Cousins Properties (NYSE:CUZ) Sets New 1-Year High – What’s Next?

Cousins Properties Incorporated (NYSE:CUZ)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $31.15 and last traded at $31.1950, with a volume of 103957 shares changing hands. The stock had previously closed at $30.64.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Weiss Ratings raised Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. BMO Capital Markets reduced their price target on Cousins Properties from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Thursday, March 12th. Wells Fargo & Company raised their price objective on Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Truist Financial lifted their price objective on Cousins Properties from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Finally, Capital One Financial set a $27.00 target price on Cousins Properties in a research report on Thursday, March 12th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.82.

Cousins Properties Stock Performance

The company’s fifty day simple moving average is $27.81 and its two-hundred day simple moving average is $25.51. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of -999.57, 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 issued its earnings results on Wednesday, April 29th. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.21). The company had revenue of $263.11 million during the quarter, compared to analyst estimates of $256.77 million. Cousins Properties had a negative net margin of 0.52% and a negative return on equity of 0.11%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.74 EPS. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. Equities research analysts predict that Cousins Properties Incorporated will post 2.95 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

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 paid a dividend of $0.32 per share. The ex-dividend date is Monday, July 6th. This represents a $1.28 annualized dividend and a yield of 4.3%. Cousins Properties’s dividend payout ratio is presently -4,266.67%.

Hedge Funds Weigh In On Cousins Properties

Several large investors have recently added to or reduced their stakes in the company. Algebris UK Ltd. bought a new position in shares of Cousins Properties in the 4th quarter worth about $12,208,000. Intech Investment Management LLC grew its position in shares of Cousins Properties by 222.9% during the 4th quarter. Intech Investment Management LLC now owns 251,847 shares of the real estate investment trust’s stock valued at $6,493,000 after buying an additional 173,840 shares during the last quarter. Tudor Investment Corp ET AL raised its stake in Cousins Properties by 1,582.5% during the third quarter. Tudor Investment Corp ET AL now owns 463,057 shares of the real estate investment trust’s stock worth $13,401,000 after acquiring an additional 435,535 shares during the period. Norges Bank acquired a new stake in Cousins Properties during the fourth quarter worth about $53,063,000. Finally, Principal Financial Group Inc. lifted its holdings in Cousins Properties by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 12,890,208 shares of the real estate investment trust’s stock worth $332,310,000 after acquiring an additional 419,911 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors.

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.