Cousins Properties (NYSE:CUZ) Releases Quarterly Earnings Results, Meets Expectations

Key Points

• Cousins Properties reported earnings of $0.70 per share for the quarter, meeting analysts' expectations, and a revenue of $237.72 million, which fell short of estimates.
• The company announced a quarterly dividend of $0.32 per share, yielding 4.8%, with a high dividend payout ratio of 345.95%.
• Analysts have mixed ratings on Cousins Properties, with a majority holding a "Hold" rating and a price target averaging $32.50.

Cousins Properties (NYSE:CUZ - Get Free Report) posted its quarterly earnings data on Thursday. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.70, Zacks reports. The firm had revenue of $237.72 million for the quarter, compared to the consensus estimate of $243.73 million. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%. The company's quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 EPS. Cousins Properties updated its FY 2025 guidance to 2.790-2.850 EPS.

Cousins Properties Stock Performance

Shares of NYSE:CUZ traded up $0.26 during trading on Wednesday, hitting $26.96. 841,393 shares of the company traded hands, compared to its average volume of 1,496,096. Cousins Properties has a one year low of $24.07 and a one year high of $32.55. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 72.85, a PEG ratio of 2.47 and a beta of 1.33. The business's fifty day moving average is $28.97 and its 200-day moving average is $28.82. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.72.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Monday, July 7th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.28 annualized dividend and a dividend yield of 4.7%. Cousins Properties's dividend payout ratio is 345.95%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CUZ shares. Evercore ISI upped their price target on Cousins Properties from $30.00 to $31.00 and gave the stock an "in-line" rating in a report on Monday, May 19th. Truist Financial downgraded Cousins Properties from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a report on Wednesday, July 2nd. Mizuho upped their price target on Cousins Properties from $30.00 to $31.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Wells Fargo & Company cut their price target on Cousins Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Finally, Wall Street Zen downgraded Cousins Properties from a "hold" rating to a "sell" rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Cousins Properties has an average rating of "Hold" and an average target price of $32.50.

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.