Shares of Cousins Properties Incorporated (NYSE:CUZ – Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $31.15 and last traded at $31.1950, with a volume of 103957 shares trading hands. The stock had previously closed at $30.64.
Analysts Set New Price Targets
A number of research firms recently commented on CUZ. Capital One Financial set a $27.00 price objective on Cousins Properties in a research note on Thursday, March 12th. Weiss Ratings upgraded shares of Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report 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. Wall Street Zen upgraded shares of Cousins Properties from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 13th. Finally, Wells Fargo & Company lifted their target price on shares of Cousins Properties from $28.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.82.
View Our Latest Stock Analysis on Cousins Properties
Cousins Properties Stock Performance
Cousins Properties (NYSE:CUZ – Get Free Report) last posted its quarterly 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 business had revenue of $263.11 million for the quarter, compared to the consensus estimate of $256.77 million. Cousins Properties had a negative return on equity of 0.11% and a negative net margin of 0.52%.Cousins Properties’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.74 earnings per share. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. On average, research analysts predict that Cousins Properties Incorporated will post 2.95 EPS for the current year.
Cousins Properties Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Monday, July 6th will be issued a dividend of $0.32 per share. The ex-dividend date is Monday, July 6th. This represents a $1.28 annualized dividend and a dividend yield of 4.1%. Cousins Properties’s dividend payout ratio is currently -4,266.67%.
Institutional Trading of Cousins Properties
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CUZ. Bank of America Corp DE lifted its holdings in shares of Cousins Properties by 63.5% in the first quarter. Bank of America Corp DE now owns 1,124,141 shares of the real estate investment trust’s stock valued at $25,372,000 after purchasing an additional 436,396 shares in the last quarter. Amundi boosted its holdings in Cousins Properties by 6.5% during the 1st quarter. Amundi now owns 96,454 shares of the real estate investment trust’s stock worth $2,177,000 after acquiring an additional 5,866 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Cousins Properties by 23.3% during the first quarter. EverSource Wealth Advisors LLC now owns 3,248 shares of the real estate investment trust’s stock worth $73,000 after purchasing an additional 614 shares during the last quarter. California State Teachers Retirement System grew its position in Cousins Properties by 27.8% in the 1st quarter. California State Teachers Retirement System now owns 202,530 shares of the real estate investment trust’s stock worth $4,571,000 after purchasing an additional 44,102 shares in the last quarter. Finally, Royal Bank of Canada grew its position in Cousins Properties by 211.8% in the 1st quarter. Royal Bank of Canada now owns 98,028 shares of the real estate investment trust’s stock worth $2,213,000 after purchasing an additional 66,585 shares in the last quarter. 94.38% of the stock is owned by 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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