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

Cousins Properties (NYSE:CUZ) released 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 business had revenue of $209.20 million for 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%. Cousins Properties’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 EPS.

Cousins Properties Price Performance

Shares of Cousins Properties stock traded up $0.39 on Monday, hitting $23.26. The company had a trading volume of 1,217,713 shares, compared to its average volume of 1,604,740. The business has a 50-day simple moving average of $23.05 and a 200-day simple moving average of $22.20. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $3.54 billion, a PE ratio of 47.51, a PEG ratio of 6.14 and a beta of 1.27. Cousins Properties has a 52 week low of $17.40 and a 52 week high of $25.19.

Cousins Properties Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CUZ shares. StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Barclays dropped their price objective on shares of Cousins Properties from $29.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 27th. Finally, Truist Financial dropped their price target on shares of Cousins Properties from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average 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.