1 week Ago By Defense World Staff
Cousins Properties Incorporated ( NYSE:CUZ – Get Free Report ) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $28.40 and traded as high as $30.
72. Cousins Properties shares last traded at $30.64, with a volume of 1,332,022 shares traded.
Analysts Set New Price Targets A number of research firms have issued reports on CUZ. Truist Financial raised their price target on shares of Cousins Properties from $30.00 to $33.
00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Barclays raised their price target on shares of Cousins Properties from $30.00 to $35.
00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. BMO Capital Markets lowered shares of Cousins Properties from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $31.00 to $32.
00 in a research report on Tuesday, December 3rd. Wells Fargo & Company raised their price target on shares of Cousins Properties from $31.00 to $34.
00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Finally, StockNews.com raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a research report on Monday, November 4th.
Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $33.
14. Check Out Our Latest Stock Report on CUZ Cousins Properties Stock Performance Cousins Properties ( NYSE:CUZ – Get Free Report ) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.
07 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.60).
Cousins Properties had a net margin of 6.17% and a return on equity of 1.14%.
The firm had revenue of $209.21 million for the quarter, compared to analysts’ expectations of $212.54 million.
During the same period last year, the firm earned $0.65 earnings per share. Cousins Properties’s revenue for the quarter was up 5.
2% compared to the same quarter last year. As a group, equities research analysts forecast that Cousins Properties Incorporated will post 2.68 EPS for the current year.
Cousins Properties Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Friday, January 3rd will be paid a $0.32 dividend.
The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.
18%. Cousins Properties’s dividend payout ratio is currently 387.88%.
Institutional Investors Weigh In On Cousins Properties A number of institutional investors have recently added to or reduced their stakes in CUZ. Massachusetts Financial Services Co. MA grew its stake in Cousins Properties by 3,768.
0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,337,416 shares of the real estate investment trust’s stock valued at $68,907,000 after acquiring an additional 2,276,986 shares during the period.
Rush Island Management LP acquired a new stake in Cousins Properties in the 3rd quarter valued at $46,393,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Cousins Properties by 411.9% during the 3rd quarter.
UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,113,403 shares of the real estate investment trust’s stock worth $32,823,000 after purchasing an additional 895,917 shares during the last quarter. Wellington Management Group LLP acquired a new stake in Cousins Properties during the 3rd quarter worth $20,276,000. Finally, Sumitomo Mitsui Trust Group Inc.
boosted its stake in Cousins Properties by 368.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc.
now owns 781,947 shares of the real estate investment trust’s stock worth $23,052,000 after purchasing an additional 615,118 shares during the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.
Cousins Properties Company Profile ( Get Free Report ) Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets. Further Reading Five stocks we like better than Cousins Properties Best Stocks Under $10.
00 Work and Play: Investing in the Rise of Bleisure Travel What is a Dividend King? Top Dividend Stocks to Buy Now as Bond Yields Could Lower Why Invest in High-Yield Dividend Stocks? SAP: AI Tailwinds Accelerating Enterprise Cloud Business Receive News & Ratings for Cousins Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cousins Properties and related companies with MarketBeat.com's FREE daily email newsletter ..
