Cousins Properties Inc Declares Quarterly Dividend of $0.08 (CUZ)
Cousins Properties (NYSE:CUZ) announced a quarterly dividend on Thursday, July 17th, American Banking News reports. Shareholders of record on Monday, August 11th will be paid a dividend of 0.075 per share on Monday, August 25th. This represents a $0.30 annualized dividend and a dividend yield of 2.40%.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Cousins Properties in a research note on Wednesday. They now have a $13.00 price target on the stock. On a related note, analysts at Robert W. Baird raised their price target on shares of Cousins Properties from $12.00 to $13.00 in a research note on Wednesday, May 14th. They now have an “outperform” rating on the stock. Finally, analysts at Stifel Nicolaus upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. They now have a $13.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $12.75.
Shares of Cousins Properties (NYSE:CUZ) traded down 0.40% during mid-day trading on Thursday, hitting $12.47. The stock had a trading volume of 1,394,308 shares. Cousins Properties has a 52 week low of $9.59 and a 52 week high of $12.63. The stock’s 50-day moving average is $12.30 and its 200-day moving average is $11.50. The company has a market cap of $2.474 billion and a P/E ratio of 34.02.
Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.17 by $0.02. The company had revenue of $81.72 million for the quarter, compared to the consensus estimate of $77.92 million. During the same quarter last year, the company posted $0.11 earnings per share. Cousins Properties’s revenue was up 113.6% compared to the same quarter last year. On average, analysts predict that Cousins Properties will post $0.74 earnings per share for the current fiscal year.
Cousins Properties Incorporated (NYSE:CUZ) is a real estate investment trust (REIT).
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