The Vanguard Group, Inc. has recently announced that it has increased stake in Cousins Properties Incorporated (NYSE:CUZ) by 0.52%. After grabbing 22.16 million shares, the institutional investor is now in possession of 0.11 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 14.63% having worth around $483.34 million. Moreover, Cohen & Steers Capital Management increased its share by 2.86 million to have a control over 16.76 million shares. And BlackRock Fund Advisors raised its holdings to 94943.0 shares by acquiring 15.1 million shares or 9.97% of the stake.
Cousins Properties Incorporated (CUZ) concluded trading on 05/24/23 at a closing price of $20.24, with 1.37 million shares of worth about $27.72 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -19.27% during that period and on Wednesday the price saw a loss of about -2.93%. Currently the company’s common shares owned by public are about 151.58M shares, out of which, 150.66M shares are available for trading.
25-cent Stock Takes $11T Commodities Sector Digital
One brilliantly-run technology firm has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. Best of all, this upstart technology firm is currently trading undiscovered — below 25-cents per share — so very, very few investors know about it yet! For investors… it's an early-stage opportunity in a company that's bringing the US$11T global commodities sector straight into the 21st century.
All the details are in the FREE online report you can get here.
Sponsored
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 62 times over the past 12 months. They bought 307,491 shares in 32 of the transactions. In 30 selling transactions, insiders dumped 123,039 shares.
Vanguard Real Estate Index Fund, Cohen & Steers Real Estate Securi, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Cousins Properties Incorporated Vanguard Real Estate Index Fund is currently holding 6.66 million shares of worth totaling $145.15 million. The company recently came selling 15878.0 shares which brought its stake up to 4.39% of the company’s outstanding shares. Cohen & Steers Real Estate Securi bought 0.89 million shares, after which its hold over company’s outstanding shares expand to 3.31%, leaving 5.02 million shares with the mutual fund that have a worth of about $109.38 million. Vanguard Total Stock Market ETF, after buying 4.72 million shares, have now control over 3.11% of the stake in the company. It holds 2449.0 shares of worth $102.84 million.
Cousins Properties Incorporated (NYSE: CUZ) started trading at $20.71, below -$0.14 from concluding price of the previous day. However, the stock later moved at a day high price of 20.93, or with a loss of -2.93%. Stock saw a price change of 2.27% in past 5 days and over the past one month there was a price change of -2.79%. Year-to-date (YTD), CUZ shares are showing a performance of -19.97% which decreased to -40.14% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $18.06 but also hit the highest price of $34.85 during that period. The average intraday trading volume for Cousins Properties Incorporated shares is 1.94 million. The stock is currently trading -1.67% below its 20-day simple moving average (SMA20), while that difference is down -1.68% for SMA50 and it goes to -16.78% lower than SMA200.
The Vanguard Group, Inc. acquired 22.16 million shares of Cousins Properties Incorporated having value of about $483.34 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.11 million shares in the company valued at close to $2302886.96, or have control over 0.52% stake in the company. Cousins Properties Incorporated (NYSE: CUZ) currently have 151.58M outstanding shares and institutions hold larger chunk of about 111.58% of that. Holding of mutual funds in the company is about 55.82% while other institutional holders and individual stake holders have control over 56.61% and 0.77% of the stake respectively.
The stock has a current market capitalization of $3.05B and its 3Y-monthly beta is at 1.10. PE ratio of stock for trailing 12 months is 18.99, while it has posted earnings per share of $1.07 in the same period. It has a debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CUZ, volatility over the week remained 3.58% while standing at 3.33% over the month.
Analysts are in expectations that Cousins Properties Incorporated (CUZ) stock would likely to be making an EPS of $0.15 in the current quarter, while forecast for next quarter EPS is $0.14 and it is $0.65 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.14 which is $0.16 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.23 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -40.70% while it is estimated to increase by 16.07% in next year.
Analysts at 9 brokerage firms have issued recommendations for the Cousins Properties Incorporated (CUZ)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.40. Out of those 9 Wall Street analysts, 4 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
