Cousins Properties (NYSE:CUZ) Stock Breaks Above Two Hundred Day Moving Average - What's Next?

Cousins Properties Incorporated (NYSE:CUZ - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $27.87 and traded as high as $28.10. Cousins Properties shares last traded at $27.8520, with a volume of 1,547,373 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CUZ shares. Truist Financial upped their price target on Cousins Properties from $24.00 to $30.00 and gave the stock a "hold" rating in a research note on Friday, June 26th. Barclays raised their price objective on Cousins Properties from $28.00 to $34.00 and gave the company an "overweight" rating in a research note on Tuesday, July 21st. Wall Street Zen upgraded Cousins Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Weiss Ratings restated a "hold (c-)" rating on shares of Cousins Properties in a report on Tuesday, September 22nd. Finally, Mizuho set a $34.00 target price on Cousins Properties in a research report on Tuesday, September 8th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Cousins Properties currently has a consensus rating of "Moderate Buy" and an average target price of $31.50.

Cousins Properties Price Performance

The stock has a market capitalization of $4.58 billion, a P/E ratio of 696.47, a price-to-earnings-growth ratio of 1.86 and a beta of 1.19. The business's 50 day simple moving average is $28.73 and its two-hundred day simple moving average is $27.87. 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 quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.58). The business had revenue of $268.53 million for the quarter, compared to analyst estimates of $263.55 million. Cousins Properties had a net margin of 0.62% and a return on equity of 0.14%. The firm's quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 earnings per share. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. As a group, sell-side analysts forecast that Cousins Properties Incorporated will post 2.97 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Monday, October 5th will be paid a dividend of $0.32 per share. The ex-dividend date is Monday, October 5th. This represents a $1.28 dividend on an annualized basis and a yield of 4.6%. Cousins Properties's payout ratio is 3,200.00%.

Insider Transactions at Cousins Properties

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CUZ. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Cousins Properties during the 1st quarter valued at $1,773,000. BROOKFIELD Corp ON purchased a new position in Cousins Properties during the 1st quarter worth $5,552,000. Squarepoint Ops LLC grew its stake in shares of Cousins Properties by 474.1% in the 2nd quarter. Squarepoint Ops LLC now owns 292,324 shares of the real estate investment trust's stock worth $8,764,000 after acquiring an additional 241,401 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Cousins Properties in the 2nd quarter worth $7,084,000. Finally, Royal Bank of Canada grew its stake in shares of 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 acquiring an additional 66,585 shares in the last quarter. Institutional investors own 94.38% of the company's stock.

About Cousins Properties

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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