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

Cousins Properties Incorporated (NYSE:CUZ)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $30.53 and last traded at $30.5470, with a volume of 126089 shares changing hands. The stock had previously closed at $29.98.

Analyst Ratings Changes

CUZ has been the topic of a number of analyst reports. Capital One Financial set a $27.00 target price on Cousins Properties in a research report on Thursday, March 12th. Wall Street Zen upgraded Cousins Properties from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 13th. 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. Wells Fargo & Company upped their target price on Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Finally, Weiss Ratings upgraded Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cousins Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.27.

Cousins Properties Price Performance

The company has a market cap of $5.06 billion, a P/E ratio of -1,024.16, a P/E/G ratio of 2.22 and a beta of 1.21. The company’s 50-day moving average price is $27.10 and its two-hundred day moving average price is $25.27. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.83.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.21). The firm had revenue of $263.11 million during the quarter, compared to analyst estimates of $256.77 million. Cousins Properties had a negative return on equity of 0.11% and a negative net margin of 0.52%.The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $0.74 earnings per share. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. As a group, sell-side analysts expect that Cousins Properties Incorporated will post 2.95 earnings per share for the current year.

Cousins Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Monday, July 6th will be given a $0.32 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.28 annualized dividend and a dividend yield of 4.2%. Cousins Properties’s dividend payout ratio (DPR) is presently -4,266.67%.

Institutional Investors Weigh In On Cousins Properties

Several institutional investors and hedge funds have recently made changes to their positions in CUZ. Principal Financial Group Inc. boosted 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 purchasing an additional 419,911 shares during the period. Resolution Capital Ltd lifted its position in shares of 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 worth $177,754,000 after buying an additional 33,097 shares during the last quarter. Centersquare Investment Management LLC boosted its holdings in shares of Cousins Properties by 3.2% in the 4th 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 buying an additional 179,036 shares during the period. Alyeska Investment Group L.P. grew its position in shares of Cousins Properties by 308.9% during 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 buying an additional 3,909,740 shares during the last quarter. Finally, Geode Capital Management LLC grew its position 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 last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

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.