Cousins ​​Properties Incorporated Announces $0.32 Quarterly Dividend (NYSE:CUZ)

Cousins ​​Properties Incorporated (NYSE:CUZ – Get Rating) announced a quarterly dividend on Tuesday, June 21, Zacks reports. Investors of record on Wednesday July 6 will receive a dividend of $0.32 per share on Friday July 15 from the Real Estate Investment Trust. That equates to a dividend of $1.28 on an annualized basis and a yield of 4.36%. The ex-dividend date is Tuesday 5th July.

Cousins ​​Properties has increased its dividend by an average of 6.0% per year for the past three years, and has increased its dividend every year for the last 5 years. Cousins ​​Properties has a dividend payout ratio of 136.2%, which means the company currently can’t support its dividend from earnings alone and relies on its balance sheet to support its dividend payments. Equities analysts expect Cousins ​​Properties to earn $2.86 per share over the next year, meaning the company should still be able to deliver its $1.28 annual dividend with an expected future payout ratio of 44.8% to cover.

NYSE CUZ opened at $29.36 on Thursday. The company has a market cap of $4.37 billion, a PE ratio of 15.79, a PEG ratio of 3.22 and a beta of 1.02. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt to equity ratio of 0.51. Cousins ​​Properties has a 12-month low of $28.67 and a 12-month high of $42.41. The stock has a 50-day moving average of $34.43 and a 200-day moving average of $37.65.

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Cousins ​​Properties (NYSE:CUZ – Get Rating) last reported its quarterly earnings results on Thursday, April 28th. The Real Estate Investment Trust reported earnings per share (EPS) of $0.19 for the quarter, beating the consensus estimate of $0.67 ($0.48). Cousins ​​Properties had a 36.88% net margin and a 6.12% return on equity. The company had revenue of $186.90 million for the quarter, compared to analyst estimates of $184.82 million. In the same period last year, the company earned $0.69 per share. The company’s revenue for the quarter declined 1.4% compared to the same quarter last year. As a group, sell-side analysts are forecasting Cousins ​​Properties to post 2.73 EPS for the current fiscal year.

A number of equity analysts recently rated the company. Truist Financial lowered its target price on Cousins ​​Properties to $38.00 in a report on Thursday, May 26. StockNews.com covered Cousins ​​Properties in a report on Thursday, March 31st. They give the company a “hold” rating. Finally, in a report on Friday, April 22, Mizuho began reporting on Cousins ​​Properties. They put the company at a “neutral” rating and price target of $41.00.

Several hedge funds and other institutional investors have recently changed their holdings of CUZ. State Street Corp increased its position in shares of Cousins ​​Properties by 14.1% in the first quarter. State Street Corp now owns 8,217,746 shares of Real Estate Investment Trust valued at $331,093,000 after purchasing an additional 1,015,078 shares during the period. invesco ltd increased its position in shares of Cousins ​​Properties by 89.6% in the first quarter. invesco ltd now owns 771,278 shares of Real Estate Investment Trust valued at $31,075,000 after purchasing an additional 364,546 shares during the period. Centersquare Investment Management LLC increased its position in shares of Cousins ​​Properties by 11.0% in the first quarter. Centersquare Investment Management LLC now owns 3,338,260 shares of Real Estate Investment Trust valued at $134,498,000 after purchasing an additional 330,967 shares during the period. Vanguard Group Inc. increased its position in shares of Cousins ​​Properties by 0.7% in the first quarter. Vanguard Group Inc. now owns 21,673,308 shares of Real Estate Investment Trust valued at $873,217,000 after purchasing an additional 155,633 shares during the period. Finally, Bank of America Corp DE increased its position in shares of Cousins ​​Properties by 22.8% in the first quarter. Bank of America Corp DE now owns 476,185 shares of Real Estate Investment Trust valued at $19,185,000 after purchasing an additional 88,324 shares during the period. Institutional investors own 98.47% of the company’s shares.

Cousins ​​​​Properties company profile (get rating)

Cousins ​​Properties is a fully integrated, self-governing and self-governing real estate investment trust (REIT). Based in Atlanta, GA, through its operating partnership Cousins ​​Properties LP, the company invests primarily in Class A office towers in the high-growth Sun Belt markets. Founded in 1958, Cousins ​​creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of quality real estate.

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Dividend History for Cousins ​​Properties (NYSE:CUZ)

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