Cousins Properties Incorporated (NYSE: CUZ) stock fell -1.64% on Friday to $25.17 against a previous-day closing price of $25.59. With 1.14 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.93 million shares. During the session, the REIT – Office company that operates in wider Real Estate sector, reached to the highest price of $25.60 whereas the lowest price it dropped to was $24.90. The 52-week range on CUZ shows that it touched its highest point at $42.41 and its lowest point at $25.57 during that stretch. It currently has a 1-year price target of $35.81. With its current market cap of 3.80 billion, CUZ has annualized dividend of $1.28 while the current yield stands at 5.09%. Beta for the stock currently stands at 1.06.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CUZ was down-trending over the past week, with a drop of -6.12%, but this was down by -12.42% over a month. Three-month performance dropped to -14.59% while six-month performance fell -35.16%. The stock lost -32.92% in the past year, while it has lost -37.51% so far this year. A look at the trailing 12-month EPS for CUZ yields 1.90 with Next year EPS estimates of 0.87. For the next quarter, that number is 0.20. This implies an EPS growth rate of 17.10% for this year and 7.41% for next year.
Float and Shares Shorts:
At present, 151.43 million CUZ shares are outstanding with a float of 150.66 million shares on hand for trading. On Jul 14, 2022, short shares totaled 5.17 million, which was 3.47% higher than short shares on Jun 14, 2022. In addition to Mr. Michael Colin Connolly as the firm’s Pres, CEO & Director, Mr. Gregg D. Adzema serves as its Exec. VP & CFO.
Through their ownership of 105.71% of CUZ’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 58.44% of CUZ, in contrast to 46.95% held by mutual funds. Shares owned by individuals account for 0.68%. As the largest shareholder in CUZ with 14.07% of the stake, The Vanguard Group, Inc. holds 21,299,156 shares worth 21,299,156. A second-largest stockholder of CUZ, BlackRock Fund Advisors, holds 14,282,827 shares, controlling over 9.43% of the firm’s shares. Principal Global Investors LLC is the third largest shareholder in CUZ, holding 12,077,172 shares or 7.98% stake. With a 4.50% stake in CUZ, the Vanguard Real Estate Index Fund is the largest stakeholder. A total of 6,820,035 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.93% of CUZ stock, is the second-largest Mutual Fund holder. It holds 4,433,669 shares valued at 119.04 million. iShares Core S&P Mid Cap ETF holds 2.88% of the stake in CUZ, owning 4,365,580 shares worth 117.22 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CUZ since 8 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CUZ analysts setting a high price target of $43.00 and a low target of $31.00, the average target price over the next 12 months is $35.86. Based on these targets, CUZ could surge 70.84% to reach the target high and rise by 23.16% to reach the target low. Reaching the average price target will result in a growth of 42.47% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CUZ will report FY 2022 earnings on 02/08/2023. Analysts have provided yearly estimates in a range of $0.81 being high and $0.81 being low. For CUZ, this leads to a yearly average estimate of $0.81. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Cousins Properties Incorporated surprised analysts by $0.03 when it reported $0.23 EPS against a consensus estimate of $0.20. The surprise factor in the prior quarter was $0.03. Based on analyst estimates, the high estimate for the next quarter is $0.20 and the low estimate is $0.20. The average estimate for the next quarter is thus $0.20.
Summary of Insider Activity:
Insiders traded CUZ stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 21 while that of sell transactions has risen to 20 over the past year. The total number of shares bought during that period was 117,940 while 17,223 shares were sold.