Cousins Properties Incorporated (NYSE:CUZ) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 3,560,000 shares, an increase of 26.7% from the March 31st total of 2,810,000 shares. Based on an average trading volume of 912,600 shares, the short-interest ratio is currently 3.9 days.
Shares of NYSE CUZ traded up $0.55 during midday trading on Tuesday, hitting $36.87. The company’s stock had a trading volume of 828,287 shares, compared to its average volume of 904,459. The stock has a fifty day moving average price of $35.89 and a 200 day moving average price of $33.30. Cousins Properties has a one year low of $22.99 and a one year high of $38.15. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $5.48 billion, a price-to-earnings ratio of 15.82, a P/E/G ratio of 4.02 and a beta of 1.10.
Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Thursday, April 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. Cousins Properties had a net margin of 45.67% and a return on equity of 7.61%. On average, equities research analysts predict that Cousins Properties will post 2.8 earnings per share for the current fiscal year.
CUZ has been the topic of several research reports. Truist lowered shares of Cousins Properties from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $36.00 to $37.00 in a research report on Friday, January 22nd. Robert W. Baird raised shares of Cousins Properties from a “neutral” rating to an “outperform” rating and set a $42.00 price objective on the stock in a research report on Tuesday, April 20th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $36.63.
In other Cousins Properties news, Director Scott W. Fordham sold 43,750 shares of Cousins Properties stock in a transaction dated Monday, March 15th. The shares were sold at an average price of $36.79, for a total value of $1,609,562.50. Following the sale, the director now owns 194,179 shares of the company’s stock, valued at $7,143,845.41. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.67% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. State of Michigan Retirement System increased its holdings in Cousins Properties by 1.7% during the 1st quarter. State of Michigan Retirement System now owns 55,025 shares of the real estate investment trust’s stock worth $1,945,000 after acquiring an additional 900 shares during the period. Redpoint Investment Management Pty Ltd increased its holdings in Cousins Properties by 6.1% during the 4th quarter. Redpoint Investment Management Pty Ltd now owns 17,062 shares of the real estate investment trust’s stock worth $572,000 after acquiring an additional 981 shares during the period. Nkcfo LLC increased its holdings in Cousins Properties by 0.9% during the 1st quarter. Nkcfo LLC now owns 111,850 shares of the real estate investment trust’s stock worth $3,954,000 after acquiring an additional 1,000 shares during the period. Montag A & Associates Inc. bought a new stake in Cousins Properties during the 4th quarter worth approximately $39,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Cousins Properties by 1.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 72,678 shares of the real estate investment trust’s stock worth $2,435,000 after acquiring an additional 1,193 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.
Cousins Properties Company Profile
Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets.
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