Cousins Properties (CUZ) Issues FY18 Earnings Guidance

Cousins Properties (NYSE:CUZ) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided EPS guidance of $0.59-0.63 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.61.

Shares of Cousins Properties (NYSE:CUZ) traded up $0.02 during mid-day trading on Wednesday, hitting $8.50. The company’s stock had a trading volume of 2,724,147 shares, compared to its average volume of 3,093,983. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.83 and a quick ratio of 0.83. Cousins Properties has a 52 week low of $7.81 and a 52 week high of $9.63. The company has a market cap of $3,570.00, a P/E ratio of 14.66 and a beta of 1.14.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were given a $0.06 dividend. The ex-dividend date was Friday, December 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.82%. Cousins Properties’s dividend payout ratio is currently 41.38%.

CUZ has been the subject of several analyst reports. ValuEngine upgraded Cousins Properties from a hold rating to a buy rating in a research report on Tuesday, October 10th. Bank of America upgraded Cousins Properties from a neutral rating to a buy rating and set a $10.00 target price for the company in a research report on Monday, December 4th. Finally, Zacks Investment Research upgraded Cousins Properties from a sell rating to a hold rating in a research report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $10.10.

In related news, insider S Taylor Glover sold 74,351 shares of the firm’s stock in a transaction that occurred 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 owns 485,284 shares in the company, valued at approximately $4,566,522.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.14% of the stock is owned by company insiders.

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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.

Earnings History and Estimates for Cousins Properties (NYSE:CUZ)

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