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.
IPO Year:
Exchange: NYSE
Website: cousins.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/20/2024 | $29.00 → $29.00 | Outperform → In-line | Evercore ISI |
| 12/18/2023 | $26.00 → $27.00 | Neutral → Overweight | JP Morgan |
| 9/15/2023 | $27.00 → $28.00 | Hold → Buy | Truist |
| 9/12/2023 | $19.00 | Underweight | KeyBanc Capital Markets |
| 4/20/2023 | $21.00 | Hold | Jefferies |
| 1/4/2023 | $29.00 → $22.00 | Neutral → Underperform | Mizuho |
| 12/13/2022 | $29.00 | Outperform | BMO Capital Markets |
| 10/3/2022 | $29.00 | Outperform | Evercore ISI |
| 7/1/2022 | Peer Perform | Wolfe Research | |
| 4/22/2022 | $41.00 | Neutral | Mizuho |
ATLANTA, Nov. 8, 2024 /PRNewswire/ -- Cousins Properties Incorporated (the "Company") (NYSE:CUZ) today announced that it has priced an underwritten public offering of 6,000,000 shares of its common stock. 6,000,000 shares are being offered by the Company for expected gross proceeds of approximately $188 million before underwriting discounts and estimated offering expenses payable by the Company. Subject to customary conditions, the offering is expected to close on November 12, 2024. BofA Securities served as the sole book-running manager for the offering. This offering will be made pursuant to a prospectus supplement to the Company's prospectus dated May 8, 2024, filed as part of the Comp
ATLANTA, Nov. 7, 2024 /PRNewswire/ -- Cousins Properties Incorporated (the "Company") (NYSE:CUZ) today announced that it has commenced an underwritten public offering of 6,000,000 shares of its common stock. The Company intends to use the net proceeds of the offering to fund a portion of the purchase price of an office property in Charlotte, North Carolina. If this acquisition is not consummated, the net proceeds will be used for general corporate purposes, including the acquisition and development of office properties, other opportunistic investments and the repayment of debt. BofA Securities will serve as the sole book-running manager for the offering. This offering will be made pursuant
ATLANTA, Nov. 7, 2024 /PRNewswire/ -- Cousins Properties (NYSE:CUZ) announced today that it is under contract to acquire Vantage South End, a 639,000 square foot lifestyle office property in Charlotte, for $328.5 million. The transaction is expected to close in December, subject to customary closing conditions. Vantage South End is located in the heart of the dynamic South End submarket and is approximately two blocks away from Cousins' existing RailYard property as well as its South End Station development parcel. The property is comprised of two office towers, which were completed in 2021 and 2022, and is currently 97% leased with a weighted average lease term of over nine years. "We
ATLANTA, Oct. 24, 2024 /PRNewswire/ -- Cousins Properties (NYSE:CUZ) has released its third quarter 2024 results. Please visit the Investor Relations section of Cousins' website at www.cousins.com to access the Earnings Release and Supplemental Information. Cousins will hold a conference call at 10:00 a.m. (Eastern Time) on Friday, October 25, 2024 to discuss its results. The phone number for the conference call is (800) 836-8184. A replay of the conference call will be available for seven days at (888) 660-6345, passcode 26432#. A webcast of the conference call can be accessed on Cousins' website through the "Cousins Properties Third Quarter Conference Call" link in the Investor Relations
ATLANTA, Oct. 2, 2024 /PRNewswire/ -- Cousins Properties (NYSE:CUZ) announced today that it will release its third quarter 2024 earnings after the market closes on Thursday, October 24, 2024. Cousins will hold its third quarter 2024 earnings conference call on Friday, October 25, 2024 at 10:00 a.m. (Eastern Time). The number for this call is (800) 836-8184. The live webcast of this call can be accessed on the Company's website, www.cousins.com, through the "Cousins Properties Third Quarter Conference Call" link on the Investor Relations page. A playback will be available shortly after the call on Friday, October 25, 2024 and run through Friday, November 1, 2024. The number for the playback
ATLANTA, Sept. 17, 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 third quarter of 2024. The third quarter dividend will be payable on October 15, 2024 to common shareholders of record on October 3, 2024. About Cousins Properties 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
ATLANTA, Sept. 5, 2024 /PRNewswire/ -- Cousins Properties (NYSE:CUZ) announced today that a Fortune 100 technology company has signed a 320,000 square foot lease for all of its Domain 12 property in Austin. This customer, new to the Cousins portfolio, will assume the existing lease at Domain 12 from Meta Platforms and extend the lease maturity from 2031 to 2040. The lease assumption will be effective January 1, 2026. Domain 12, delivered in 2020, is located directly adjacent to The Domain's main dining and entertainment district. The lifestyle office property is equipped with its own café, outdoor terraces, fitness center, bike storage, and has direct access to numerous hiking and bike trai
ATLANTA, Aug. 13, 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 $500 million aggregate principal amount of 5.875% senior unsecured notes due 2034 at 99.708% of the principal amount. The offering is expected to close on August 16, 2024, subject to the satisfaction of customary closing conditions. Cousins intends to use the net proceeds from the offering to repay revolving loans outstanding under its credit facility, with any remaining amount being used for working capital, capital expenditures and other general corporate
