Cousins Properties Incorporated (NYSE:CUZ - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $30.15 and last traded at $30.10, with a volume of 219992 shares trading hands. The stock had previously closed at $29.83.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. Barclays increased their price target on shares of Cousins Properties from $25.00 to $30.00 and gave the company an "overweight" rating in a research report on Tuesday, July 30th. Evercore ISI raised their price target on shares of Cousins Properties from $29.00 to $30.00 and gave the stock an "in-line" rating in a research note on Monday, September 16th. Robert W. Baird upped their price objective on Cousins Properties from $29.00 to $31.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st. Truist Financial raised their target price on Cousins Properties from $26.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. Finally, Wells Fargo & Company upped their price target on Cousins Properties from $26.00 to $31.00 and gave the company an "overweight" rating in a research report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Cousins Properties has a consensus rating of "Moderate Buy" and an average price target of $28.29.
Read Our Latest Stock Report on Cousins Properties
Cousins Properties Price Performance
The business has a fifty day moving average of $27.52 and a 200-day moving average of $24.68. 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 $4.59 billion, a PE ratio of 61.63, a PEG ratio of 4.73 and a beta of 1.31.
Cousins Properties (NYSE:CUZ - Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.61). The firm had revenue of $212.98 million during the quarter, compared to analysts' expectations of $208.18 million. Cousins Properties had a return on equity of 1.31% and a net margin of 7.25%. The company's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.75 earnings per share. As a group, research analysts predict that Cousins Properties Incorporated will post 2.67 earnings per share for the current year.
Cousins Properties Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Thursday, October 3rd will be issued a $0.32 dividend. The ex-dividend date is Thursday, October 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.24%. Cousins Properties's payout ratio is currently 261.22%.
Insider Buying and Selling
In related news, CAO Jeffrey D. Symes sold 5,997 shares of the business's stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $28.13, for a total transaction of $168,695.61. Following the completion of the transaction, the chief accounting officer now directly owns 12,529 shares in the company, valued at $352,440.77. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.40% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Cousins Properties
A number of hedge funds and other institutional investors have recently bought and sold shares of CUZ. Principal Securities Inc. purchased a new position in Cousins Properties in the fourth quarter worth $31,000. Blue Trust Inc. boosted its holdings in shares of Cousins Properties by 130.8% in the 2nd quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 858 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Cousins Properties by 3,236.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,635 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 1,586 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of Cousins Properties during the 1st quarter valued at about $43,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Cousins Properties in the 2nd quarter worth approximately $115,000. Hedge funds and other institutional investors own 94.38% of the company's stock.
Cousins Properties Company Profile
(
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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