Fintel reports that on September 12, 2023, Keybanc initiated coverage of Cousins Properties (NYSE:CUZ) with a Underweight recommendation.
Analyst Price Forecast Suggests 17.22% Upside
As of August 31, 2023, the average one-year price target for Cousins Properties is 26.63. The forecasts range from a low of 22.22 to a high of $30.45. The average price target represents an increase of 17.22% from its latest reported closing price of 22.72.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Cousins Properties is 812MM, an increase of 1.53%. The projected annual non-GAAP EPS is 0.53.
Cousins Properties Declares $0.32 Dividend
On June 20, 2023 the company declared a regular quarterly dividend of $0.32 per share ($1.28 annualized). Shareholders of record as of July 6, 2023 received the payment on July 17, 2023. Previously, the company paid $0.32 per share.
At the current share price of $22.72 / share, the stock's dividend yield is 5.63%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.83%, the lowest has been 2.62%, and the highest has been 6.50%. The standard deviation of yields is 0.97 (n=236).
The current dividend yield is 1.86 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 1.30. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.07%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 620 funds or institutions reporting positions in Cousins Properties. This is a decrease of 25 owner(s) or 3.88% in the last quarter. Average portfolio weight of all funds dedicated to CUZ is 0.19%, a decrease of 2.94%. Total shares owned by institutions decreased in the last three months by 1.84% to 175,747K shares. 
The put/call ratio of CUZ is 2.13, indicating a bearish outlook.
What are Other Shareholders Doing?
Cohen & Steers holds 16,649K shares representing 10.97% ownership of the company. In it's prior filing, the firm reported owning 16,757K shares, representing a decrease of 0.65%. The firm increased its portfolio allocation in CUZ by 3.32% over the last quarter.
Principal Financial Group holds 10,789K shares representing 7.11% ownership of the company. In it's prior filing, the firm reported owning 10,758K shares, representing an increase of 0.28%. The firm decreased its portfolio allocation in CUZ by 0.94% over the last quarter.
APG Asset Management US holds 8,531K shares representing 5.62% ownership of the company. In it's prior filing, the firm reported owning 8,413K shares, representing an increase of 1.38%. The firm increased its portfolio allocation in CUZ by 5.80% over the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 6,655K shares representing 4.38% ownership of the company. In it's prior filing, the firm reported owning 6,751K shares, representing a decrease of 1.44%. The firm decreased its portfolio allocation in CUZ by 13.11% over the last quarter.
CSEIX - Cohen & Steers Real Estate Securities Fund holds 5,015K shares representing 3.30% ownership of the company. In it's prior filing, the firm reported owning 5,015K shares, representing an increase of 0.00%. The firm increased its portfolio allocation in CUZ by 5.16% over the last quarter.
Cousins Properties Background Information
(This description is provided by the company.)
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 buildings 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. The Company has a comprehensive strategy in place based on a simple platform, trophy assets, and opportunistic investments.
Additional reading:
- • • • • • • • • • • • • • • • • • • 5 CLASS A ASKING RENT ($/SF)1 SUN BELT MIGRATION U.S. OFFICE PERFORMANCE COUSINS PORTFOLIO PERFORMANCE SELECT RETURN TO WORK MANDATES1 U.S. EMPLOYEES SUBJECT TO NEWLY EFFECTIVE RTO MANDATES1 LEASE EXPIRATIONS BY YE
- BYLAWS OF COUSINS PROPERTIES INCORPORATED (Amended and Restated as of July 25, 2023) Article I.
- TABLE OF CONTENTS
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
