Cousins Properties (CUZ) Releases FY18 Earnings Guidance

Cousins Properties (NYSE:CUZ) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.59-0.63 for the period, compared to the Thomson Reuters consensus estimate of $0.61.

A number of brokerages have recently commented on CUZ. Bank of America raised Cousins Properties from a neutral rating to a buy rating and set a $10.00 price objective on the stock in a report on Monday, December 4th. ValuEngine lowered Cousins Properties from a buy rating to a hold rating in a report on Friday, February 2nd. Finally, Zacks Investment Research raised Cousins Properties from a sell rating to a hold rating in a report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $10.10.

Shares of Cousins Properties (NYSE:CUZ) traded up $0.02 during trading hours on Wednesday, reaching $8.50. The company had a trading volume of 2,724,147 shares, compared to its average volume of 3,093,983. Cousins Properties has a 1 year low of $7.81 and a 1 year high of $9.63. The company has a market cap of $3,570.00, a P/E ratio of 14.66 and a beta of 1.14. 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 firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Tuesday, January 2nd were paid a dividend of $0.06 per share. The ex-dividend date was Friday, December 29th. This represents a $0.24 annualized dividend and a yield of 2.82%. Cousins Properties’s payout ratio is 41.38%.

In related news, insider S Taylor Glover sold 74,351 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $9.41, for a total transaction of $699,642.91. Following the completion of the sale, the insider now owns 485,284 shares in the company, valued at approximately $4,566,522.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.14% of the stock is owned by corporate insiders.

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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.

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

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