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

Cousins Properties (NYSE:CUZ) issued its quarterly earnings results on Friday. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.54), Zacks reports. The business 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%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 EPS.

Cousins Properties Trading Up 1.7 %

Shares of Cousins Properties stock traded up $0.39 during mid-day trading 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 50-day simple moving average of $23.05 and a 200 day simple moving average of $22.20. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.57. Cousins Properties has a twelve month low of $17.40 and a twelve month high of $25.19. The stock has a market capitalization of $3.54 billion, a price-to-earnings 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 declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, April 4th were paid a dividend of $0.32 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $1.28 annualized dividend and a dividend yield of 5.50%. Cousins Properties’s dividend payout ratio is currently 261.22%.

Wall Street Analyst Weigh In

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