Cousins Properties Incorporated (NYSE:CUZ - Get Free Report) CAO Jeffrey Symes sold 6,033 shares of the company's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $29.44, for a total transaction of $177,611.52. Following the completion of the sale, the chief accounting officer owned 16,685 shares of the company's stock, valued at approximately $491,206.40. This trade represents a 26.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Cousins Properties Stock Up 0.8%
Shares of NYSE:CUZ opened at $29.59 on Friday. The stock has a market cap of $4.87 billion, a P/E ratio of 739.93, a P/E/G ratio of 1.92 and a beta of 1.18. The firm has a fifty day moving average price of $30.25 and a 200 day moving average price of $26.54. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.01 and a quick ratio of 1.01. Cousins Properties Incorporated has a 1-year low of $21.03 and a 1-year high of $32.95.
Cousins Properties (NYSE:CUZ - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.58). The business had revenue of $268.53 million for the quarter, compared to analysts' expectations of $263.55 million. Cousins Properties had a return on equity of 0.14% and a net margin of 0.62%.The company's revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.70 earnings per share. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. Sell-side analysts predict that Cousins Properties Incorporated will post 2.97 EPS for the current year.
Cousins Properties Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Monday, July 6th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.3%. Cousins Properties's dividend payout ratio (DPR) is currently 3,200.00%.
Institutional Trading of Cousins Properties
Hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in Cousins Properties by 128.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,232 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 692 shares in the last quarter. Avalon Trust Co acquired a new stake in Cousins Properties in the first quarter valued at about $39,000. Arax Advisory Partners purchased a new stake in Cousins Properties in the 4th quarter valued at approximately $39,000. Clearstead Advisors LLC boosted its holdings in Cousins Properties by 176.1% in the 4th quarter. Clearstead Advisors LLC now owns 1,803 shares of the real estate investment trust's stock valued at $46,000 after purchasing an additional 1,150 shares in the last quarter. Finally, Elevation Wealth Partners LLC increased its position in Cousins Properties by 92.3% during the 2nd quarter. Elevation Wealth Partners LLC now owns 1,573 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 755 shares during the period. Hedge funds and other institutional investors own 94.38% of the company's stock.
Wall Street Analysts Forecast Growth
CUZ has been the subject of several analyst reports. Weiss Ratings raised Cousins Properties from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, June 25th. Mizuho lifted their target price on Cousins Properties from $27.00 to $33.00 and gave the company an "outperform" rating in a research note on Tuesday, July 21st. Evercore reiterated an "outperform" rating and issued a $34.00 target price on shares of Cousins Properties in a research note on Monday, July 6th. Wall Street Zen raised Cousins Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Truist Financial upped their price target on Cousins Properties from $24.00 to $30.00 and gave the stock a "hold" rating in a research note on Friday, June 26th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Cousins Properties currently has an average rating of "Moderate Buy" and an average price target of $31.09.
Read Our Latest Stock Analysis on CUZ
About Cousins Properties
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
