Cousins Properties (NYSE:CUZ) announced its earnings results on Wednesday. The real estate investment trust reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.12, Bloomberg Earnings reports. The business had revenue of $113.35 million during the quarter, compared to the consensus estimate of $113.10 million. Cousins Properties had a return on equity of 7.77% and a net margin of 46.90%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 EPS. Cousins Properties updated its FY18 guidance to $0.59 to $0.63 EPS.
NYSE CUZ opened at $8.47 on Thursday. Cousins Properties has a one year low of $7.81 and a one year high of $9.63. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.02 and a quick ratio of 2.02. The firm has a market capitalization of $3,565.71, a P/E ratio of 13.89, a PEG ratio of 3.56 and a beta of 0.93.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Tuesday, April 3rd were paid a $0.065 dividend. This is an increase from Cousins Properties’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a yield of 3.07%. The ex-dividend date was Monday, April 2nd. Cousins Properties’s dividend payout ratio is currently 42.62%.
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About Cousins Properties
Cousins Properties Incorporated is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA, acting through its operating partnership, Cousins Properties LP, primarily invests in Class-A office towers located in high growth Sunbelt markets.
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