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

Cousins Properties (NYSE:CUZ) announced its quarterly earnings data 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 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%. Cousins Properties’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 EPS.

Cousins Properties Price Performance

NYSE:CUZ traded up $0.39 during mid-day trading on Monday, hitting $23.26. 1,217,713 shares of the company’s stock traded hands, compared to its average volume of 1,604,740. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap 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. The firm’s 50 day simple moving average is $23.05 and its 200 day simple moving average is $22.20. Cousins Properties has a 1 year low of $17.40 and a 1 year high of $25.19.

Cousins Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, April 4th were given a $0.32 dividend. 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 dividend payout ratio is presently 261.22%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CUZ shares. Truist Financial dropped 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 raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Finally, Barclays cut their price target 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 investment 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.com, the company currently has a consensus 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.