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

Neven Properties Incorporated (NYSE:CUZ – Get Free Report) declared a quarterly dividend on Tuesday, June 18, NASDAQ reports. Shareholders of record on Wednesday, July 3 will receive a dividend of 0.32 per share from the real estate investment trust on Monday, July 15. This represents a dividend of $1.28 annually and a dividend yield of 5.49%. The ex-dividend date is Wednesday, July 3.

Cousins ​​Properties has cut its dividend by an average of 4.9% per year over the past three years. Cousins ​​Properties has a payout ratio of 266.7%, which indicates that the company cannot currently cover its dividend with profits alone and is relying on its balance sheet to cover its dividend payments. Stock analysts expect Cousins ​​Properties to earn $2.67 per share next year, meaning the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 47.9%.

Ancillary properties increase by 1.7%

NYSE CUZ traded at $0.40 in afternoon trading on Wednesday, reaching $23.30. The company’s stock had a trading volume of 986,849 shares, compared to its average volume of 906,903. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 47.53, a price-to-earnings growth ratio of 3.81, and a beta of 1.28. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.07 and a quick ratio of 1.07. Cousins ​​​​Properties has a 52-week low of $17.40 and a 52-week high of $25.19. The stock’s fifty day simple moving average is $23.03 and its two hundred day simple moving average is $23.25.

Cousins ​​Properties (NYSE:CUZ – Get Free Report) last posted its earnings results on Friday, April 26th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.54). The company had revenue of $209.20 million for the quarter, compared to analyst estimates of $199.35 million. Cousins ​​Properties had a net margin of 9.15% and a return on equity of 1.62%. The company’s revenue increased by 4.2% compared to the same quarter last year. During the same quarter of the previous year, the company posted earnings per share of $0.65. Research analysts expect that Cousins ​​Properties will post 2.64 earnings per share for the current year.

Insider transactions at Cousins ​​Properties

In other Cousins ​​Properties news, CFO Gregg D. Adzema sold 71,097 shares of Cousins ​​Properties in a transaction on Thursday, May 2. The stock sold at an average price of $23.31, for a total transaction of $1,657,271.07. Following the sale, the chief financial officer now owns 85,872 shares of the company’s stock, valued at approximately $2,001,676.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s shares.

Analysts set new price targets

CUZ has been the subject of several analyst reports. upgraded shares of Cousins ​​Properties from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd. Barclays lowered their price objective on shares of Cousins ​​Properties from $29.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, March 27. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Based on data from, Cousins ​​Properties has a consensus rating of “Hold” and an average price target of $23.67.

Check out our latest research report on CUZ

Cousins ​​Properties Company Profile

(Get a free report)

Cousins ​​Properties Incorporated (“Cousins”) is a fully integrated, self-managed and self-managed real estate investment trust (REIT). The company, based in Atlanta and trading through its operating partnership, Cousins ​​Properties LP, invests primarily in Class A office buildings in the fast-growing Sun Belt markets.

read more

Dividend History for Ancillary Properties (NYSE:CUZ)

This instant news alert was generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat editorial staff before publication. Send any questions or comments about this story to [email protected].

Before you consider Cousins ​​Properties, you’ll want to hear this.

MarketBeat daily tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly urging their clients to buy now before the broader market takes hold… and Cousins ​​Properties wasn’t on the list.

While Cousins ​​Properties currently has a ‘Hold’ rating among analysts, top analysts believe these five stocks are better buys.

View the five stocks here

These seven stocks will be great in 2024

With an average gain of 150% since the start of 2023, now is the time to take a closer look at these stocks and pump up your portfolio for 2024.

Get this free report

Do you like this article? Share it with a colleague.

Link copied to clipboard.