Cousins Properties (NYSE:CUZ) Reaches New 12-Month Low – Here’s What Happened

Cousins Properties Incorporated (NYSE:CUZ) reached a new 52-week low during trading on Wednesday . The company traded as low as $23.34 and last traded at $23.3180, with a volume of 3037117 shares changing hands. The stock had previously closed at $25.15.

Analysts Set New Price Targets

CUZ has been the topic of a number of recent research reports. Evercore ISI reaffirmed an “outperform” rating on shares of Cousins Properties in a research report on Friday, February 6th. JPMorgan Chase & Co. lowered their target price on shares of Cousins Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research note on Tuesday, November 25th. Wells Fargo & Company dropped their price target on shares of Cousins Properties from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Wall Street Zen cut Cousins Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cousins Properties in a research report on Wednesday, January 21st. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.50.

Cousins Properties Price Performance

The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 96.30, a price-to-earnings-growth ratio of 1.94 and a beta of 1.21. The company has a 50 day moving average of $25.68 and a 200 day moving average of $26.74.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Thursday, February 5th. The real estate investment trust reported $0.71 EPS for the quarter, hitting analysts’ consensus estimates of $0.71. Cousins Properties had a return on equity of 0.85% and a net margin of 4.08%.The business had revenue of $255.03 million during the quarter, compared to the consensus estimate of $252.18 million. During the same period in the prior year, the firm posted $0.69 EPS. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. Cousins Properties has set its FY 2026 guidance at 2.870-2.970 EPS. As a group, equities research analysts forecast that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, January 5th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date was Monday, January 5th. Cousins Properties’s dividend payout ratio is presently 533.33%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CUZ. Principal Financial Group Inc. boosted its stake in Cousins Properties by 3.4% during the 4th quarter. Principal Financial Group Inc. now owns 12,890,208 shares of the real estate investment trust’s stock valued at $332,310,000 after purchasing an additional 419,911 shares in the last quarter. Resolution Capital Ltd boosted its position in shares of Cousins Properties by 0.6% in the second quarter. Resolution Capital Ltd now owns 5,919,230 shares of the real estate investment trust’s stock worth $177,754,000 after buying an additional 33,097 shares during the period. Centersquare Investment Management LLC raised its position in Cousins Properties by 2.4% during the third quarter. Centersquare Investment Management LLC now owns 5,668,140 shares of the real estate investment trust’s stock valued at $164,036,000 after buying an additional 132,479 shares during the period. Jennison Associates LLC boosted its holdings in shares of Cousins Properties by 51.5% during the second quarter. Jennison Associates LLC now owns 3,535,111 shares of the real estate investment trust’s stock worth $106,159,000 after purchasing an additional 1,200,952 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in Cousins Properties by 7.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,484,297 shares of the real estate investment trust’s stock valued at $100,836,000 after purchasing an additional 252,590 shares during the last quarter. Institutional investors own 94.38% of the company’s stock.

About Cousins Properties

Cousins Properties Incorporated (NYSE: CUZ) is a publicly traded real estate investment trust (REIT) specializing in the development, acquisition and management of high-quality office and mixed-use properties. Headquartered in Atlanta, the company focuses on urban infill and suburban markets across the Sun Belt, with a strong presence in metropolitan areas such as Atlanta, Austin, Charlotte, Nashville, Orlando and Tampa. Its core activities encompass full-service property leasing, asset management and construction oversight, serving a diverse mix of corporate and institutional tenants.

Founded in 1958 as a privately held real estate concern, Cousins Properties completed its initial public offering in 1992.