Cousins Properties (CUZ) Announces Quarterly Results
Cousins Properties (NYSE:CUZ) posted its quarterly earnings results on Tuesday. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.17 by $0.01, AR Network reports. The company had revenue of $84.51 million for the quarter, compared to the consensus estimate of $78.24 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 98.8% on a year-over-year basis.
A number of analysts have recently weighed in on CUZ shares. Analysts at Zacks reiterated a “neutral” rating on shares of Cousins Properties in a research note on Wednesday, July 16th. 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $12.75.
Shares of Cousins Properties (NYSE:CUZ) traded down 0.24% on Tuesday, hitting $12.73. The stock had a trading volume of 1,115,926 shares. Cousins Properties has a 52-week low of $9.59 and a 52-week high of $12.78. The stock’s 50-day moving average is $12.44 and its 200-day moving average is $11.64. The company has a market cap of $2.526 billion and a P/E ratio of 34.67.
The company also recently announced a quarterly dividend, which is scheduled for Monday, August 25th. Stockholders of record on Monday, August 11th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Thursday, August 7th.
Cousins Properties Incorporated (NYSE:CUZ) is a real estate investment trust (REIT).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.