Cousins Properties Incorporated (NYSE:CUZ – Get Free Report) shares reached 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 trading hands. The stock had previously closed at $29.98.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on CUZ shares. 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. Wells Fargo & Company boosted their target price on shares of Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Wall Street Zen raised shares of Cousins Properties from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 13th. Capital One Financial set a $27.00 price target on shares of Cousins Properties in a report on Thursday, March 12th. Finally, Evercore reissued an “outperform” rating on shares of Cousins Properties in a research note on Monday, June 8th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.27.
Get Our Latest Research Report on Cousins Properties
Cousins Properties Trading Up 2.5%
Cousins Properties (NYSE:CUZ – Get Free Report) last issued its 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 business had revenue of $263.11 million during the quarter, compared to analysts’ expectations 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 was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 EPS. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. On average, research analysts anticipate that Cousins Properties Incorporated will post 2.95 earnings per share for the current fiscal year.
Cousins Properties Announces Dividend
The business 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. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Monday, July 6th. Cousins Properties’s payout ratio is currently -4,266.67%.
Institutional Investors Weigh In On Cousins Properties
Hedge funds have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership acquired a new stake in Cousins Properties in the second quarter valued at approximately $902,000. EverSource Wealth Advisors LLC boosted its stake in shares of Cousins Properties by 55.9% in the second quarter. EverSource Wealth Advisors LLC now owns 2,100 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 753 shares during the period. Marshall Wace LLP acquired a new stake in Cousins Properties during the 2nd quarter valued at $3,723,000. Federated Hermes Inc. grew its holdings in Cousins Properties by 40.8% during the 2nd quarter. Federated Hermes Inc. now owns 110,926 shares of the real estate investment trust’s stock valued at $3,331,000 after purchasing an additional 32,162 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in Cousins Properties by 8.6% during the 2nd quarter. California Public Employees Retirement System now owns 286,452 shares of the real estate investment trust’s stock worth $8,602,000 after buying an additional 22,741 shares during the period. 94.38% of the stock is currently owned by hedge funds and other institutional investors.
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.
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