Cousins Properties (NYSE:CUZ) released its quarterly earnings results on Thursday. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.50), MarketWatch Earnings reports. Cousins Properties had a return on equity of 7.55% and a net margin of 44.35%. The firm had revenue of $175.10 million for the quarter, compared to analyst estimates of $172.55 million.
CUZ traded up $0.23 during trading hours on Friday, reaching $30.72. 1,307,800 shares of the stock traded hands, compared to its average volume of 677,490. The firm’s fifty day simple moving average is $30.05 and its two-hundred day simple moving average is $32.70. The company has a market cap of $4.56 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 4.13 and a beta of 0.99. Cousins Properties has a fifty-two week low of $21.15 and a fifty-two week high of $42.99. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.82 and a quick ratio of 1.82.
The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Monday, July 6th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.91%. Cousins Properties’s payout ratio is currently 40.82%.
In other Cousins Properties news, EVP Richard G. Iv Hickson bought 2,500 shares of the business’s stock in a transaction on Monday, May 18th. The shares were bought at an average cost of $25.41 per share, with a total value of $63,525.00. Insiders own 0.67% of the company’s stock.
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 towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets.
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