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

Cousins Properties Incorporated (NYSE:CUZ) announced a quarterly dividend on Thursday, June 18th. Investors of record on Monday, July 6th will be paid a dividend of 0.32 per share by the real estate investment trust on Thursday, July 16th. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, July 6th.

Cousins Properties has decreased its dividend by an average of 0.0%annually over the last three years. Cousins Properties has a dividend payout ratio of 278.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Cousins Properties to earn $3.05 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 42.0%.

Cousins Properties Stock Performance

Shares of CUZ opened at $28.29 on Friday. The stock has a 50 day moving average of $26.14 and a 200 day moving average of $25.04. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of -942.79, a PEG ratio of 2.05 and a beta of 1.21. Cousins Properties has a 12 month low of $21.03 and a 12 month high of $30.79. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.83.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.21). The business had revenue of $263.11 million during the quarter, compared to analysts’ expectations of $256.77 million. Cousins Properties had a negative return on equity of 0.11% and a negative net margin of 0.52%.The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.74 EPS. Cousins Properties has set its FY 2026 guidance at 2.900-2.980 EPS. As a group, sell-side analysts forecast that Cousins Properties will post 2.93 earnings per share for the current year.

Cousins Properties Company Profile

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.