Cousins Properties (NYSE:CUZ) Announces Quarterly Earnings Results

Cousins Properties (NYSE:CUZ) posted its quarterly earnings data on Friday. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.54), Zacks reports. The company had revenue of $209.20 million for the quarter, compared to analyst estimates of $199.35 million. Cousins Properties had a return on equity of 1.62% and a net margin of 9.15%. Cousins Properties’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 EPS.

Cousins Properties Price Performance

Cousins Properties stock traded up $0.39 during mid-day trading on Monday, hitting $23.26. 1,217,713 shares of the company were exchanged, compared to its average volume of 1,604,740. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.57. The business has a fifty day moving average of $23.05 and a 200 day moving average of $22.20. Cousins Properties has a 1-year low of $17.40 and a 1-year high of $25.19. The company has a market capitalization of $3.54 billion, a PE ratio of 47.46, a price-to-earnings-growth ratio of 6.14 and a beta of 1.27.

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, April 4th were paid a $0.32 dividend. The ex-dividend date was Wednesday, April 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.50%. Cousins Properties’s payout ratio is 261.22%.

Wall Street Analyst Weigh In

Several analysts have issued reports on CUZ shares. Truist Financial cut their price objective on Cousins Properties from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, January 16th. StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a report on Thursday, April 11th. Finally, Barclays dropped their target price on Cousins Properties from $29.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Cousins Properties has a consensus rating of “Hold” and an average target price of $23.67.

About Cousins Properties

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.