Cousins Properties Declares Quarterly Dividend of $0.05 (CUZ)
Cousins Properties (NYSE:CUZ) declared a quarterly dividend on Friday, January 18th. Investors of record on Saturday, February 9th will be given a dividend of $0.05 per share on Saturday, February 23rd. This represents a $0.18 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Wednesday, February 6th.
CUZ has been the subject of a number of recent research reports. Analysts at JPMorgan Chase reiterated a “neutral” rating on shares of Cousins Properties in a research note to investors on Monday, December 31st. They now have a $8.00 price target on the stock. On the ratings front, analysts at Cantor Fitzgerald raised their price target on shares of Cousins Properties from $8.00 to $8.50 in a research note to investors on Thursday, December 20th. They now have a “sell” rating on the stock. Finally, analysts at Stifel Nicolaus downgraded shares of Cousins Properties from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, December 12th.
Two investment analysts have rated the stock with a buy rating, one has assigned an overweight rating, two have given a hold rating, and one has given a sell rating to the company’s stock. The company currently has an average rating of “hold” and a consensus target price of $8.94.
Cousins Properties (CUZ) traded up 0.46% on Friday, hitting $8.66. Cousins Properties (CUZ) has a 52-week low of $6.85 and a 52-week high of $8.67. The stock’s 50-day moving average is currently $8.33. The company’s market cap is $901.7 million.
Cousins Properties last posted its quarterly earnings results on Tuesday, October 30th. The company reported $0.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.02. Cousins Properties’s revenue was up 38.7% compared to the same quarter last year. Analysts expect that Cousins Properties (CUZ) will post $0.60 EPS for the current fiscal year.
Cousins Properties Incorporated (the Registrant or Cousins) is a real estate investment trust (REIT).
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