Cousins Properties (NYSE:CUZ) Shares Cross Above 200-Day Moving Average - What's Next?

Key Points

• Cousins Properties shares moved above their 200-day moving average, reaching $27.81 before last trading at $27.38, though the stock remained below its 50-day average of $29.20.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $31.09; individual targets range from $30 to $34.
• The REIT reported quarterly revenue above expectations but missed significantly on EPS, while declaring a $0.32 quarterly dividend, equivalent to a 4.7% annualized yield.

Cousins Properties Incorporated (NYSE:CUZ - Get Free Report) shares passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $27.65 and traded as high as $27.81. Cousins Properties shares last traded at $27.3760, with a volume of 1,575,806 shares trading hands.

Wall Street Analyst Weigh In

CUZ has been the subject of several research reports. Evercore set a $33.00 price objective on shares of Cousins Properties in a research note on Monday, September 21st. Truist Financial increased their target price on Cousins Properties from $24.00 to $30.00 and gave the stock a "hold" rating in a research report on Friday, June 26th. Mizuho set a $34.00 target price on Cousins Properties in a report on Tuesday, September 8th. Wall Street Zen upgraded Cousins Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Cousins Properties in a research report on Tuesday, September 22nd. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $31.09.

Cousins Properties Trading Down 2.3%

The firm's 50 day simple moving average is $29.20 and its 200-day simple moving average is $27.65. The company has a market capitalization of $4.51 billion, a PE ratio of 684.57, a P/E/G ratio of 1.88 and a beta of 1.19. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.83.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.58). The business had revenue of $268.53 million during the quarter, compared to analysts' expectations of $263.55 million. Cousins Properties had a net margin of 0.62% and a return on equity of 0.14%. The business's revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 EPS. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. As a group, equities research analysts anticipate that Cousins Properties Incorporated will post 2.97 EPS for the current year.

Cousins Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, October 5th will be given a $0.32 dividend. The ex-dividend date of this dividend is Monday, October 5th. This represents a $1.28 annualized dividend and a yield of 4.7%. Cousins Properties's dividend payout ratio (DPR) is 3,200.00%.

Insider Activity at Cousins Properties

In other Cousins Properties news, CAO Jeffrey Symes sold 6,033 shares of the business's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $29.44, for a total transaction of $177,611.52. Following the transaction, the chief accounting officer owned 16,685 shares in the company, valued at $491,206.40. The trade was a 26.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.81% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Elevation Wealth Partners LLC increased its stake in Cousins Properties by 92.3% during the 2nd quarter. Elevation Wealth Partners LLC now owns 1,573 shares of the real estate investment trust's stock worth $47,000 after buying an additional 755 shares during the period. Avalon Trust Co purchased a new position in Cousins Properties in the 1st quarter valued at about $39,000. Nykredit A S purchased a new position in Cousins Properties in the 2nd quarter valued at about $59,000. SJS Investment Consulting Inc. acquired a new stake in shares of Cousins Properties during the first quarter valued at about $50,000. Finally, C M Bidwell & Associates Ltd. acquired a new stake in shares of Cousins Properties during the second quarter valued at about $83,000. 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 real estate investment trust that owns, develops, acquires, and manages office properties. The company's portfolio is focused primarily on high-quality office buildings serving corporate tenants across major Sun Belt markets.

Cousins Properties has a presence in several southeastern and southwestern U.S. markets, including Atlanta, Austin, Charlotte, Dallas, Phoenix, and Raleigh. Its activities include property leasing, asset management, redevelopment, and the development of new office projects designed for business and professional users.

Founded in 1958, Cousins Properties became a publicly traded real estate investment trust in 1998.

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