Cousins Properties (NYSE:CUZ) Stock Crosses Above 200-Day Moving Average – Here’s Why

Shares of Cousins Properties Incorporated (NYSE:CUZ) passed above its 200-day moving average during trading on Monday. The stock has a 200-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 Analysts Forecast Growth

Several brokerages have commented on CUZ. Wall Street Zen raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cousins Properties in a research report on Tuesday, September 22nd. Barclays increased 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. Mizuho set a $34.00 target price on Cousins Properties in a research note on Tuesday, September 8th. Finally, Evercore set a $33.00 price target on Cousins Properties in a research report on Monday, September 21st. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Cousins Properties has an average rating of “Moderate Buy” and a consensus price target of $31.09.

Cousins Properties Trading Down 0.5%

The company has a debt-to-equity ratio of 0.83, a current ratio of 1.01 and a quick ratio of 1.01. The business’s 50 day moving average is $29.12 and its 200 day moving average is $27.68. The stock has a market cap of $4.53 billion, a price-to-earnings ratio of 688.20, a P/E/G ratio of 1.84 and a beta of 1.19.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.16 earnings per share 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 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% on a year-over-year basis. 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, equities analysts expect 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 $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.7%. The ex-dividend date is Monday, October 5th. Cousins Properties’s dividend payout ratio is currently 3,200.00%.

Insiders Place Their Bets

In other Cousins Properties news, CAO Jeffrey Symes sold 6,033 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $29.44, for a total transaction of $177,611.52. Following the sale, the chief accounting officer owned 16,685 shares of the company’s stock, valued at approximately $491,206.40. This trade represents a 26.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.81% of the company’s stock.

Institutional Investors Weigh In On Cousins Properties

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its holdings in Cousins Properties by 23.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,248 shares of the real estate investment trust’s stock valued at $73,000 after purchasing an additional 614 shares in the last quarter. GAMMA Investing LLC boosted its position in Cousins Properties by 25.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,175 shares of the real estate investment trust’s stock valued at $95,000 after buying an additional 648 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Cousins Properties by 0.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 183,511 shares of the real estate investment trust’s stock valued at $4,142,000 after buying an additional 666 shares during the last quarter. Elevation Wealth Partners LLC grew its stake in shares of Cousins Properties by 92.3% during the second quarter. Elevation Wealth Partners LLC now owns 1,573 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 755 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Cousins Properties by 3.0% during the first quarter. SG Americas Securities LLC now owns 27,285 shares of the real estate investment trust’s stock valued at $616,000 after acquiring an additional 794 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

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.