Cousins Properties Incorporated (NYSE:CUZ - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Friday after Truist Financial raised their price target on the stock from $26.00 to $30.00. Truist Financial currently has a buy rating on the stock. Cousins Properties traded as high as $28.51 and last traded at $28.44, with a volume of 658098 shares traded. The stock had previously closed at $28.09.
Other research analysts have also issued research reports about the stock. Robert W. Baird increased their target price on shares of Cousins Properties from $29.00 to $31.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 31st. Barclays increased their price target on Cousins Properties from $25.00 to $30.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 30th. Evercore ISI reaffirmed an "in-line" rating and issued a $29.00 price objective on shares of Cousins Properties in a report on Tuesday, August 20th. Finally, StockNews.com upgraded Cousins Properties from a "sell" rating to a "hold" rating in a research report on Thursday, May 23rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Cousins Properties presently has a consensus rating of "Hold" and a consensus target price of $26.43.
View Our Latest Analysis on CUZ
Institutional Trading of Cousins Properties
Several large investors have recently bought and sold shares of the business. Principal Securities Inc. acquired a new stake in shares of Cousins Properties in the 4th quarter valued at approximately $31,000. Blue Trust Inc. grew its stake in shares of Cousins Properties by 130.8% during the second quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust's stock worth $36,000 after buying an additional 858 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Cousins Properties by 3,236.7% during the second quarter. Versant Capital Management Inc now owns 1,635 shares of the real estate investment trust's stock worth $38,000 after buying an additional 1,586 shares in the last quarter. Abich Financial Wealth Management LLC bought a new position in shares of Cousins Properties in the 1st quarter valued at $43,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Cousins Properties during the 2nd quarter valued at $115,000. 94.38% of the stock is owned by institutional investors and hedge funds.
Cousins Properties Price Performance
The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The firm has a market cap of $4.34 billion, a P/E ratio of 58.18, a price-to-earnings-growth ratio of 4.62 and a beta of 1.30. The business has a 50-day moving average of $25.57 and a two-hundred day moving average of $23.98.
Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.61). Cousins Properties had a net margin of 7.25% and a return on equity of 1.31%. The firm had revenue of $212.98 million during the quarter, compared to analyst estimates of $208.18 million. During the same period in the prior year, the company earned $2.75 EPS. The business's quarterly revenue was up 4.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Cousins Properties Incorporated will post 2.67 earnings per share for the current fiscal year.
Cousins Properties Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Wednesday, July 3rd were issued a dividend of $0.32 per share. The ex-dividend date was Wednesday, July 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.49%. Cousins Properties's dividend payout ratio (DPR) is presently 261.22%.
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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