Wall Street analysts expect that Cousins Properties Inc (NYSE:CUZ) will post $0.66 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Cousins Properties’ earnings, with the highest EPS estimate coming in at $0.74 and the lowest estimate coming in at $0.38. Cousins Properties posted earnings per share of $0.60 during the same quarter last year, which indicates a positive year-over-year growth rate of 10%. The company is expected to issue its next earnings results after the market closes on Wednesday, July 24th.
On average, analysts expect that Cousins Properties will report full-year earnings of $2.80 per share for the current year, with EPS estimates ranging from $2.27 to $2.93. For the next fiscal year, analysts expect that the firm will post earnings of $2.88 per share, with EPS estimates ranging from $2.81 to $2.96. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Cousins Properties.
Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. The company had revenue of $123.30 million for the quarter, compared to analyst estimates of $122.55 million. Cousins Properties had a net margin of 20.18% and a return on equity of 3.49%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the business posted $0.15 EPS.
Institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its position in shares of Cousins Properties by 11.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,373 shares of the real estate investment trust’s stock valued at $97,000 after acquiring an additional 1,255 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Cousins Properties by 3.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 298,964 shares of the real estate investment trust’s stock valued at $2,362,000 after acquiring an additional 10,200 shares in the last quarter. Trustcore Financial Services LLC acquired a new stake in shares of Cousins Properties during the 1st quarter valued at about $46,000. UBS Oconnor LLC acquired a new stake in shares of Cousins Properties during the 4th quarter valued at about $4,479,000. Finally, New York State Common Retirement Fund boosted its position in shares of Cousins Properties by 2.4% during the 1st quarter. New York State Common Retirement Fund now owns 977,807 shares of the real estate investment trust’s stock valued at $9,446,000 after acquiring an additional 22,911 shares in the last quarter.
NYSE CUZ opened at $36.17 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.40. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 3.24 and a beta of 0.96. The stock has a fifty day moving average of $16.10. Cousins Properties has a 52-week low of $30.12 and a 52-week high of $40.40.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Wednesday, July 3rd will be given a dividend of $0.29 per share. This is a positive change from Cousins Properties’s previous quarterly dividend of $0.07. This represents a $1.16 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Tuesday, July 2nd. Cousins Properties’s payout ratio is 46.03%.
About Cousins Properties
Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets.
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