Cousins Properties (NYSE:CUZ) Announces Earnings Results, Misses Expectations By $0.54 EPS

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

Cousins Properties Stock Performance

Shares of CUZ stock traded up $0.39 on Monday, hitting $23.26. 1,217,713 shares of the stock were exchanged, 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 PE ratio of 47.46, a P/E/G ratio of 6.14 and a beta of 1.27. Cousins Properties has a one year low of $17.40 and a one year high of $25.19. The firm’s 50 day moving average is $23.05 and its two-hundred day moving average is $22.20.

Cousins Properties Announces Dividend

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

Wall Street Analyst Weigh In

CUZ has been the subject of a number of analyst reports. Truist Financial lowered their price target on Cousins Properties from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, January 16th. StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Finally, Barclays reduced their price objective on Cousins Properties from $29.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Cousins Properties presently has an average rating of “Hold” and an average target price of $23.67.

Cousins Properties Company Profile

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.