Cousins Properties Inc. (CUZ) Reaches New 52-Week High at $11.30
Shares of Cousins Properties Inc. (NYSE:CUZ) hit a new 52-week high during trading on Friday . The company traded as high as $11.30 and last traded at $11.14, with a volume of 626,077 shares trading hands. The stock had previously closed at $11.00.
CUZ has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Wednesday, July 27th. Robert W. Baird cut shares of Cousins Properties from an “outperform” rating to a “neutral” rating and set a $11.00 target price for the company. in a research note on Wednesday, August 17th.
The company has a market capitalization of $2.35 billion and a P/E ratio of 16.87. The stock has a 50 day moving average price of $10.68 and a 200-day moving average price of $10.31.
Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Tuesday, July 26th. The real estate investment trust reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.01. The business had revenue of $92.70 million for the quarter, compared to analyst estimates of $89.52 million. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 EPS. On average, equities analysts forecast that Cousins Properties Inc. will post $0.87 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Tuesday, August 23rd will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, August 19th. This represents a $0.32 dividend on an annualized basis and a yield of 2.86%.
Cousins Properties Incorporated (Cousins) is a self-administered and self-managed real estate investment trust (REIT). The Company focuses on development, acquisition, leasing and property management. The Company’s investment strategy is to purchase Class A office assets or locate opportunistic development or redevelopment projects in its core markets to which it can add value through relationships, capital, or market expertise.
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