Cousins Properties (NYSE:CUZ) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of Cousins Properties Incorporated (NYSE:CUZ) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $27.87 and traded as high as $28.10. Cousins Properties shares last traded at $27.8520, with a volume of 1,547,373 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CUZ. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cousins Properties in a report on Tuesday, September 22nd. Evercore set a $33.00 price objective on shares of Cousins Properties in a research report on Monday, September 21st. Truist Financial upped their price objective on shares of Cousins Properties from $24.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, June 26th. Robert W. Baird increased their target price on shares of Cousins Properties from $33.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Finally, Wall Street Zen raised Cousins Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $31.50.

Cousins Properties Price Performance

The company has a market cap of $4.54 billion, a PE ratio of 690.40, a price-to-earnings-growth ratio of 1.87 and a beta of 1.19. The firm has a 50 day simple moving average of $28.65 and a 200-day simple moving average of $27.91. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.83.

Cousins Properties (NYSE:CUZ) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.58). Cousins Properties had a return on equity of 0.14% and a net margin of 0.62%. The business had revenue of $268.53 million for the quarter, compared to analysts’ expectations of $263.55 million. During the same quarter last year, the firm earned $0.70 earnings per share. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. As a group, research analysts predict that Cousins Properties Incorporated will post 2.97 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Monday, October 5th will be given a $0.32 dividend. The ex-dividend date is Monday, October 5th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.6%. Cousins Properties’s payout ratio is 3,200.00%.

Insider Activity

In other news, CAO Jeffrey Symes sold 6,033 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $29.44, for a total value of $177,611.52. Following the completion of the sale, the chief accounting officer directly owned 16,685 shares in the company, valued at $491,206.40. This represents a 26.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.81% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cousins Properties

A number of institutional investors have recently made changes to their positions in the stock. NorthCrest Asset Manangement LLC increased its holdings in Cousins Properties by 92.6% in the third quarter. NorthCrest Asset Manangement LLC now owns 13,375 shares of the real estate investment trust’s stock valued at $371,000 after buying an additional 6,429 shares during the last quarter. Perpetual Ltd purchased a new stake in Cousins Properties during the 3rd quarter worth about $435,000. GAMMA Investing LLC lifted its holdings in Cousins Properties by 13.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,592 shares of the real estate investment trust’s stock worth $99,000 after buying an additional 417 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Cousins Properties by 39.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,304 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 651 shares during the last quarter. Finally, Elevation Wealth Partners LLC boosted its position in shares of Cousins Properties by 59.1% during the 3rd quarter. Elevation Wealth Partners LLC now owns 2,503 shares of the real estate investment trust’s stock worth $69,000 after acquiring an additional 930 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Cousins Properties Company Profile

Cousins Properties Incorporated (NYSE: CUZ) is a real estate investment trust that owns, develops, acquires, and manages office properties. The company’s portfolio is focused primarily on high-quality office buildings serving corporate tenants across major Sun Belt markets.

Cousins Properties has a presence in several southeastern and southwestern U.S. markets, including Atlanta, Austin, Charlotte, Dallas, Phoenix, and Raleigh. Its activities include property leasing, asset management, redevelopment, and the development of new office projects designed for business and professional users.

Founded in 1958, Cousins Properties became a publicly traded real estate investment trust in 1998.