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

Cousins Properties (NYSE:CUZ) posted its quarterly earnings data on Friday. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.54), Zacks reports. The company had revenue of $209.20 million during 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 business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 EPS.

Cousins Properties Stock Performance

Cousins Properties stock traded up $0.39 during trading hours on Monday, reaching $23.26. 1,217,713 shares of the company were exchanged, compared to its average volume of 1,604,740. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 47.46, a PEG ratio of 6.14 and a beta of 1.27. 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 stock has a 50-day moving average of $23.05 and a 200 day moving average of $22.20. Cousins Properties has a 12 month low of $17.40 and a 12 month high of $25.19.

Cousins Properties Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CUZ shares. Truist Financial reduced their price objective 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. Barclays reduced their price objective 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. Finally, StockNews.com raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.