Cousins Properties Incorporated (NYSE:CUZ - Get Free Report) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 5,440,000 shares, an increase of 19.0% from the February 13th total of 4,570,000 shares. Currently, 3.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,420,000 shares, the days-to-cover ratio is currently 3.8 days.
Wall Street Analyst Weigh In
Several analysts recently commented on CUZ shares. Mizuho raised Cousins Properties from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $22.00 to $30.00 in a research note on Tuesday, January 7th. StockNews.com upgraded Cousins Properties from a "sell" rating to a "hold" rating in a research report on Tuesday, March 18th. Jefferies Financial Group started coverage on Cousins Properties in a research report on Monday, March 17th. They issued a "buy" rating and a $35.00 price objective for the company. Truist Financial lifted their price objective on Cousins Properties from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Finally, KeyCorp upgraded Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 price objective for the company in a research report on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Cousins Properties has a consensus rating of "Moderate Buy" and a consensus price target of $32.89.
View Our Latest Stock Report on CUZ
Cousins Properties Trading Down 0.7 %
Shares of Cousins Properties stock traded down $0.22 during trading on Friday, reaching $29.61. 2,973,561 shares of the company were exchanged, compared to its average volume of 1,205,347. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64. Cousins Properties has a twelve month low of $21.58 and a twelve month high of $32.55. The business has a 50-day moving average price of $29.95 and a 200-day moving average price of $30.19. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 98.70, a P/E/G ratio of 2.98 and a beta of 1.28.
Cousins Properties (NYSE:CUZ - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. Sell-side analysts anticipate that Cousins Properties will post 2.76 EPS for the current fiscal year.
Cousins Properties Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd will be paid a $0.32 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.32%. Cousins Properties's payout ratio is 426.67%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CUZ. Principal Financial Group Inc. grew its stake in Cousins Properties by 3.9% in the third quarter. Principal Financial Group Inc. now owns 12,140,948 shares of the real estate investment trust's stock valued at $357,910,000 after acquiring an additional 458,387 shares during the period. Assetmark Inc. grew its stake in Cousins Properties by 19,163.0% in the third quarter. Assetmark Inc. now owns 5,201 shares of the real estate investment trust's stock valued at $153,000 after acquiring an additional 5,174 shares during the period. Atria Investments Inc acquired a new position in Cousins Properties in the third quarter valued at about $208,000. Sumitomo Mitsui Trust Group Inc. grew its stake in Cousins Properties by 368.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 781,947 shares of the real estate investment trust's stock valued at $23,052,000 after acquiring an additional 615,118 shares during the period. Finally, Victory Capital Management Inc. grew its stake in Cousins Properties by 3.7% in the third quarter. Victory Capital Management Inc. now owns 67,728 shares of the real estate investment trust's stock valued at $1,997,000 after acquiring an additional 2,418 shares during the period. 94.38% of the stock is owned by institutional investors and hedge funds.
About Cousins Properties
(
Get Free Report)
Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.
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