Cousins Properties
About: Cousins Properties Inc is a real estate investment trust principally involved in the ownership, management, and development of properties in the Southern United States. Cousins Properties' real estate portfolio mainly comprises offices and mixed-use developments that encompass both apartment and retail space. Offices make up the vast majority of the portfolio in terms of total square footage. Cousins' assets are mainly located in Texas and Georgia, with North Carolina also playing host to a smaller amount of rental space. The company derives nearly all of its revenue in the form of rental income from its properties, the majority of which comes from its office locations. A diverse set of tenants in the cities of Houston and Atlanta represent the company's key markets.
Employees: 305
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
1,749% more call options, than puts
Call options by funds: $1.37M | Put options by funds: $74K
54% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 37
27% more capital invested
Capital invested by funds: $3.34B [Q2] → $4.24B (+$894M) [Q3]
14% more repeat investments, than reductions
Existing positions increased: 131 | Existing positions reduced: 115
6% more funds holding
Funds holding: 327 [Q2] → 347 (+20) [Q3]
0.91% less ownership
Funds ownership: 95.48% [Q2] → 94.56% (-0.91%) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$32
6%
upside
Avg. target
$34
11%
upside
High target
$35
16%
upside
5 analyst ratings
4 positive
80%
1 neutral
20%
0 negative
0%
Truist Securities Michael Lewis 74% 1-year accuracy 29 / 39 met price target | 9%upside $33 | Buy Maintained | 18 Dec 2024 |
Baird David Rodgers 48% 1-year accuracy 10 / 21 met price target | 12%upside $34 | Outperform Maintained | 12 Dec 2024 |
BMO Capital John Kim 71% 1-year accuracy 12 / 17 met price target | 6%upside $32 | Market Perform Downgraded | 3 Dec 2024 |
Wells Fargo Blaine Heck 57% 1-year accuracy 8 / 14 met price target | 12%upside $34 | Overweight Maintained | 4 Nov 2024 |
Barclays Anthony Powell 48% 1-year accuracy 14 / 29 met price target | 16%upside $35 | Overweight Maintained | 10 Oct 2024 |
Financial journalist opinion
Based on 15 articles about CUZ published over the past 30 days
Positive
Zacks Investment Research
2 days ago
Is it Wise to Retain Cousins Properties Stock in Your Portfolio Now?
CUZ's Class A office assets in high-growth Sunbelt markets and rising demand for premium office space are upsides, but competition and concentration risk ail.
Neutral
PRNewsWire
3 days ago
Cousins Properties Announces Its Fourth Quarter 2024 Common Stock Dividend
ATLANTA , Dec. 18, 2024 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) announced today that its Board of Directors has declared a cash dividend of $0.32 per common share for the fourth quarter of 2024. The fourth quarter dividend will be payable on January 14, 2025 to common shareholders of record on January 3, 2025.
Positive
Zacks Investment Research
3 days ago
Cousins Properties Acquires Sail Tower to Boost Austin Portfolio
CUZ acquires a trophy lifestyle office property, Sail Tower, to expand its Austin portfolio with quality assets to cater to the growing demand.
Neutral
PRNewsWire
4 days ago
Cousins Properties Closes Sail Tower Acquisition in Austin
ATLANTA , Dec. 17, 2024 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) announced today that it has completed its previously announced acquisition of Sail Tower, an 804,000 square foot trophy lifestyle office property in Austin, Texas, for a net purchase price of $521.8 million. About Cousins Properties Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT).
Neutral
Seeking Alpha
6 days ago
Fed Ahead
Ahead of the Federal Reserve's critical interest rate decision next week, U.S. equity markets snapped a three-week winning streak as benchmark interest rates jumped to the cusp of five-month highs. Lukewarm CPI and PPI inflation reports were "good enough" to solidify another Fed rate cut next week, but "sticky" trends called into question the outlook for continued easing in 2025. After setting a series of fresh record-highs in the prior week, the S&P 500 slipped 0.6% this week, but still remains on pace for its best year since 2019.
Negative
Seeking Alpha
1 week ago
Earnings Metrics Of Several U.S. Office REITs Drop In Q3
Most US office REITs ended Q3 with weaker operating metrics compared with the previous 3-month period, as demand for offices continued to drop amid higher rent. In terms of recurring EBITDA, 13 office REITs reported quarter-over-quarter declines during the third quarter, while eight recorded gains. US office REIT stocks outperformed the Dow Jones Equity All REIT Index during the third quarter as well as the S&P 500.
Neutral
PRNewsWire
1 week ago
Cousins Properties Announces Pricing of Senior Notes Offering
ATLANTA , Dec. 12, 2024 /PRNewswire/ -- Cousins Properties Incorporated (the "Company" or "Cousins") (NYSE:CUZ) announced today that its operating partnership, Cousins Properties LP (the "Operating Partnership"), has priced an offering of $400 million aggregate principal amount of 5.375% senior unsecured notes due 2032 at 99.463% of the principal amount. The offering is expected to close on December 17, 2024, subject to the satisfaction of customary closing conditions.
Positive
Seeking Alpha
1 week ago
Cash COWs And Buried Treasures: 2024 Performance Review
About a year ago, I published two proposed portfolios: Cash COWs, (high-yield and strong dividend safety), and Buried Treasures, (undervalued, high-yielding, with strong balance sheets and growth). The Cash COWs portfolio, selected for high yield and dividend safety, delivered a 6.91% cash yield with no dividend cuts, outperforming the VNQ by 242 bps. Despite not matching the S&P 500 or NASDAQ, Cash COWs performed well against the Dow Jones, S&P 400, and S&P 600 indices.
Positive
Zacks Investment Research
1 week ago
Cousins Properties to Boost Austin Portfolio With Trophy Office Asset
CUZ is set to acquire Sail Tower, a trophy lifestyle office property, and expand its Austin portfolio with quality assets to cater to the growing demand.
Neutral
PRNewsWire
1 week ago
Cousins Properties Prices Public Offering of 9,500,000 Shares of Common Stock
ATLANTA , Dec. 11, 2024 /PRNewswire/ -- Cousins Properties Incorporated (the "Company") (NYSE: CUZ) today announced that it has priced an underwritten public offering of 9,500,000 shares of its common stock. 9,500,000 shares are being offered by the Company for expected gross proceeds of approximately $284 million before underwriting discounts and estimated offering expenses payable by the Company.
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