Cousins Properties Inc (CUZ) Sets New 12-Month High at $11.30
Cousins Properties Inc (NYSE:CUZ) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $11.30 and last traded at $11.14, with a volume of 626,077 shares traded. The stock had previously closed at $11.00.
CUZ has been the subject of several research reports. Zacks Investment Research downgraded shares of Cousins Properties from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Robert W. Baird downgraded shares of Cousins Properties from an “outperform” rating to a “neutral” rating and set a $11.00 price objective for the company. in a research report on Wednesday, August 17th.
The firm has a market capitalization of $2.34 billion and a price-to-earnings ratio of 16.84. The firm’s 50-day moving average price is $10.69 and its 200-day moving average price is $10.31.
Cousins Properties (NYSE:CUZ) last posted its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.21 earnings per share 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 analysts’ expectations of $89.52 million. During the same quarter last year, the firm earned $0.21 earnings per share. Cousins Properties’s revenue was down 5.3% on a year-over-year basis. On average, analysts forecast that Cousins Properties Inc will post $0.87 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Tuesday, August 23rd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Friday, August 19th.
A hedge fund recently raised its stake in Cousins Properties stock. Principal Financial Group Inc. boosted its position in Cousins Properties Inc (NYSE:CUZ) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,388,459 shares of the real estate investment trust’s stock after buying an additional 63,664 shares during the period. Principal Financial Group Inc. owned about 0.65% of Cousins Properties worth $13,093,000 at the end of the most recent quarter.
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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