Cousins Properties Hits New 1-Year High at $12.77 (CUZ)
Shares of Cousins Properties (NYSE:CUZ) hit a new 52-week high during trading on Monday , Analyst Ratings News reports. The stock traded as high as $12.77 and last traded at $12.75, with a volume of 306,273 shares changing hands. The stock had previously closed at $12.74.
A number of analysts have recently weighed in on CUZ shares. Analysts at Zacks reiterated a “neutral” rating on shares of Cousins Properties in a research note on Wednesday, July 16th. They now have a $13.00 price target on the stock. Separately, analysts at Robert W. Baird raised their price target on shares of Cousins Properties from $12.00 to $13.00 in a research note on Wednesday, May 14th. They now have an “outperform” rating on the stock. Finally, analysts at Stifel Nicolaus upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. They now have a $13.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $12.75.
The stock’s 50-day moving average is $12.42 and its 200-day moving average is $11.60. The company has a market cap of $2.532 billion and a P/E ratio of 34.62.
Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $81.72 million for the quarter, compared to the consensus estimate of $77.92 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 113.6% on a year-over-year basis. Analysts expect that Cousins Properties will post $0.73 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, August 25th. Stockholders of record on Monday, August 11th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Thursday, August 7th.
Cousins Properties Incorporated (NYSE:CUZ) is a real estate investment trust (REIT).
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