Cousins Properties (NYSE:CUZ) Issues Quarterly Earnings Results

Cousins Properties (NYSE:CUZ) posted its quarterly earnings results 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. Cousins Properties had a return on equity of 1.62% and a net margin of 9.15%. The firm had revenue of $209.20 million for the quarter, compared to the consensus estimate of $199.35 million. During the same period last year, the company posted $0.65 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year.

Cousins Properties Stock Performance

NYSE CUZ traded up $0.39 during trading on Monday, reaching $23.26. The company’s stock had a trading volume of 1,217,713 shares, compared to its average volume of 1,604,740. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 47.51, a price-to-earnings-growth ratio of 6.14 and a beta of 1.27. Cousins Properties has a 12 month low of $17.40 and a 12 month high of $25.19. The firm has a 50 day moving average price of $23.05 and a 200 day moving average price of $22.20.

Cousins Properties Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on CUZ shares. Barclays dropped their price objective on shares of Cousins Properties from $29.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 27th. Truist Financial dropped their price objective on shares of Cousins Properties from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, January 16th. Finally, StockNews.com raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th. 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 MarketBeat, Cousins Properties currently has an average rating of “Hold” and an average price target 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.