Cousins Properties (NYSE:CUZ) Announces Quarterly Earnings Results

Cousins Properties (NYSE:CUZ) posted its earnings results on Thursday. The real estate investment trust reported $0.71 EPS for the quarter, hitting analysts’ consensus estimates of $0.71, Zacks reports. The company had revenue of $255.03 million for the quarter, compared to the consensus estimate of $252.18 million. Cousins Properties had a return on equity of 1.20% and a net margin of 5.98%.The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.69 earnings per share. Cousins Properties updated its FY 2026 guidance to 2.870-2.970 EPS.

Cousins Properties Price Performance

Shares of NYSE CUZ traded down $0.03 during trading on Thursday, hitting $25.97. 1,461,438 shares of the company were exchanged, compared to its average volume of 1,736,972. The firm’s fifty day moving average price is $25.69 and its 200 day moving average price is $26.82. Cousins Properties has a 1 year low of $24.07 and a 1 year high of $31.36. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 74.19, a PEG ratio of 1.95 and a beta of 1.21. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.91 and a quick ratio of 0.91.

Cousins Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, January 5th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Monday, January 5th. Cousins Properties’s dividend payout ratio is currently 365.71%.

Institutional Trading of Cousins Properties

A number of hedge funds have recently made changes to their positions in the company. Danske Bank A S purchased a new stake in shares of Cousins Properties during the third quarter worth about $52,000. EverSource Wealth Advisors LLC raised its holdings in Cousins Properties by 55.9% in the second quarter. EverSource Wealth Advisors LLC now owns 2,100 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 753 shares in the last quarter. Quadrant Capital Group LLC bought a new stake in shares of Cousins Properties in the 3rd quarter worth about $80,000. Parallel Advisors LLC raised its stake in shares of Cousins Properties by 34.2% in the 3rd quarter. Parallel Advisors LLC now owns 5,276 shares of the real estate investment trust’s stock valued at $153,000 after purchasing an additional 1,344 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Cousins Properties by 29.3% during the second quarter. Geneos Wealth Management Inc. now owns 7,791 shares of the real estate investment trust’s stock worth $234,000 after purchasing an additional 1,766 shares during the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CUZ. Wells Fargo & Company reduced their price objective on shares of Cousins Properties from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. JPMorgan Chase & Co. decreased their price objective on shares of Cousins Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a research report on Tuesday, November 25th. Wall Street Zen lowered Cousins Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Jefferies Financial Group cut shares of Cousins Properties from a “buy” rating to a “hold” rating and lowered their target price for the stock from $34.00 to $27.00 in a research note on Monday, October 13th. Finally, Truist Financial lowered their target price on Cousins Properties from $30.00 to $28.00 and set a “hold” rating for the company in a report on Monday, December 1st. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.50.

About Cousins Properties

Cousins Properties Incorporated (NYSE: CUZ) is a publicly traded real estate investment trust (REIT) specializing in the development, acquisition and management of high-quality office and mixed-use properties. Headquartered in Atlanta, the company focuses on urban infill and suburban markets across the Sun Belt, with a strong presence in metropolitan areas such as Atlanta, Austin, Charlotte, Nashville, Orlando and Tampa. Its core activities encompass full-service property leasing, asset management and construction oversight, serving a diverse mix of corporate and institutional tenants.

Founded in 1958 as a privately held real estate concern, Cousins Properties completed its initial public offering in 1992.