Cousins Properties (NYSE:CUZ) announced its quarterly earnings results on Thursday. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.50), MarketWatch Earnings reports. Cousins Properties had a net margin of 44.35% and a return on equity of 7.55%. The company had revenue of $175.10 million during the quarter, compared to the consensus estimate of $172.55 million.
Shares of CUZ stock traded up $0.23 during trading on Friday, reaching $30.72. The company’s stock had a trading volume of 1,307,800 shares, compared to its average volume of 677,490. The company has a market cap of $4.56 billion, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 4.16 and a beta of 0.99. Cousins Properties has a one year low of $21.15 and a one year high of $42.99. The business has a fifty day moving average price of $30.05 and a 200-day moving average price of $32.70. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.43.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Monday, July 6th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date was Thursday, July 2nd. Cousins Properties’s dividend payout ratio is presently 40.82%.
In other news, EVP Richard G. Iv Hickson bought 2,500 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average cost of $25.41 per share, for a total transaction of $63,525.00. 0.67% of the stock is currently owned by insiders.
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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