Cousins Properties (NYSE:CUZ) Hits New 52-Week High at $28.58

Cousins Properties Incorporated (NYSE:CUZ - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $28.58 and last traded at $28.50, with a volume of 97034 shares traded. The stock had previously closed at $28.15.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CUZ. Robert W. Baird raised their price target on shares of Cousins Properties from $29.00 to $31.00 and gave the company an "outperform" rating in a research report on Wednesday, July 31st. Truist Financial raised their target price on Cousins Properties from $26.00 to $30.00 and gave the company a "buy" rating in a report on Friday, August 30th. Evercore ISI reiterated an "in-line" rating and set a $29.00 price target on shares of Cousins Properties in a report on Tuesday, August 20th. StockNews.com raised Cousins Properties from a "sell" rating to a "hold" rating in a research report on Thursday, May 23rd. Finally, Barclays lifted their price objective on shares of Cousins Properties from $25.00 to $30.00 and gave the stock an "overweight" rating in a report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $26.43.

Cousins Properties Trading Up 0.5 %

The stock has a market capitalization of $4.30 billion, a PE ratio of 57.73, a price-to-earnings-growth ratio of 4.68 and a beta of 1.30. 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 50-day moving average price of $26.02 and a 200-day moving average price of $24.12.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.61). Cousins Properties had a return on equity of 1.31% and a net margin of 7.25%. The company had revenue of $212.98 million during the quarter, compared to the consensus estimate of $208.18 million. During the same period in the prior year, the firm posted $2.75 EPS. The business's revenue was up 4.2% on a year-over-year basis. As a group, equities analysts forecast that Cousins Properties Incorporated will post 2.67 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Wednesday, July 3rd were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date was Wednesday, July 3rd. Cousins Properties's dividend payout ratio is currently 261.22%.

Institutional Investors Weigh In On Cousins Properties

Institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue lifted its position in shares of Cousins Properties by 0.6% during the first quarter. State of Alaska Department of Revenue now owns 88,588 shares of the real estate investment trust's stock worth $2,128,000 after acquiring an additional 486 shares in the last quarter. Retirement Systems of Alabama boosted its stake in Cousins Properties by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 190,589 shares of the real estate investment trust's stock worth $4,582,000 after purchasing an additional 498 shares during the period. Federated Hermes Inc. boosted its stake in Cousins Properties by 2.2% in the 2nd quarter. Federated Hermes Inc. now owns 23,534 shares of the real estate investment trust's stock worth $545,000 after purchasing an additional 501 shares during the period. Treasurer of the State of North Carolina grew its holdings in Cousins Properties by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 67,107 shares of the real estate investment trust's stock valued at $1,634,000 after buying an additional 650 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in Cousins Properties by 5.1% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 15,952 shares of the real estate investment trust's stock valued at $369,000 after buying an additional 769 shares in the last quarter. 94.38% of the stock is owned by hedge funds and other institutional investors.

Cousins Properties Company Profile

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.