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) annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Monday, January 5th.

Cousins Properties has raised its dividend by an average of 0.1%annually over the last three years. Cousins Properties has a dividend payout ratio of 278.3% meaning 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 Stock Down 0.3%

Shares of Cousins Properties stock opened at $25.05 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 71.57, a PEG ratio of 1.98 and a beta of 1.21. The firm’s 50-day moving average is $25.72 and its two-hundred day moving average is $27.69. Cousins Properties has a 1 year low of $24.07 and a 1 year high of $31.36.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.69 earnings per share for the quarter, hitting the consensus estimate of $0.69. Cousins Properties had a net margin of 5.98% and a return on equity of 1.20%. The firm had revenue of $248.33 million during the quarter, compared to analysts’ expectations of $239.70 million. During the same quarter in the prior year, the company earned $0.67 EPS. The company’s 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. As a group, research analysts expect that Cousins Properties will post 2.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CUZ has been the subject of a number of recent research reports. Jefferies Financial Group lowered shares of Cousins Properties from a “buy” rating to a “hold” rating and reduced their price target for the stock from $34.00 to $27.00 in a research report on Monday, October 13th. Cantor Fitzgerald set a $28.00 target price on shares of Cousins Properties in a research report on Monday, December 1st. Wells Fargo & Company decreased their price objective on Cousins Properties from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, November 10th. Truist Financial reduced 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, Evercore ISI upped their price objective 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. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.