Cousins Properties Incorporated (NYSE:CUZ) Announces Quarterly Dividend of $0.32

Cousins Properties Incorporated (NYSE:CUZ – Get Free Report) announced a quarterly dividend on Thursday, June 18th. Stockholders of record on Monday, July 6th will be given a dividend of 0.32 per share by the real estate investment trust on Thursday, July 16th. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Monday, July 6th.

Cousins Properties has decreased its dividend payment by an average of 0.0%annually over the last three years. Cousins Properties has a payout ratio of 278.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Cousins Properties to earn $3.05 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 42.0%.

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Cousins Properties Stock Up 2.1%

Shares of Cousins Properties stock opened at $28.29 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.21 and a current ratio of 1.21. Cousins Properties has a 52-week low of $21.03 and a 52-week high of $30.79. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of -942.79, a P/E/G ratio of 2.05 and a beta of 1.21. The company’s 50 day moving average price is $26.14 and its 200-day moving average price is $25.04.

Cousins Properties (NYSE:CUZ – Get Free Report) last issued its earnings results on Wednesday, April 29th. The real estate investment trust reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.21). Cousins Properties had a negative return on equity of 0.11% and a negative net margin of 0.52%.The firm had revenue of $263.11 million during the quarter, compared to analysts’ expectations of $256.77 million. During the same period in the previous year, the firm earned $0.74 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. Equities research analysts forecast that Cousins Properties will post 2.93 EPS for the current year.

About Cousins Properties

(Get Free Report)

Cousins Properties Incorporated (NYSE: CUZ) is a publicly traded real estate investment trust (REIT) specializing in the development, acquisition and management of high-quality office and mixed-use properties. Headquartered in Atlanta, the company focuses on urban infill and suburban markets across the Sun Belt, with a strong presence in metropolitan areas such as Atlanta, Austin, Charlotte, Nashville, Orlando and Tampa. Its core activities encompass full-service property leasing, asset management and construction oversight, serving a diverse mix of corporate and institutional tenants.

Founded in 1958 as a privately held real estate concern, Cousins Properties completed its initial public offering in 1992.

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