Cousins Properties (NYSE:CUZ) Sets New 52-Week High – What’s Next?

Shares of Cousins Properties Incorporated (NYSE:CUZ) hit a new 52-week high during trading on Wednesday . The stock traded as high as $30.53 and last traded at $30.5470, with a volume of 126089 shares. The stock had previously closed at $29.98.

Wall Street Analyst Weigh In

CUZ has been the subject of a number of research analyst reports. Truist Financial lifted their price target on Cousins Properties from $24.00 to $30.00 and gave the company a “hold” rating in a report on Friday, June 26th. Capital One Financial set a $27.00 price objective on shares of Cousins Properties in a report on Thursday, March 12th. Weiss Ratings upgraded shares of Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. Evercore reaffirmed an “outperform” rating on shares of Cousins Properties in a research note on Monday, June 8th. Finally, Wall Street Zen upgraded shares of Cousins Properties from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 13th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.27.

Cousins Properties Price Performance

The stock has a 50-day simple moving average of $27.35 and a 200 day simple moving average of $25.35. The stock has a market capitalization of $5.11 billion, a P/E ratio of -1,035.19, a price-to-earnings-growth ratio of 2.26 and a beta of 1.19. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.21 and a current ratio of 1.21.

Cousins Properties (NYSE:CUZ) last released its earnings results on Wednesday, April 29th. The real estate investment trust reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.21). The firm had revenue of $263.11 million for the quarter, compared to the consensus estimate of $256.77 million. Cousins Properties had a negative return on equity of 0.11% and a negative net margin of 0.52%.The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.74 EPS. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. On average, equities analysts forecast that Cousins Properties Incorporated will post 2.95 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Monday, July 6th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Monday, July 6th. Cousins Properties’s payout ratio is currently -4,266.67%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake in Cousins Properties by 63.5% during the 1st quarter. Bank of America Corp DE now owns 1,124,141 shares of the real estate investment trust’s stock worth $25,372,000 after acquiring an additional 436,396 shares during the last quarter. Amundi grew its stake in shares of Cousins Properties by 6.5% during the 1st quarter. Amundi now owns 96,454 shares of the real estate investment trust’s stock worth $2,177,000 after acquiring an additional 5,866 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Cousins Properties by 23.3% in the first quarter. EverSource Wealth Advisors LLC now owns 3,248 shares of the real estate investment trust’s stock valued at $73,000 after purchasing an additional 614 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Cousins Properties by 27.8% in the first quarter. California State Teachers Retirement System now owns 202,530 shares of the real estate investment trust’s stock valued at $4,571,000 after acquiring an additional 44,102 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of Cousins Properties by 211.8% during the 1st quarter. Royal Bank of Canada now owns 98,028 shares of the real estate investment trust’s stock worth $2,213,000 after purchasing an additional 66,585 shares during the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

About Cousins Properties

Cousins Properties Incorporated (NYSE: CUZ) is a publicly traded real estate investment trust (REIT) specializing in the development, acquisition and management of high-quality office and mixed-use properties. Headquartered in Atlanta, the company focuses on urban infill and suburban markets across the Sun Belt, with a strong presence in metropolitan areas such as Atlanta, Austin, Charlotte, Nashville, Orlando and Tampa. Its core activities encompass full-service property leasing, asset management and construction oversight, serving a diverse mix of corporate and institutional tenants.

Founded in 1958 as a privately held real estate concern, Cousins Properties completed its initial public offering in 1992.