Cousins Properties (NYSE:CUZ) Hits New 12-Month High – What’s Next?

Shares of Cousins Properties Incorporated (NYSE:CUZ) reached a new 52-week high during trading on Wednesday . The stock traded as high as $31.37 and last traded at $31.6750, with a volume of 8916 shares changing hands. The stock had previously closed at $30.50.

Wall Street Analyst Weigh In

CUZ has been the subject of several recent research reports. Wall Street Zen raised Cousins Properties from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 12th. Evercore reiterated an “outperform” rating and set a $34.00 price objective on shares of Cousins Properties in a research report on Monday, July 6th. Weiss Ratings raised shares of Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. 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 note on Friday, June 26th. Finally, Wells Fargo & Company increased their target price on Cousins Properties from $28.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Cousins Properties has a consensus rating of “Moderate Buy” and a consensus price target of $29.82.

Cousins Properties Trading Up 2.4%

The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of -1,068.81, a PEG ratio of 2.30 and a beta of 1.19. The business’s 50-day moving average price is $28.41 and its 200 day moving average price is $25.73. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.21 and a quick ratio of 1.21.

Cousins Properties (NYSE:CUZ) last released its quarterly 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). Cousins Properties had a negative net margin of 0.52% and a negative return on equity of 0.11%. The firm had revenue of $263.11 million for the quarter, compared to analyst estimates of $256.77 million. During the same period in the previous year, the business posted $0.74 earnings per share. Cousins Properties’s revenue for the quarter was up 7.4% on a year-over-year basis. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Monday, July 6th were paid a dividend of $0.32 per share. The ex-dividend date was Monday, July 6th. This represents a $1.28 annualized dividend and a dividend yield of 4.0%. Cousins Properties’s dividend payout ratio (DPR) is currently -4,266.67%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CUZ. Farther Finance Advisors LLC increased its position in shares of Cousins Properties by 128.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,232 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 692 shares during the last quarter. Avalon Trust Co bought a new position in shares of Cousins Properties during the first quarter worth about $39,000. Arax Advisory Partners bought a new position in shares of Cousins Properties during the fourth quarter worth about $39,000. Clearstead Advisors LLC grew its stake in Cousins Properties by 176.1% in the fourth quarter. Clearstead Advisors LLC now owns 1,803 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,150 shares in the last quarter. Finally, Elevation Wealth Partners LLC grew its stake in Cousins Properties by 92.3% in the second quarter. Elevation Wealth Partners LLC now owns 1,573 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 755 shares in the last quarter. 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 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.