Cousins Properties Incorporated (NYSE: CUZ) stock jumped 3.06% on Thursday to $22.59 against a previous-day closing price of $21.92. With 1.3 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.47 million shares. During the session, the REIT – Office company that operates in wider Real Estate sector, reached to the highest price of $22.74 whereas the lowest price it dropped to was $22.25. The 52-week range on CUZ shows that it touched its highest point at $28.66 and its lowest point at $18.06 during that stretch. It currently has a 1-year price target of $26.11. With its current market cap of 3.39 billion, CUZ has annualized dividend of $1.28 while the current yield stands at 5.67%. Beta for the stock currently stands at 1.15.
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 -1.09%, but this was up by 1.39% over a month. Three-month performance surged to 3.77% while six-month performance rose 7.26%. The stock lost -17.61% in the past year, while it has lost -10.68% so far this year. A look at the trailing 12-month EPS for CUZ yields 0.99 with Next year EPS estimates of 0.46. For the next quarter, that number is 0.12. This implies an EPS growth rate of -40.70% for this year and -55.39% for next year.
Float and Shares Shorts:
At present, 151.72 million CUZ shares are outstanding with a float of 150.79 million shares on hand for trading. On Aug 30, 2023, short shares totaled 4.55 million, which was 3.00% higher than short shares on Jul 30, 2023.
Through their ownership of 106.57% of CUZ’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 59.04% of CUZ, in contrast to 51.82% held by mutual funds. Shares owned by individuals account for 0.82%. As the largest shareholder in CUZ with 14.28% of the stake, The Vanguard Group, Inc. holds 21,667,240 shares worth 21,667,240. A second-largest stockholder of CUZ, Cohen & Steers Capital Management, holds 16,649,365 shares, controlling over 10.97% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in CUZ, holding 15,086,750 shares or 9.94% stake. With a 5.42% stake in CUZ, the Stichting Pensioenfonds ABP is the largest stakeholder. A total of 8,229,092 shares are owned by the mutual fund manager. The Vanguard Real Estate Index Fund, which owns about 4.21% of CUZ stock, is the second-largest Mutual Fund holder. It holds 6,393,921 shares valued at 156.2 million. Cohen & Steers Real Estate Securi holds 3.30% of the stake in CUZ, owning 5,015,353 shares worth 122.53 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 Jun 29, 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 $29.00 and a low target of $19.00, the average target price over the next 12 months is $25.64. Based on these targets, CUZ could surge 28.38% to reach the target high and fall by -15.89% to reach the target low. Reaching the average price target will result in a growth of 13.5% 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 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 33 while that of sell transactions has risen to 30 over the past year. The total number of shares bought during that period was 344,851 while 123,039 shares were sold.