Cousins Properties Inc (NYSE:CUZ) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totalling 5,567,900 shares, a decrease of 79.5% from the May 30th total of 27,096,500 shares. Based on an average daily volume of 2,340,000 shares, the days-to-cover ratio is presently 2.4 days. Currently, 1.3% of the company’s shares are short sold.
Shares of CUZ stock traded up $0.09 during trading hours on Friday, hitting $37.71. 1,085,332 shares of the company were exchanged, compared to its average volume of 3,765,639. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 3.24 and a beta of 0.90. Cousins Properties has a fifty-two week low of $30.12 and a fifty-two week high of $40.40. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.15 and a current ratio of 1.15. The company’s 50 day simple moving average is $23.91.
Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The company had revenue of $123.30 million during the quarter, compared to the consensus estimate of $122.55 million. Cousins Properties had a net margin of 20.18% and a return on equity of 3.49%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 EPS. On average, analysts anticipate that Cousins Properties will post 2.91 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Wednesday, July 3rd will be given a dividend of $0.29 per share. This is an increase from Cousins Properties’s previous quarterly dividend of $0.07. The ex-dividend date is Tuesday, July 2nd. This represents a $1.16 annualized dividend and a dividend yield of 3.08%. Cousins Properties’s dividend payout ratio (DPR) is 46.03%.
A number of analysts have weighed in on the stock. Zacks Investment Research downgraded shares of HEXO from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $10.67.
Hedge funds have recently made changes to their positions in the company. Penserra Capital Management LLC acquired a new stake in Cousins Properties in the 1st quarter valued at $36,000. Legacy Bridge LLC acquired a new stake in Cousins Properties in the 2nd quarter valued at $36,000. Trustcore Financial Services LLC acquired a new stake in Cousins Properties in the 1st quarter valued at $46,000. Quadrant Capital Group LLC grew its position in Cousins Properties by 3,761.0% in the 1st quarter. Quadrant Capital Group LLC now owns 9,498 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 9,252 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in Cousins Properties by 11.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,373 shares of the real estate investment trust’s stock valued at $97,000 after purchasing an additional 1,255 shares during the period.
About Cousins Properties
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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