Cousins Properties (CUZ) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS

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.

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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%.

Several research analysts recently commented on CUZ shares. Zacks Investment Research downgraded Cousins Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. SunTrust Banks set a $10.00 price objective on Cousins Properties and gave the company a “buy” rating in a research note on Wednesday, February 14th. ValuEngine downgraded Cousins Properties from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Wells Fargo started coverage on Cousins Properties in a research note on Friday, April 20th. They issued a “market perform” rating and a $9.50 price objective for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $10.00.

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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.

Earnings History for Cousins Properties (NYSE:CUZ)

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