Cousins Properties (NYSE:CUZ) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Cousins Properties (NYSE:CUZ) issued its quarterly earnings results on Thursday. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01, Zacks reports. Cousins Properties had a negative return on equity of 0.11% and a negative net margin of 0.52%.The business had revenue of $268.53 million during the quarter, compared to analyst estimates of $263.55 million. During the same quarter in the prior year, the business posted $0.70 EPS. Cousins Properties’s revenue for the quarter was up 11.8% compared to the same quarter last year. Cousins Properties updated its FY 2026 guidance to 2.920-2.980 EPS.

Cousins Properties Trading Down 1.2%

CUZ traded down $0.40 during trading on Thursday, reaching $31.90. The company had a trading volume of 2,443,444 shares, compared to its average volume of 1,410,254. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.83. The business has a 50 day simple moving average of $29.51 and a 200-day simple moving average of $26.14. The stock has a market cap of $5.25 billion, a P/E ratio of -1,062.98, a PEG ratio of 2.37 and a beta of 1.19. Cousins Properties has a 52 week low of $21.03 and a 52 week high of $32.95.

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Monday, July 6th were given a $0.32 dividend. The ex-dividend date was Monday, July 6th. This represents a $1.28 dividend on an annualized basis and a yield of 4.0%. Cousins Properties’s dividend payout ratio (DPR) is currently -4,266.67%.

Wall Street Analyst Weigh In

Several research firms have weighed in on CUZ. Weiss Ratings upgraded Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Evercore reissued an “outperform” rating and set a $34.00 price objective on shares of Cousins Properties in a report on Monday, July 6th. Barclays increased their price target on Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Mizuho upped their price objective on Cousins Properties from $27.00 to $33.00 and gave the stock an “outperform” rating in a report on Tuesday, July 21st. Finally, Wall Street Zen raised shares of Cousins Properties from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 12th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $30.91.

Institutional Investors Weigh In On Cousins Properties

Hedge funds and other institutional investors have recently made changes to their positions in the company. Arax Advisory Partners purchased a new position in shares of Cousins Properties during the 4th quarter worth about $39,000. Danske Bank A S purchased a new stake in Cousins Properties in the 3rd quarter worth about $52,000. State of Wyoming bought a new stake in Cousins Properties in the fourth quarter worth about $61,000. EverSource Wealth Advisors LLC lifted its stake in Cousins Properties by 55.9% in the second quarter. EverSource Wealth Advisors LLC now owns 2,100 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 753 shares during the last quarter. Finally, Quadrant Capital Group LLC purchased a new position in shares of Cousins Properties during the third quarter valued at approximately $80,000. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Cousins Properties Company Profile

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.