Cousins Properties Incorporated (NYSE: CUZ) stock fell -2.93% on Wednesday to $20.24 against a previous-day closing price of $20.85. With 1.37 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.94 million shares. During the session, the REIT – Office company that operates in wider Real Estate sector, reached to the highest price of $20.93 whereas the lowest price it dropped to was $20.15. The 52-week range on CUZ shows that it touched its highest point at $34.85 and its lowest point at $18.06 during that stretch. It currently has a 1-year price target of $25.70. With its current market cap of 3.05 billion, CUZ has annualized dividend of $1.28 while the current yield stands at 6.32%. Beta for the stock currently stands at 1.10.
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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 up-trending over the past week, with a rise of 2.27%, but this was down by -2.79% over a month. Three-month performance dropped to -20.09% while six-month performance fell -19.27%. The stock lost -40.14% in the past year, while it has lost -19.97% so far this year. A look at the trailing 12-month EPS for CUZ yields 1.07 with Next year EPS estimates of 0.65. For the next quarter, that number is 0.15. This implies an EPS growth rate of -40.70% for this year and 16.07% for next year.
Float and Shares Shorts:
At present, 151.58 million CUZ shares are outstanding with a float of 150.66 million shares on hand for trading. On Apr 27, 2023, short shares totaled 6.81 million, which was 4.49% higher than short shares on Mar 30, 2023. In addition to Mr. Michael Colin Connolly as the firm’s Pres, CEO & Director, Mr. Gregg D. Adzema serves as its Exec. VP & CFO.
Other institutions hold 56.61% of CUZ, in contrast to 55.82% held by mutual funds. Shares owned by individuals account for 0.77%. As the largest shareholder in CUZ with 14.63% of the stake, The Vanguard Group, Inc. holds 22,161,474 shares worth 22,161,474. A second-largest stockholder of CUZ, Cohen & Steers Capital Management, holds 16,757,073 shares, controlling over 11.06% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in CUZ, holding 15,102,920 shares or 9.97% stake. With a 4.39% stake in CUZ, the Vanguard Real Estate Index Fund is the largest stakeholder. A total of 6,655,133 shares are owned by the mutual fund manager. The Cohen & Steers Real Estate Securi, which owns about 3.31% of CUZ stock, is the second-largest Mutual Fund holder. It holds 5,015,153 shares valued at 109.38 million. Vanguard Total Stock Market ETF holds 3.11% of the stake in CUZ, owning 4,715,091 shares worth 102.84 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, CUZ reported revenue of $185.68M and operating income of $46.61M. The EBITDA in the recently reported quarter was $120.65M and diluted EPS was $0.23.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CUZ since 0 analysts follow the stock currently. 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 $28.00 and a low target of $22.00, the average target price over the next 12 months is $25.75. Based on these targets, CUZ could surge 38.34% to reach the target high and rise by 8.7% to reach the target low. Reaching the average price target will result in a growth of 27.22% 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.
Summary of Insider Activity:
Insiders traded CUZ stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 36,975 shares were sold. The number of buy transactions has increased to 32 while that of sell transactions has risen to 30 over the past year. The total number of shares bought during that period was 307,491 while 123,039 shares were sold.