ATLANTA, Aug. 1, 2024 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) and Town Lane announced today they have acquired Proscenium, a 526,000 square foot Class A office building located in the Midtown submarket of Atlanta, GA for approximately $83 million. Town Lane and Cousins (the Ownership) completed the all-cash transaction through a newly formed joint venture with Town Lane owning 80% of the venture and Cousins owning the remaining 20%. Cousins will provide property management and leasing services. Proscenium, located at the intersection of 14th and Peachtree streets, is in the heart of Midtown, a business and lifestyle district, which is surrounded by walkable amenities including numer
Town Lane and Cousins Properties (NYSE:CUZ) announced today they have acquired Proscenium, a 526,000 square foot Class A office building located in the Midtown submarket of Atlanta, GA for approximately $83 million. Town Lane and Cousins (the Ownership) completed the all-cash transaction through a newly formed joint venture with Town Lane owning 80% of the venture and Cousins owning the remaining 20%. Cousins will provide property management and leasing services. Proscenium, located at the intersection of 14th and Peachtree streets, is in the heart of Midtown, a business and lifestyle district, which is surrounded by walkable amenities including numerous restaurants, high quality retail,
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ATLANTA, April 1, 2021 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced that Daniel M. DuPree, the Company's Executive Chairman of the Board, has elected not to stand for re-election at the Company's 2021 Annual Stockholders Meeting and to retire from the Board of Directors (the "Board"), effective on June 3, 2021, the date of the Annual Stockholders Meeting. Mr. DuPree, age 74, has served on the Board of PAC since the Company's IPO in 2011 and has served as Executive Chairman of the Board since January 2020. Previously, he served as Chairman of the Board and Chief Executive Officer from April 2018 to December 2019, and as Vice Chai
ATLANTA, Oct. 24, 2024 /PRNewswire/ -- Cousins Properties (NYSE:CUZ) has released its third quarter 2024 results. Please visit the Investor Relations section of Cousins' website at www.cousins.com to access the Earnings Release and Supplemental Information. Cousins will hold a conference call at 10:00 a.m. (Eastern Time) on Friday, October 25, 2024 to discuss its results. The phone number for the conference call is (800) 836-8184. A replay of the conference call will be available for seven days at (888) 660-6345, passcode 26432#. A webcast of the conference call can be accessed on Cousins' website through the "Cousins Properties Third Quarter Conference Call" link in the Investor Relations
ATLANTA, Oct. 2, 2024 /PRNewswire/ -- Cousins Properties (NYSE:CUZ) announced today that it will release its third quarter 2024 earnings after the market closes on Thursday, October 24, 2024. Cousins will hold its third quarter 2024 earnings conference call on Friday, October 25, 2024 at 10:00 a.m. (Eastern Time). The number for this call is (800) 836-8184. The live webcast of this call can be accessed on the Company's website, www.cousins.com, through the "Cousins Properties Third Quarter Conference Call" link on the Investor Relations page. A playback will be available shortly after the call on Friday, October 25, 2024 and run through Friday, November 1, 2024. The number for the playback
ATLANTA, Sept. 17, 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 third quarter of 2024. The third quarter dividend will be payable on October 15, 2024 to common shareholders of record on October 3, 2024. About Cousins Properties 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
ATLANTA, Aug. 13, 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 $500 million aggregate principal amount of 5.875% senior unsecured notes due 2034 at 99.708% of the principal amount. The offering is expected to close on August 16, 2024, subject to the satisfaction of customary closing conditions. Cousins intends to use the net proceeds from the offering to repay revolving loans outstanding under its credit facility, with any remaining amount being used for working capital, capital expenditures and other general corporate
ATLANTA, July 25, 2024 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) has released its second quarter 2024 results. Please visit the Investor Relations section of Cousins' website at www.cousins.com to access the Earnings Release and Supplemental Information. Cousins will hold a conference call at 10:00 a.m. (Eastern Time) on Friday, July 26, 2024 to discuss its results. The phone number for the conference call is (800) 836-8184. A replay of the conference call will be available for seven days at (888) 660-6345, passcode 43599#. A webcast of the conference call can be accessed on Cousins' website through the "Cousins Properties Second Quarter Conference Call" link in the Investor Relations
ATLANTA, June 27, 2024 /PRNewswire/ -- Cousins Properties (NYSE:CUZ) announced today that it will release its second quarter 2024 earnings after the market closes on Thursday, July 25, 2024. Cousins will hold its second quarter 2024 earnings conference call on Friday, July 26, 2024 at 10:00 a.m. (Eastern Time). The number for this call is (800) 836-8184. The live webcast of this call can be accessed on the Company's website, www.cousins.com, through the "Cousins Properties Second Quarter Conference Call" link on the Investor Relations page. A playback will be available shortly after the call on Friday, July 26, 2024 and run through Friday, August 2, 2024. The number for the playback is (888
ATLANTA, June 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 second quarter of 2024. The second quarter dividend will be payable on July 15, 2024 to common shareholders of record on July 3, 2024. About Cousins Properties 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 throu
