market cap of $3.88 billion, a P/E ratio of 12.39, a P/E/G ratio of 2.51 and a beta of 1.09. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.49. The stock has a fifty day moving average price of $24.24 and a 200 day moving average price of $27.30.
Cousins Properties Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Wednesday, October 5th were paid a dividend of $0.32 per share. The ex-dividend date was Tuesday, October 4th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.99%. Cousins Properties's dividend payout ratio is presently 61.84%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Asset Dedication LLC acquired a new position in shares of Cousins Properties during the third quarter valued at approximately $25,000. Ellevest Inc. increased its stake in shares of Cousins Properties by 8,100.0% during the third quarter. Ellevest Inc. now owns 1,148 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 1,134 shares during the period. Spirit of America Management Corp NY acquired a new position in shares of Cousins Properties during the second quarter valued at approximately $29,000. Janiczek Wealth Management LLC increased its stake in shares of Cousins Properties by 285.9% during the second quarter. Janiczek Wealth Management LLC now owns 961 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 712 shares during the period. Finally, CWM LLC increased its stake in shares of Cousins Properties by 461.1% during the third quarter. CWM LLC now owns 1,285 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 1,056 shares during the period. Institutional investors and hedge funds own 95.94% of the company's stock.
About Cousins Properties
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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.
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