Shares of Cousins Properties Incorporated (NYSE:CUZ - Get Free Report) reached a new 52-week high on Friday . The company traded as high as $32.17 and last traded at $32.17, with a volume of 508447 shares trading hands. The stock had previously closed at $31.37.
Analyst Ratings Changes
CUZ has been the subject of several analyst reports. Wells Fargo & Company increased their target price on shares of Cousins Properties from $26.00 to $31.00 and gave the stock an "overweight" rating in a report on Wednesday, September 11th. Robert W. Baird increased their price objective on shares of Cousins Properties from $29.00 to $31.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 31st. Barclays lifted their target price on shares of Cousins Properties from $30.00 to $35.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Evercore ISI increased their price target on Cousins Properties from $29.00 to $30.00 and gave the stock an "in-line" rating in a research note on Monday, September 16th. Finally, Truist Financial raised their price target on Cousins Properties from $26.00 to $30.00 and gave the company a "buy" rating in a report on Friday, August 30th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $30.67.
Check Out Our Latest Stock Report on Cousins Properties
Cousins Properties Price Performance
The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a fifty day simple moving average of $29.16 and a two-hundred day simple moving average of $25.69. The firm has a market cap of $4.80 billion, a PE ratio of 64.35, a PEG ratio of 4.41 and a beta of 1.30.
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 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 business had revenue of $212.98 million during the quarter, compared to the consensus estimate of $208.18 million. During the same quarter in the prior year, the firm posted $2.75 EPS. The company's revenue for the quarter was up 4.2% on a year-over-year basis. Equities analysts predict that Cousins Properties Incorporated will post 2.67 EPS for the current fiscal year.
Cousins Properties Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, October 3rd were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend was Thursday, October 3rd. Cousins Properties's payout ratio is 261.22%.
Insider Buying and Selling
In related news, CAO Jeffrey D. Symes sold 5,997 shares of the firm's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $28.13, for a total value of $168,695.61. Following the completion of the sale, the chief accounting officer now directly owns 12,529 shares in the company, valued at $352,440.77. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by company insiders.
Institutional Trading of Cousins Properties
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position 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 purchasing an additional 858 shares during the last quarter. Versant Capital Management Inc lifted its holdings in 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 buying an additional 1,586 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in Cousins Properties in the 1st quarter valued at about $43,000. Signaturefd LLC grew its stake in Cousins Properties by 30.8% in the 3rd quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust's stock worth $82,000 after acquiring an additional 651 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Cousins Properties in the 2nd quarter worth about $115,000. 94.38% of the stock is owned by hedge funds and other institutional investors.
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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