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.

TRADEMARK VIOLATION NOTICE: “Cousins Properties (CUZ) Issues FY18 Earnings Guidance” was first reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another site, it was stolen and republished in violation of U.S. & international trademark and copyright law. The legal version of this piece can be viewed at https://www.com-unik.info/2018/02/07/cousins-properties-cuz-issues-fy18-earnings-guidance.html.

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)

Receive News & Ratings for Cousins Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cousins Properties and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit