Cousins Properties (NYSE:CUZ) is set to post its quarterly earnings results after the market closes on Wednesday, February 7th. Analysts expect Cousins Properties to post earnings of $0.02 per share for the quarter.
Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The firm had revenue of $113.20 million during the quarter, compared to the consensus estimate of $113.51 million. Cousins Properties had a return on equity of 8.39% and a net margin of 48.08%. Cousins Properties’s revenue for the quarter was up 132.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.22 EPS. On average, analysts expect Cousins Properties to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Cousins Properties (NYSE:CUZ) opened at $8.92 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $3,805.39, a price-to-earnings ratio of 16.52 and a beta of 1.09. Cousins Properties has a twelve month low of $7.81 and a twelve month high of $9.63.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, December 29th. This represents a $0.24 dividend on an annualized basis and a yield of 2.69%. Cousins Properties’s dividend payout ratio (DPR) is 44.44%.
In other news, insider S Taylor Glover sold 74,351 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $9.41, for a total transaction of $699,642.91. Following the completion of the transaction, the insider now directly owns 485,284 shares in the company, valued at $4,566,522.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.14% of the stock is owned by company insiders.
Several brokerages have recently weighed in on CUZ. ValuEngine upgraded Cousins Properties from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. Zacks Investment Research downgraded Cousins Properties from a “buy” rating to a “hold” rating in a report on Monday, October 9th. Finally, Bank of America raised their price target on Cousins Properties from $9.50 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. Cousins Properties has an average rating of “Buy” and an average price target of $10.10.
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Cousins Properties Company Profile
Cousins Properties Incorporated is a self-administered and self-managed real estate investment trust. The Company’s segments include Office, Mixed-Use, Other, Atlanta, Austin, Charlotte, Orlando, Tampa, Phoenix and Other. It develops, acquires, leases, manages and owns primarily Class A office properties and opportunistic mixed-use developments in Sunbelt markets with a focus on Georgia, Texas and North Carolina.
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