Cousins Properties Incorporated (CUZ) To Go Ex-Dividend on October 5th

Cousins Properties Incorporated (NYSE:CUZ) declared a quarterly dividend on Thursday, September 17th. Shareholders of record on Monday, October 5th will be given a dividend of 0.32 per share by the real estate investment trust on Thursday, October 15th. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Monday, October 5th.

Cousins Properties has decreased its dividend payment by an average of 0.0%per year 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. Research analysts expect Cousins Properties to earn $3.07 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 41.7%.

Cousins Properties Price Performance

Shares of NYSE:CUZ opened at $28.30 on Friday. The company’s fifty day moving average is $29.95 and its two-hundred day moving average is $27.23. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.83. Cousins Properties has a 12-month low of $21.03 and a 12-month high of $32.95. The company has a market cap of $4.66 billion, a P/E ratio of 707.58, a price-to-earnings-growth ratio of 1.85 and a beta of 1.17.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.58). Cousins Properties had a return on equity of 0.14% and a net margin of 0.62%.The business had revenue of $268.53 million during the quarter, compared to analyst estimates of $263.55 million. During the same period last year, the business earned $0.70 EPS. The business’s quarterly revenue was up 11.8% on a year-over-year basis. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. Equities analysts expect that Cousins Properties will post 2.97 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Jeffrey Symes sold 6,033 shares of Cousins Properties stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $29.44, for a total value of $177,611.52. Following the completion of the sale, the chief accounting officer owned 16,685 shares of the company’s stock, valued at approximately $491,206.40. The trade was a 26.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.81% of the company’s stock.

Institutional Trading of Cousins Properties

A number of institutional investors and hedge funds have recently made changes to their positions in CUZ. Sequoia Financial Advisors LLC boosted its stake in shares of Cousins Properties by 49.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 28,620 shares of the real estate investment trust’s stock worth $858,000 after acquiring an additional 9,440 shares in the last quarter. Engineers Gate Manager LP boosted its position in Cousins Properties by 15.3% during the second quarter. Engineers Gate Manager LP now owns 34,573 shares of the real estate investment trust’s stock worth $1,036,000 after purchasing an additional 4,593 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Cousins Properties during the second quarter valued at approximately $176,000. Squarepoint Ops LLC raised its position in shares of Cousins Properties by 474.1% in the second quarter. Squarepoint Ops LLC now owns 292,324 shares of the real estate investment trust’s stock valued at $8,764,000 after purchasing an additional 241,401 shares during the period. Finally, CORDA Investment Management LLC. raised its position in shares of Cousins Properties by 1.2% in the second quarter. CORDA Investment Management LLC. now owns 1,041,399 shares of the real estate investment trust’s stock valued at $31,221,000 after purchasing an additional 12,114 shares during the period. Institutional investors and hedge funds own 94.38% of the company’s stock.

About Cousins Properties

Cousins Properties Incorporated (NYSE: CUZ) is a real estate investment trust that owns, develops and manages primarily high-quality office properties. Its portfolio includes office towers, mixed-use developments and related commercial real estate assets serving corporate tenants across the United States.

The company focuses on high-growth Sun Belt markets, including Atlanta, Austin, Charlotte, Dallas, Phoenix and other major metropolitan areas. Its activities include property leasing, asset management, development and redevelopment, with an emphasis on well-located office properties in urban and mixed-use business districts.

Founded in 1958 by Thomas G.