$0.69 EPS Expected for Cousins Properties Incorporated (NYSE:CUZ) This Quarter

Brokerages expect Cousins Properties Incorporated (NYSE:CUZ) to announce $0.69 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Cousins Properties’ earnings. The lowest EPS estimate is $0.68 and the highest is $0.70. Cousins Properties reported earnings per share of $0.66 in the same quarter last year, which suggests a positive year-over-year growth rate of 4.5%. The business is scheduled to announce its next quarterly earnings results on Thursday, July 29th.

On average, analysts expect that Cousins Properties will report full-year earnings of $2.79 per share for the current fiscal year, with EPS estimates ranging from $2.75 to $2.83. For the next year, analysts anticipate that the company will report earnings of $2.84 per share, with EPS estimates ranging from $2.78 to $2.88. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Cousins Properties.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, April 29th. The real estate investment trust reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. Cousins Properties had a net margin of 45.67% and a return on equity of 7.61%.

Several analysts have commented on CUZ shares. Robert W. Baird raised Cousins Properties from a “neutral” rating to an “outperform” rating and set a $42.00 price objective for the company in a research note on Tuesday, April 20th. Truist cut Cousins Properties from a “buy” rating to a “hold” rating and upped their price target for the stock from $36.00 to $37.00 in a research note on Friday, January 22nd. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Cousins Properties presently has an average rating of “Buy” and an average price target of $36.63.

Shares of NYSE:CUZ traded up $0.17 on Monday, reaching $35.56. The company’s stock had a trading volume of 802,725 shares, compared to its average volume of 895,873. Cousins Properties has a 52-week low of $24.17 and a 52-week high of $38.15. The stock has a market capitalization of $5.29 billion, a P/E ratio of 15.26, a PEG ratio of 4.02 and a beta of 1.10. The stock’s 50-day moving average is $35.92 and its two-hundred day moving average is $33.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.04 and a quick ratio of 1.04.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 19th. Shareholders of record on Tuesday, April 6th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend was Monday, April 5th. This is a positive change from Cousins Properties’s previous quarterly dividend of $0.30. Cousins Properties’s payout ratio is currently 42.18%.

In related news, Director Scott W. Fordham sold 43,750 shares of Cousins Properties stock in a transaction that occurred on Monday, March 15th. The stock was sold at an average price of $36.79, for a total value of $1,609,562.50. Following the sale, the director now directly owns 194,179 shares in the company, valued at $7,143,845.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.67% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in CUZ. Amundi Pioneer Asset Management Inc. boosted its holdings in Cousins Properties by 15.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 546,475 shares of the real estate investment trust’s stock worth $5,279,000 after buying an additional 71,807 shares in the last quarter. Redpoint Investment Management Pty Ltd lifted its position in shares of Cousins Properties by 6.1% during the 4th quarter. Redpoint Investment Management Pty Ltd now owns 17,062 shares of the real estate investment trust’s stock valued at $572,000 after acquiring an additional 981 shares during the period. James Hambro & Partners purchased a new stake in shares of Cousins Properties during the 4th quarter worth approximately $205,000. Peregrine Capital Management LLC grew its holdings in shares of Cousins Properties by 78,735.9% in the 4th quarter. Peregrine Capital Management LLC now owns 291,693 shares of the real estate investment trust’s stock worth $9,772,000 after acquiring an additional 291,323 shares during the period. Finally, Capital Investment Advisors LLC grew its holdings in shares of Cousins Properties by 26.9% in the 4th quarter. Capital Investment Advisors LLC now owns 83,671 shares of the real estate investment trust’s stock worth $2,803,000 after acquiring an additional 17,724 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

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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Earnings History and Estimates for Cousins Properties (NYSE:CUZ)

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