Cousins Properties (NYSE:CUZ) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Cousins Properties (NYSE:CUZ) issued its earnings results on Thursday. The real estate investment trust reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01, Zacks reports. Cousins Properties had a negative return on equity of 0.11% and a negative net margin of 0.52%.The company had revenue of $268.53 million for the quarter, compared to analyst estimates of $263.55 million. During the same period in the prior year, the firm earned $0.70 earnings per share. Cousins Properties’s revenue for the quarter was up 11.8% on a year-over-year basis. Cousins Properties updated its FY 2026 guidance to 2.920-2.980 EPS.

Cousins Properties Stock Performance

Shares of CUZ stock traded down $0.40 during trading hours on Thursday, hitting $31.90. 2,443,444 shares of the company were exchanged, compared to its average volume of 1,410,254. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 11.41, a P/E/G ratio of 2.37 and a beta of 1.19. The firm has a fifty day simple moving average of $29.51 and a 200 day simple moving average of $26.14. Cousins Properties has a 52-week low of $21.03 and a 52-week high of $32.95.

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Monday, July 6th were paid a dividend of $0.32 per share. The ex-dividend date was Monday, July 6th. This represents a $1.28 annualized dividend and a dividend yield of 4.0%. Cousins Properties’s dividend payout ratio (DPR) is presently -4,266.67%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Barclays boosted their price target on shares of Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Truist Financial lifted their price objective on shares of Cousins Properties from $24.00 to $30.00 and gave the company a “hold” rating in a report on Friday, June 26th. Evercore reissued an “outperform” rating and set a $34.00 target price on shares of Cousins Properties in a research report on Monday, July 6th. Weiss Ratings upgraded shares of Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. Finally, Mizuho raised their price target on shares of Cousins Properties from $27.00 to $33.00 and gave the company an “outperform” rating in a research report on Tuesday, July 21st. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.91.

Hedge Funds Weigh In On Cousins Properties

Institutional investors and hedge funds have recently bought and sold shares of the company. Invesco Ltd. increased its position in Cousins Properties by 4.1% in the fourth quarter. Invesco Ltd. now owns 3,301,552 shares of the real estate investment trust’s stock worth $85,114,000 after buying an additional 131,166 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of Cousins Properties by 96.0% during the 4th quarter. Corient Private Wealth LLC now owns 23,967 shares of the real estate investment trust’s stock worth $618,000 after acquiring an additional 11,738 shares during the period. State of Tennessee Department of Treasury increased its holdings in Cousins Properties by 8.3% in the 4th quarter. State of Tennessee Department of Treasury now owns 538,666 shares of the real estate investment trust’s stock worth $13,596,000 after acquiring an additional 41,349 shares during the last quarter. XTX Topco Ltd raised its stake in Cousins Properties by 645.4% in the 4th quarter. XTX Topco Ltd now owns 116,237 shares of the real estate investment trust’s stock valued at $2,997,000 after acquiring an additional 100,643 shares during the period. Finally, SummitTX Capital L.P. lifted its holdings in Cousins Properties by 0.3% during the fourth quarter. SummitTX Capital L.P. now owns 228,618 shares of the real estate investment trust’s stock valued at $5,894,000 after purchasing an additional 754 shares during the last quarter. 94.38% of the stock is owned by institutional investors.

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.