Cousins Properties Incorporated (NYSE:CUZ) declared a quarterly dividend on Wednesday, September 20th, Wall Street Journal reports. Shareholders of record on Monday, October 2nd will be given a dividend of 0.06 per share by the real estate investment trust on Thursday, October 12th. This represents a $0.24 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Friday, September 29th.

Cousins Properties has increased its dividend by an average of 10.1% annually over the last three years and has increased its dividend every year for the last 3 years. Cousins Properties has a dividend payout ratio of 39.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Cousins Properties to earn $0.11 per share next year, which means the company may not be able to cover its $0.24 annual dividend with an expected future payout ratio of 218.2%.

Cousins Properties (NYSE:CUZ) traded down 0.53% during trading on Wednesday, reaching $9.32. 2,528,258 shares of the company’s stock traded hands. The firm has a 50 day moving average of $9.22 and a 200 day moving average of $8.73. The firm has a market capitalization of $3.91 billion, a PE ratio of 14.96 and a beta of 1.06. Cousins Properties has a 1-year low of $7.09 and a 1-year high of $10.86.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $119.00 million during the quarter, compared to the consensus estimate of $114.68 million. Cousins Properties had a net margin of 49.99% and a return on equity of 9.37%. The company’s quarterly revenue was up 146.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 earnings per share. Equities analysts forecast that Cousins Properties will post $0.45 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This piece of content was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this piece of content can be viewed at

A number of equities research analysts have recently commented on the stock. BidaskClub upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Stifel Nicolaus upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating and lifted their price target for the stock from $8.50 to $10.50 in a report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Wednesday, July 5th. Finally, ValuEngine downgraded shares of Cousins Properties from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $10.17.

About Cousins Properties

Cousins Properties Incorporated is a self-administered and self-managed real estate investment trust. The Company’s segments include Office, Mixed-Use, Other, Atlanta, Austin, Charlotte, Orlando, Tampa, Phoenix and Other. It develops, acquires, leases, manages and owns primarily Class A office properties and opportunistic mixed-use developments in Sunbelt markets with a focus on Georgia, Texas and North Carolina.

Dividend History for Cousins Properties (NYSE:CUZ)

Receive News & Ratings for Cousins Properties Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cousins Properties Incorporated and related companies with's FREE daily email newsletter.