Cousins Properties (NYSE:CUZ) Sets New 1-Year High – Should You Buy?

Cousins Properties Incorporated (NYSE:CUZ) hit a new 52-week high on Tuesday . The company traded as high as $31.15 and last traded at $31.1950, with a volume of 103957 shares. The stock had previously closed at $30.64.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wall Street Zen upgraded Cousins Properties from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 13th. BMO Capital Markets dropped their target price on Cousins Properties from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Thursday, March 12th. Truist Financial raised their price target on shares of Cousins Properties from $24.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Capital One Financial set a $27.00 price objective on shares of Cousins Properties in a research note on Thursday, March 12th. Finally, Weiss Ratings raised shares of Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Cousins Properties presently has an average rating of “Moderate Buy” and an average price target of $29.82.

Cousins Properties Price Performance

The company has a fifty day simple moving average of $27.60 and a two-hundred day simple moving average of $25.43. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of -1,031.99, a PEG ratio of 2.29 and a beta of 1.19. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.21 and a current ratio of 1.21.

Cousins Properties (NYSE:CUZ) last released its earnings results on Wednesday, April 29th. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.21). The company had revenue of $263.11 million for 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 business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the company posted $0.74 earnings per share. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. As a group, equities research analysts expect that Cousins Properties Incorporated will post 2.95 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently declared 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. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, July 6th. Cousins Properties’s dividend payout ratio is -4,266.67%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. raised its stake in shares of Cousins Properties by 308.9% during the fourth 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 acquiring an additional 3,909,740 shares during the last quarter. Norges Bank bought a new stake in shares of Cousins Properties in the fourth quarter worth $53,063,000. Invesco Ltd. increased its holdings in Cousins Properties by 153.2% in the third quarter. Invesco Ltd. now owns 3,170,386 shares of the real estate investment trust’s stock valued at $91,751,000 after purchasing an additional 1,918,393 shares during the period. Quantinno Capital Management LP increased its holdings in Cousins Properties by 242.5% in the first quarter. Quantinno Capital Management LP now owns 2,644,535 shares of the real estate investment trust’s stock valued at $59,687,000 after purchasing an additional 1,872,319 shares during the period. Finally, Millennium Management LLC raised its position in Cousins Properties by 984.5% during the 4th quarter. Millennium Management LLC now owns 1,542,384 shares of the real estate investment trust’s stock worth $39,763,000 after purchasing an additional 1,400,164 shares during 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.