Evercore ISI Reiterates Buy Rating for Cousins Properties
Evercore ISI Group keeps its buy rating on Cousins Properties with a $32 price target, a 15.48% upside from the current price.
Key Points
- Evercore ISI Group reiterated its buy rating on Cousins Properties with a price target of $32 on June 15, 2026.
- Evercore ISI Group's $32 price target implies 15.48% upside from Cousins Properties Incorporated's ($CUZ) current $27.71 share price.
- Cousins Properties trades at $29.01 with a market cap of $4.77 billion and a forward P/E of 96.7.
- Peers like BlackRock and Vanguard have adjusted their holdings, with BlackRock reducing its stake by 437,021 shares.
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On June 15, 2026, Evercore ISI Group reiterated its buy rating on Cousins Properties Incorporated (NYSE: CUZ), maintaining a price target of $32. The analyst behind this decision, Steve Sakwa, believes in the company's potential despite its current stock price of $29.01.
Other Institutional Activity in Cousins Properties
BlackRock, Inc. reduced its holdings in Cousins Properties by 437,021 shares, ending with 23,782,749 shares valued at about $536.8 million. Vanguard Portfolio Management LLC made a significant move by acquiring 16,478,888 shares, now holding shares worth approximately $371.9 million. Meanwhile, Principal Financial Group Inc. trimmed its position by 208,218 shares, leaving it with 12,681,990 shares valued at $286.2 million. State Street Corp also decreased its stake by 101,873 shares, holding 8,230,480 shares valued at $185.8 million.
Cousins Properties Incorporated Stock Down 5.9%
Shares of NYSE:CUZ are trading around $29.01. The company has a market cap of $4.77 billion and a forward P/E ratio of 96.7, indicating high expectations for future earnings. The stock's beta is 1.198, suggesting it is slightly more volatile than the market. Over the past year, the stock has seen a low of $21.03 and a high of $30.80, with a 50-day moving average of $25.71 and a 200-day moving average of $25.73.
Recent Earnings
Cousins Properties reported revenue of $997.7 million, showing a growth of 4.8%. However, the company posted a net margin of -0.53% and a return on equity of -0.096%, indicating challenges in profitability. The next earnings report is expected on July 30, 2026.
Dividend
Cousins Properties offers an annual dividend rate of $1.28, yielding 4.41% with a payout ratio of 533.33%. This reflects the company's commitment to returning value to shareholders despite its financial performance.
Insider Buying and Selling at Cousins Properties Incorporated
Several insiders purchased shares on June 1, 2026. Griffin Kent Jr. bought 9,867 shares at an average price of $25.84, while Dionne Nelson and Robert Chapman each acquired 5,681 shares at $26.40. Susan Givens bought 9,070 shares at $25.91, and Dary Stone also purchased 9,867 shares at $25.84. Scott Fordham acquired 5,681 shares at $26.40, showing confidence in the company's prospects.
Analysts Set New Price Targets
On June 15, 2026, Evercore ISI Group maintained its buy rating for Cousins Properties with a $32 price target. Earlier in the month, on June 1, Wells Fargo also maintained a buy rating, setting a higher target of $34. The consensus among analysts is a strong buy, with a mean target price of $30.08 based on 12 opinions.
About Cousins Properties
Cousins Properties Incorporated is a real estate investment trust focusing on Class A office buildings in high-growth Sun Belt markets. Headquartered in Atlanta, GA, and led by CEO Michael Colin Connolly, the company has a workforce of 351 employees. It specializes in developing, acquiring, leasing, and managing high-quality real estate assets.
Bottom Line
Evercore ISI Group's reaffirmation of its buy rating for Cousins Properties highlights its confidence in the company's future performance. While the 13F filings provide a backward look at institutional activity, the analyst's target suggests potential growth. Investors often watch these ratings for insights into a stock's prospects, but they should remember that such ratings are one piece of the investment puzzle.
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