ATLANTA, April 25, 2024 /PRNewswire/ -- Cousins Properties (NYSE:CUZ) has released its first quarter 2024 results. Please visit the Investor Relations section of Cousins' website at www.cousins.com to access the Earnings Release and Supplemental Information. Cousins will hold a conference call at 10:00 a.m. (Eastern Time) on Friday, April 26, 2024 to discuss its results. The phone number for the conference call is (800) 836-8184. A replay of the conference call will be available for seven days at (888) 660-6345, passcode 19613#. A webcast of the conference call can be accessed on Cousins' website through the "Cousins Properties First Quarter Conference Call" link in the Investor Relations s
ATLANTA, March 28, 2024 /PRNewswire/ -- Cousins Properties (NYSE:CUZ) announced today that it will release its first quarter 2024 earnings after the market closes on Thursday, April 25, 2024. Cousins will hold its first quarter 2024 earnings conference call on Friday, April 26, 2024 at 10:00 a.m. (Eastern Time). The number for this call is (800) 836-8184. The live webcast of this call can be accessed on the Company's website, www.cousins.com, through the "Cousins Properties First Quarter Conference Call" link on the Investor Relations page. A playback will be available shortly after the call on Friday, April 26, 2024 and run through Friday, May 3, 2024. The number for the playback is (888)
ATLANTA, March 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 first quarter of 2024. The first quarter dividend will be payable on April 15, 2024 to common shareholders of record on April 4, 2024. About Cousins Properties 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 throu
Evercore ISI downgraded Cousins Prop from Outperform to In-line and set a new price target of $29.00 from $29.00 previously
JP Morgan upgraded Cousins Prop from Neutral to Overweight and set a new price target of $27.00 from $26.00 previously
Truist upgraded Cousins Prop from Hold to Buy and set a new price target of $28.00 from $27.00 previously
KeyBanc Capital Markets initiated coverage of Cousins Prop with a rating of Underweight and set a new price target of $19.00
Jefferies initiated coverage of Cousins Prop with a rating of Hold and set a new price target of $21.00
Mizuho downgraded Cousins Prop from Neutral to Underperform and set a new price target of $22.00 from $29.00 previously
BMO Capital Markets initiated coverage of Cousins Prop with a rating of Outperform and set a new price target of $29.00
Evercore ISI initiated coverage of Cousins Prop with a rating of Outperform and set a new price target of $29.00
Wolfe Research initiated coverage of Cousins Prop with a rating of Peer Perform
Mizuho initiated coverage of Cousins Prop with a rating of Neutral and set a new price target of $41.00
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Cousins Props (NYSE:CUZ) reported quarterly FFO of $0.65 per share which beat the analyst consensus estimate of $0.64 by 1.56 percent. The company reported quarterly sales of $209.241 million which beat the analyst consensus estimate of $199.473 million by 4.90 percent. This is a 3.21 percent increase over sales of $202.728 million the same period last year.
Barclays analyst Anthony Powell maintains Cousins Props (NYSE:CUZ) with a Overweight and lowers the price target from $29 to $25.
Cousins Props (NYSE:CUZ) reported quarterly earnings of $0.65 per share which beat the analyst consensus estimate of $0.64 by 1.56 percent. The company reported quarterly sales of $196.98 million which missed the analyst consensus estimate of $198.61 million by 0.82 percent. This is a 1.25 percent increase over sales of $194.54 million the same period last year.
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Truist Securities analyst Michael Lewis maintains Cousins Props (NYSE:CUZ) with a Buy and lowers the price target from $27 to $26.
Tuesday marks the last chance for investors to receive the next dividend payout from Cousins Props (NYSE:CUZ). What's Happening The company announced on Tuesday that it would pay shareholders a quarterly dividend of 32 cents per share. On Wednesday, Cousins Props will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 32 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own CUZ as of the end of Tuesday's session are eligible to receive the 32 cents dividend pa
According to Rich Hill, head of Real Estate Strategy at Cohen & Steers Inc (NYSE:CNS), the REIT sector is on the brink of a significant upswing in 2024. Hill points to a confluence of factors that are set to propel growth beyond historical averages, with the declining trend in both nominal and real interest rates playing a pivotal role in boosting the sector’s performance. In a Wednesday appearance on CNBC's ‘Squawk Box,' Hill expanded on these views, discussing the real estate landscape for 2024, the impact of interest rates on REITs, and other key factors influencing the sector. The current environment, characterized by improving credit markets and tightening credit spreads, further
Truist Securities analyst Michael Lewis maintains Cousins Props (NYSE:CUZ) with a Buy and lowers the price target from $28 to $27.
JP Morgan analyst Anthony Paolone upgrades Cousins Props (NYSE:CUZ) from Neutral to Overweight and raises the price target from $26 to $27.
Cousins Props (NYSE:CUZ) reported quarterly earnings of $0.65 per share which met the analyst consensus estimate. This is a 5.8 percent decrease over earnings of $0.69 per share from the same period last year. The company reported quarterly sales of $198.85 million which missed the analyst consensus estimate of $201.08 million by 1.11 percent. This is a 1.88 percent increase over sales of $195.17 million the same period last year.