Cousins Properties Incorporated (NYSE:CUZ) Short Interest Update

Cousins Properties Incorporated (NYSE:CUZ - Get Free Report) was the target of a significant decrease in short interest during the month of August. As of August 15th, there was short interest totalling 4,010,000 shares, a decrease of 8.7% from the July 31st total of 4,390,000 shares. Currently, 2.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,130,000 shares, the short-interest ratio is presently 3.5 days.

Cousins Properties Trading Up 1.5 %

CUZ stock traded up $0.42 during mid-day trading on Monday, hitting $28.51. 1,419,600 shares of the company were exchanged, compared to its average volume of 1,359,771. Cousins Properties has a 12-month low of $17.40 and a 12-month high of $28.57. The firm has a market capitalization of $4.34 billion, a P/E ratio of 58.18, a PEG ratio of 4.68 and a beta of 1.30. The business has a fifty day simple moving average of $25.68 and a 200-day simple moving average of $24.03. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.58.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its 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 net margin of 7.25% and a return on equity of 1.31%. The company had revenue of $212.98 million during the quarter, compared to analyst estimates of $208.18 million. During the same quarter last year, the business posted $2.75 EPS. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities research analysts predict that Cousins Properties 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. Shareholders of record on Wednesday, July 3rd were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.49%. Cousins Properties's dividend payout ratio (DPR) is presently 261.22%.

Analysts Set New Price Targets

CUZ has been the topic of a number of research reports. Robert W. Baird raised their target price 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. Truist Financial upped their target price on Cousins Properties from $26.00 to $30.00 and gave the company a "buy" rating in a report on Friday. Barclays boosted 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 restated an "in-line" rating and set a $29.00 price objective on shares of Cousins Properties in a research report on Tuesday, August 20th. Finally, StockNews.com upgraded shares of Cousins Properties from a "sell" rating to a "hold" rating in a report on Thursday, May 23rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Cousins Properties presently has a consensus rating of "Hold" and an average price target of $26.43.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Securities Inc. acquired a new position in Cousins Properties during the 4th quarter worth $31,000. Blue Trust Inc. grew 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 buying an additional 858 shares in the last quarter. Versant Capital Management Inc increased its stake 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 during the period. Abich Financial Wealth Management LLC acquired a new stake in Cousins Properties in the first quarter valued at approximately $43,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Cousins Properties in the second quarter worth approximately $115,000. Hedge funds and other institutional investors own 94.38% of the company's stock.

About Cousins Properties

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.