Cousins Properties (NYSE:CUZ – Get Free Report) is set to release its earnings data after the market closes on Thursday, October 26th. Analysts expect Cousins Properties to post earnings of $0.65 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
Cousins Properties Stock Down 4.3 %
Shares of NYSE CUZ opened at $18.97 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.53. Cousins Properties has a 12-month low of $18.06 and a 12-month high of $28.66. The firm’s 50-day moving average price is $21.51 and its 200-day moving average price is $21.67. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 2.24 and a beta of 1.19.
Cousins Properties Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Wednesday, October 4th were issued a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, October 3rd. This represents a $1.28 annualized dividend and a dividend yield of 6.75%. Cousins Properties’s dividend payout ratio (DPR) is presently 129.29%.
Institutional Trading of Cousins Properties
Analysts Set New Price Targets
CUZ has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on Cousins Properties in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. KeyCorp began coverage on shares of Cousins Properties in a report on Monday, September 11th. They set an “underweight” rating and a $19.00 price objective for the company. Truist Financial upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating and upped their target price for the stock from $27.00 to $28.00 in a research note on Friday, September 15th. Barclays lifted their price target on shares of Cousins Properties from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Friday, August 25th. Finally, Mizuho lowered their price target on Cousins Properties from $22.00 to $19.00 and set an “underperform” rating for the company in a report on Wednesday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $25.20.
About Cousins Properties
Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.
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