Cousins Properties (NYSE:CUZ) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Cousins Properties Incorporated (NYSE:CUZ)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $27.03 and traded as high as $28.58. Cousins Properties shares last traded at $27.8930, with a volume of 1,097,202 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CUZ. Robert W. Baird lifted their price target on Cousins Properties from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Wall Street Zen raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Wells Fargo & Company increased their price target on shares of Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Mizuho set a $34.00 price target on shares of Cousins Properties in a report on Tuesday. Finally, Weiss Ratings upgraded Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Cousins Properties presently has a consensus rating of “Moderate Buy” and an average price target of $31.18.

Cousins Properties Stock Performance

The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 705.25, a PEG ratio of 1.83 and a beta of 1.17. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a 50 day simple moving average of $30.23 and a two-hundred day simple moving average of $27.06.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data 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). The company had revenue of $268.53 million for the quarter, compared to analysts’ expectations of $263.55 million. Cousins Properties had a return on equity of 0.14% and a net margin of 0.62%.The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.70 EPS. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. As a group, analysts anticipate that Cousins Properties Incorporated will post 2.97 earnings per share for the current year.

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Monday, July 6th were given a dividend of $0.32 per share. The ex-dividend date was Monday, July 6th. This represents a $1.28 annualized dividend and a yield of 4.5%. Cousins Properties’s payout ratio is presently 3,200.00%.

Insider Activity at Cousins Properties

In related news, CAO Jeffrey Symes sold 6,033 shares of Cousins Properties stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $29.44, for a total transaction of $177,611.52. Following the completion of the transaction, the chief accounting officer directly owned 16,685 shares of the company’s stock, valued at approximately $491,206.40. The trade was a 26.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.81% of the stock is owned by company insiders.

Institutional Trading of Cousins Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Resolution Capital Ltd grew its holdings in Cousins Properties by 0.6% in the 2nd quarter. Resolution Capital Ltd now owns 5,919,230 shares of the real estate investment trust’s stock valued at $177,754,000 after buying an additional 33,097 shares during the period. Centersquare Investment Management LLC grew its holdings in Cousins Properties by 3.2% in the fourth quarter. Centersquare Investment Management LLC now owns 5,847,176 shares of the real estate investment trust’s stock valued at $150,740,000 after purchasing an additional 179,036 shares during the period. California State Teachers Retirement System boosted its holdings in shares of Cousins Properties by 2,705.9% in the 2nd quarter. California State Teachers Retirement System now owns 5,682,769 shares of the real estate investment trust’s stock valued at $170,369,000 after purchasing an additional 5,480,239 shares during the last quarter. Alyeska Investment Group L.P. boosted its holdings in shares of Cousins Properties by 308.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 5,175,415 shares of the real estate investment trust’s stock valued at $133,422,000 after purchasing an additional 3,909,740 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Cousins Properties by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 3,448,764 shares of the real estate investment trust’s stock valued at $88,924,000 after buying an additional 47,633 shares during the period. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Cousins Properties Company Profile

Cousins Properties Incorporated (NYSE: CUZ) is a real estate investment trust that owns, develops and manages primarily high-quality office properties. Its portfolio includes office towers, mixed-use developments and related commercial real estate assets serving corporate tenants across the United States.

The company focuses on high-growth Sun Belt markets, including Atlanta, Austin, Charlotte, Dallas, Phoenix and other major metropolitan areas. Its activities include property leasing, asset management, development and redevelopment, with an emphasis on well-located office properties in urban and mixed-use business districts.

Founded in 1958 by Thomas G.