Equities analysts predict that Cousins Properties Incorporated (NYSE:CUZ) will announce $115.04 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Cousins Properties’ earnings, with estimates ranging from $112.54 million to $120.62 million. Cousins Properties posted sales of $90.74 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 26.8%. The firm is expected to report its next quarterly earnings report after the market closes on Thursday, July 27th.
On average, analysts expect that Cousins Properties will report full year sales of $115.04 million for the current financial year, with estimates ranging from $442.57 million to $470.43 million. For the next year, analysts expect that the business will report sales of $486.95 million per share, with estimates ranging from $464.47 million to $516.05 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Cousins Properties.
Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.13. Cousins Properties had a net margin of 14.48% and a return on equity of 3.11%. The company had revenue of $112.50 million for the quarter, compared to the consensus estimate of $116.11 million. During the same period last year, the business posted $0.21 earnings per share. The firm’s quarterly revenue was up 147.8% compared to the same quarter last year.
Several analysts have recently issued reports on CUZ shares. Zacks Investment Research upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Wednesday, July 5th. BidaskClub cut shares of Cousins Properties from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine cut shares of Cousins Properties from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Robert W. Baird upgraded shares of Cousins Properties from a “neutral” rating to an “outperform” rating and upped their target price for the company from $9.00 to $10.00 in a research report on Tuesday, May 16th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Cousins Properties has an average rating of “Hold” and a consensus target price of $9.33.
In related news, Director Lillian C. Giornelli sold 3,809 shares of the stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $8.33, for a total value of $31,728.97. Following the sale, the director now directly owns 102,307 shares of the company’s stock, valued at approximately $852,217.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lillian C. Giornelli sold 5,372 shares of the stock in a transaction dated Wednesday, April 19th. The stock was sold at an average price of $8.46, for a total transaction of $45,447.12. Following the completion of the sale, the director now directly owns 102,307 shares in the company, valued at $865,517.22. The disclosure for this sale can be found here. Insiders have sold a total of 62,961 shares of company stock worth $530,885 over the last 90 days. Corporate insiders own 1.14% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Capstone Asset Management Co. raised its stake in Cousins Properties by 2.0% in the first quarter. Capstone Asset Management Co. now owns 26,062 shares of the real estate investment trust’s stock worth $216,000 after buying an additional 500 shares during the period. Oakbrook Investments LLC raised its stake in Cousins Properties by 7.0% in the first quarter. Oakbrook Investments LLC now owns 15,200 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 1,000 shares during the period. Nisa Investment Advisors LLC raised its stake in Cousins Properties by 4.5% in the first quarter. Nisa Investment Advisors LLC now owns 24,208 shares of the real estate investment trust’s stock worth $200,000 after buying an additional 1,044 shares during the period. Amalgamated Bank raised its stake in Cousins Properties by 2.4% in the first quarter. Amalgamated Bank now owns 48,695 shares of the real estate investment trust’s stock worth $403,000 after buying an additional 1,134 shares during the period. Finally, Commerzbank Aktiengesellschaft FI raised its stake in Cousins Properties by 14.0% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 12,553 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 1,545 shares during the period.
Shares of Cousins Properties (CUZ) remained flat at $8.84 on Thursday. 866,985 shares of the stock traded hands. The stock has a 50 day moving average price of $8.75 and a 200 day moving average price of $8.47. Cousins Properties has a 1-year low of $7.09 and a 1-year high of $11.40. The firm has a market capitalization of $3.70 billion, a PE ratio of 44.42 and a beta of 1.06.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 13th. Stockholders of record on Monday, July 3rd will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Thursday, June 29th. Cousins Properties’s dividend payout ratio is 114.29%.
Cousins Properties Company Profile
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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