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

Cousins Properties Incorporated (NYSE:CUZ) declared a quarterly dividend on Thursday, December 18th. Stockholders of record on Monday, January 5th will be paid a dividend of 0.32 per share by the real estate investment trust on Wednesday, January 14th. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Monday, January 5th.

Cousins Properties has increased its dividend by an average of 0.1%annually over the last three years. Cousins Properties has a dividend payout ratio of 278.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Cousins Properties to earn $2.84 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 45.1%.

Cousins Properties Price Performance

Shares of CUZ opened at $25.05 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.70. The stock’s 50 day moving average is $25.72 and its two-hundred day moving average is $27.69. Cousins Properties has a twelve month low of $24.07 and a twelve month high of $31.36. The firm has a market capitalization of $4.21 billion, a PE ratio of 71.57, a P/E/G ratio of 1.98 and a beta of 1.21.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.69 EPS for the quarter, meeting the consensus estimate of $0.69. Cousins Properties had a return on equity of 1.20% and a net margin of 5.98%.The business had revenue of $248.33 million during the quarter, compared to analysts’ expectations of $239.70 million. During the same period last year, the firm earned $0.67 EPS. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. Cousins Properties has set its FY 2025 guidance at 2.820-2.860 EPS. Research analysts anticipate that Cousins Properties will post 2.76 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CUZ shares. Jefferies Financial Group downgraded shares of Cousins Properties from a “buy” rating to a “hold” rating and cut their price target for the company from $34.00 to $27.00 in a report on Monday, October 13th. Mizuho set a $29.00 price target on Cousins Properties and gave the stock an “outperform” rating in a report on Friday, December 12th. Evercore ISI boosted their target price on Cousins Properties from $31.00 to $32.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. Truist Financial dropped their price target on Cousins Properties from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, December 1st. Finally, Wall Street Zen cut shares of Cousins Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.60.

Cousins Properties Company Profile

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.