Cousins Properties Inc. (CUZ) Shares Rise Despite Market Challenges

Cousins Properties Inc. (NYSE: CUZ) has seen a rise in its stock price by 3.33 in relation to its previous close of 22.81. However, the company has experienced a -0.80% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-12 that After covering the Winners of REIT Earnings Season last week, Part 2 of our Earnings Recap focuses on the worst-performing property sectors and common threads shared by these laggards. While there were no major “bombshells” this earnings season, there were pockets of relative weakness seen in the interest-rate-sensitive property sectors – net lease and office – along with goods-oriented sectors. Surging interest expense – not property-level fundamentals – was again the culprit behind much of this pain, underscoring the continued challenges facing more highly leveraged private real estate portfolios.

Is It Worth Investing in Cousins Properties Inc. (NYSE: CUZ) Right Now?

The price-to-earnings ratio for Cousins Properties Inc. (NYSE: CUZ) is above average at 43.18x. The 36-month beta value for CUZ is also noteworthy at 1.25. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”

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The public float for CUZ is 150.49M, and at present, short sellers hold a 2.49% of that float. The average trading volume of CUZ on March 28, 2024 was 1.69M shares.

CUZ’s Market Performance

CUZ’s stock has seen a -0.80% decrease for the week, with a 3.20% rise in the past month and a -3.76% fall in the past quarter. The volatility ratio for the week is 2.87%, and the volatility levels for the past 30 days are at 2.64% for Cousins Properties Inc. The simple moving average for the past 20 days is 1.05% for CUZ’s stock, with a 6.45% simple moving average for the past 200 days.

Analysts’ Opinion of CUZ

Many brokerage firms have already submitted their reports for CUZ stocks, with JP Morgan repeating the rating for CUZ by listing it as a “Overweight.” The predicted price for CUZ in the upcoming period, according to JP Morgan is $27 based on the research report published on December 18, 2023 of the previous year 2023.

Truist, on the other hand, stated in their research note that they expect to see CUZ reach a price target of $28, previously predicting the price at $27. The rating they have provided for CUZ stocks is “Buy” according to the report published on September 15th, 2023.

KeyBanc Capital Markets gave a rating of “Underweight” to CUZ, setting the target price at $19 in the report published on September 12th of the previous year.

CUZ Trading at 1.90% from the 50-Day Moving Average

After a stumble in the market that brought CUZ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.43% of loss for the given period.

Volatility was left at 2.64%, however, over the last 30 days, the volatility rate increased by 2.87%, as shares surge +4.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.21% lower at present.

During the last 5 trading sessions, CUZ fell by -0.80%, which changed the moving average for the period of 200-days by +9.32% in comparison to the 20-day moving average, which settled at $23.37. In addition, Cousins Properties Inc. saw -3.20% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for CUZ

Current profitability levels for the company are sitting at:

  • 0.24 for the present operating margin
  • 0.67 for the gross margin

The net margin for Cousins Properties Inc. stands at 0.1. The total capital return value is set at 0.03. Equity return is now at value 1.81, with 1.09 for asset returns.

Based on Cousins Properties Inc. (CUZ), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 0.65. The interest coverage ratio of the stock is 1.79.

Currently, EBITDA for the company is 503.67 million with net debt to EBITDA at 4.97. When we switch over and look at the enterprise to sales, we see a ratio of 7.58. The receivables turnover for the company is 3.64for trailing twelve months and the total asset turnover is 0.11.

Conclusion

In summary, Cousins Properties Inc. (CUZ) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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