Equities research analysts forecast that Cousins Properties Inc (NYSE:CUZ) will post $109.60 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Cousins Properties’ earnings. The lowest sales estimate is $105.80 million and the highest is $111.72 million. Cousins Properties posted sales of $111.43 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.6%. The firm is scheduled to report its next quarterly earnings results after the market closes on Wednesday, February 7th.

According to Zacks, analysts expect that Cousins Properties will report full year sales of $109.60 million for the current financial year, with estimates ranging from $441.90 million to $448.91 million. For the next fiscal year, analysts forecast that the company will post sales of $460.28 million per share, with estimates ranging from $446.91 million to $486.56 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Cousins Properties.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.12). Cousins Properties had a net margin of 48.08% and a return on equity of 8.39%. The business had revenue of $113.20 million for the quarter, compared to analysts’ expectations of $113.51 million. During the same period last year, the firm posted $0.22 earnings per share. Cousins Properties’s quarterly revenue was up 132.4% on a year-over-year basis.

Several brokerages recently weighed in on CUZ. Bank of America upped their price target on Cousins Properties from $9.50 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $10.50 price target on shares of Cousins Properties in a research note on Thursday, September 21st. Zacks Investment Research cut Cousins Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 9th. SunTrust Banks reaffirmed a “buy” rating and issued a $10.00 price target on shares of Cousins Properties in a research note on Monday, October 2nd. Finally, ValuEngine raised Cousins Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $10.10.

Shares of Cousins Properties (NYSE:CUZ) traded down $0.08 during mid-day trading on Tuesday, reaching $9.00. The company had a trading volume of 1,297,300 shares, compared to its average volume of 3,251,733. The stock has a market capitalization of $3,780.19, a PE ratio of 16.67 and a beta of 1.09. Cousins Properties has a 12 month low of $7.81 and a 12 month high of $9.63. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.83 and a current ratio of 0.83.

The business also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Friday, December 29th. Cousins Properties’s dividend payout ratio (DPR) is 44.44%.

In other Cousins Properties news, insider S Taylor Glover sold 74,351 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $9.41, for a total value of $699,642.91. Following the sale, the insider now directly owns 485,284 shares of the company’s stock, valued at $4,566,522.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.14% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Cousins Properties by 0.7% in the second quarter. Vanguard Group Inc. now owns 66,349,682 shares of the real estate investment trust’s stock worth $583,214,000 after acquiring an additional 474,225 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Cousins Properties by 7.1% during the second quarter. BlackRock Inc. now owns 54,000,967 shares of the real estate investment trust’s stock valued at $474,666,000 after purchasing an additional 3,602,825 shares in the last quarter. State Street Corp lifted its holdings in shares of Cousins Properties by 7.2% during the second quarter. State Street Corp now owns 18,932,900 shares of the real estate investment trust’s stock valued at $166,419,000 after purchasing an additional 1,271,330 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Cousins Properties by 15.7% during the second quarter. Northern Trust Corp now owns 10,382,467 shares of the real estate investment trust’s stock valued at $91,262,000 after purchasing an additional 1,411,479 shares in the last quarter. Finally, Frontier Capital Management Co. LLC lifted its holdings in shares of Cousins Properties by 1.4% during the third quarter. Frontier Capital Management Co. LLC now owns 5,864,576 shares of the real estate investment trust’s stock valued at $54,775,000 after purchasing an additional 82,668 shares in the last quarter.

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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.

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

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