Many stocks have been testing new highs in 2020, and one of the most notable is Cousins Properties Incorporated (CUZ). Currently, CUZ is trading at $36.11 and the avg recommendation for the stock is Strong Buy. while the current analyst price target stands at $36.60.
To add more color to this target, the company’s high over the last year is $42.99 and the low is $21.15. Over the last 52 weeks, CUZ is down -16.00% while the S&P 500 is up 1.21%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, CUZ reported a profit of $51.57 million. Cousins Properties Incorporated also saw revenues increase to $193.9 million. In addition, CUZ has free cash flow of -$55.02 million as of 03-2020 The company’s EBITDA came in at $122.97 million which compares well with its peers.
CUZ booked profit margins of 40.40%, its Return on Equity (ROE) is 6.60%, and its Return on Assets is 4.20%. All told, it is clear that, CUZ needs to be on your watchlist.
About Cousins Properties Incorporated
If readers are unfamiliar, Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets. The Company has a comprehensive strategy in place based on a simple platform, trophy assets and opportunistic investments.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CUZ has a short ratio of 3.96 and outstanding shares of 147.42M.
CUZ has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.83 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.90. Investors should also keep an eye on sector updates as CUZ has historically followed its peers on positive news.
All told, Cousins Properties Incorporated CUZ has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CUZ represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Cousins Properties Incorporated CUZ is now commanding a market cap of 5.36B and a float of 147.44M. CUZ is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CUZ stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in CUZ, either long or short, and we have not been compensated for this article.