Streetbeat News

CUZ

Cousins Properties Incorporated

https://www.cousins.com

Industry

REIT - Office

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. The Company has a comprehensive strategy in place based on a simple platform, trophy assets and opportunistic investments.

Open

30.78

Mkt cap

4.8B

Volume

1.4M

High

30.94

P/E Ratio

90.15

52-wk high

32.44

Low

30.38

Div yield

0.04

52-wk low

19.45

Cousins Properties, focusing on premium office assets in the Sun Belt, presents a post-pandemic investment opportunity. Despite stable revenue and dividend history, concerns arise due to fluctuating funds from operations and limited cash reserves, impacting dividend consistency. Favorable market conditions exist, but significant near-term debt repayments pose challenges.

Portfolio Pulse from

November 15, 2024 | 4:00 pm

Cousins Properties, a Sunbelt-focused office REIT, has outperformed the S&P 500 with a 33.09% YTD return. Despite strong growth metrics and stable dividends, the company faces significant debt maturities in 2025 and unexplained joint venture losses.

Portfolio Pulse from

November 15, 2024 | 12:45 pm

Cousins Properties (CUZ) has seen a 30.5% increase in its stock price over the past six months. The company's high-quality office portfolio, impressive tenant roster, opportunistic investments, and strong balance sheet are positive indicators for its future performance.

Portfolio Pulse from

November 13, 2024 | 4:15 pm

Cousins Properties (CUZ) is acquiring Vantage South End in Charlotte, which is expected to enhance its presence and secure stable, long-term income in the high-demand Sun Belt market.

Portfolio Pulse from

November 08, 2024 | 4:45 pm

Cousins Properties has announced a public offering of 6,000,000 shares of its common stock, aiming to raise approximately $188 million before expenses.

Portfolio Pulse from

November 08, 2024 | 1:15 pm

Cousins Properties has announced a public offering of 6,000,000 shares to fund the purchase of an office property in Charlotte, NC.

Portfolio Pulse from

November 07, 2024 | 10:00 pm

Cousins Properties (NYSE: CUZ) is set to acquire Vantage South End, a 639,000 square foot lifestyle office property in Charlotte, for $328.5 million. The deal is expected to close in December, pending customary conditions.

Portfolio Pulse from

November 07, 2024 | 1:30 pm

Cousins Properties reported Q3 earnings per share of $0.67, meeting analyst expectations, but sales of $209.21 million missed estimates by 1.70%. Despite the sales miss, both earnings and sales showed year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 8:19 pm

Cousins Properties (NYSE:CUZ) has received varied analyst ratings over the past three months, with a recent increase in average price target to $30.86. Analysts have generally raised their ratings, reflecting positive sentiment towards the company's financial performance, including revenue growth and net margin. However, challenges remain with a lower than average ROE.

Portfolio Pulse from Benzinga Insights

October 10, 2024 | 3:00 pm

Barclays analyst Anthony Powell maintains an Overweight rating on Cousins Properties (NYSE:CUZ) and raises the price target from $30 to $35.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 2:18 pm

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