Cousins Properties Incorporated Declares Quarterly Dividend of $0.32 (NYSE:CUZ)

Cousins Properties Incorporated (NYSE:CUZ) declared a quarterly dividend on Thursday, June 18th. Shareholders of record on Monday, July 6th will be given a dividend of 0.32 per share by the real estate investment trust on Thursday, July 16th. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Monday, July 6th.

Cousins Properties has decreased its dividend by an average of 0.0%annually over the last three years. Cousins Properties has a payout ratio of 278.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Cousins Properties to earn $3.05 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 42.0%.

Cousins Properties Price Performance

Shares of NYSE:CUZ opened at $28.29 on Friday. The company’s fifty day moving average price is $26.14 and its 200-day moving average price is $25.04. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of -942.79, a PEG ratio of 2.05 and a beta of 1.21. Cousins Properties has a one year low of $21.03 and a one year high of $30.79. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.21 and a quick ratio of 1.21.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.21). Cousins Properties had a negative net margin of 0.52% and a negative return on equity of 0.11%. The company had revenue of $263.11 million for the quarter, compared to analysts’ expectations of $256.77 million. During the same quarter last year, the business posted $0.74 EPS. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. On average, equities research analysts anticipate that Cousins Properties will post 2.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Truist Financial lowered their price target on Cousins Properties from $28.00 to $24.00 and set a “hold” rating on the stock in a research report on Tuesday, March 17th. Evercore reiterated an “outperform” rating on shares of Cousins Properties in a research report on Monday, June 8th. Wall Street Zen raised Cousins Properties from a “strong sell” rating to a “sell” rating in a report on Saturday, June 13th. Capital One Financial set a $27.00 price objective on Cousins Properties in a report on Thursday, March 12th. Finally, Barclays dropped their target price on Cousins Properties from $34.00 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.73.

About Cousins Properties

Cousins Properties Incorporated (NYSE: CUZ) is a publicly traded real estate investment trust (REIT) specializing in the development, acquisition and management of high-quality office and mixed-use properties. Headquartered in Atlanta, the company focuses on urban infill and suburban markets across the Sun Belt, with a strong presence in metropolitan areas such as Atlanta, Austin, Charlotte, Nashville, Orlando and Tampa. Its core activities encompass full-service property leasing, asset management and construction oversight, serving a diverse mix of corporate and institutional tenants.

Founded in 1958 as a privately held real estate concern, Cousins Properties completed its initial public offering in 1992.