Cousins Properties (NYSE:CUZ) CAO Jeffrey Symes Sells 6,033 Shares

Cousins Properties Incorporated (NYSE:CUZ) CAO Jeffrey Symes sold 6,033 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $29.44, for a total value of $177,611.52. Following the transaction, the chief accounting officer owned 16,685 shares in the company, valued at approximately $491,206.40. This represents a 26.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Cousins Properties Stock Up 0.8%

Shares of CUZ stock traded up $0.24 on Thursday, hitting $29.59. The stock had a trading volume of 1,228,481 shares, compared to its average volume of 1,960,882. Cousins Properties Incorporated has a one year low of $21.03 and a one year high of $32.95. The business has a 50 day moving average price of $30.23 and a 200 day moving average price of $26.51. The company has a market cap of $4.87 billion, a PE ratio of 739.93, a P/E/G ratio of 1.90 and a beta of 1.18. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.83.

Cousins Properties (NYSE:CUZ) last issued its earnings results 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). Cousins Properties had a return on equity of 0.14% and a net margin of 0.62%.The business had revenue of $268.53 million for the quarter, compared to the consensus estimate of $263.55 million. During the same quarter in the previous year, the company earned $0.70 earnings per share. The firm’s revenue was up 11.8% on a year-over-year basis. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. Research analysts anticipate that Cousins Properties Incorporated will post 2.97 earnings per share for the current fiscal year.

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 given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, July 6th. Cousins Properties’s payout ratio is presently 3,200.00%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Wall Street Zen upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Wells Fargo & Company raised their price target on shares of Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Evercore reaffirmed an “outperform” rating and issued a $34.00 price objective on shares of Cousins Properties in a research report on Monday, July 6th. Weiss Ratings raised shares of Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. Finally, Truist Financial lifted their price target on shares of Cousins Properties from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Cousins Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.09.

Institutional Investors Weigh In On Cousins Properties

Large investors have recently modified their holdings of the business. Norges Bank acquired a new position in Cousins Properties during the 4th quarter valued at approximately $53,063,000. Intech Investment Management LLC lifted its stake in shares of Cousins Properties by 222.9% during the fourth quarter. Intech Investment Management LLC now owns 251,847 shares of the real estate investment trust’s stock worth $6,493,000 after buying an additional 173,840 shares during the period. Algebris UK Ltd. acquired a new stake in shares of Cousins Properties during the fourth quarter worth $12,208,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Cousins Properties during the first quarter worth $1,773,000. Finally, Strs Ohio grew its holdings in shares of Cousins Properties by 18.5% during the fourth quarter. Strs Ohio now owns 474,976 shares of the real estate investment trust’s stock valued at $12,245,000 after buying an additional 74,207 shares during the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

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.