Insider Selling: Cousins Properties (NYSE:CUZ) CAO Sells $135,131.60 in Stock

Cousins Properties Incorporated (NYSE:CUZ) CAO Jeffrey Symes sold 4,612 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $29.30, for a total transaction of $135,131.60. Following the sale, the chief accounting officer directly owned 13,518 shares of the company’s stock, valued at $396,077.40. This trade represents a 25.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Cousins Properties Stock Performance

Shares of CUZ opened at $29.48 on Monday. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 79.68, a P/E/G ratio of 2.67 and a beta of 1.39. The business’s fifty day simple moving average is $28.31 and its two-hundred day simple moving average is $28.46. Cousins Properties Incorporated has a 12 month low of $24.07 and a 12 month high of $32.55. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.72.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.70. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%.The firm had revenue of $237.72 million for the quarter, compared to the consensus estimate of $243.73 million. During the same period in the prior year, the company posted $0.68 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. Research analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, July 7th were paid a dividend of $0.32 per share. The ex-dividend date was Monday, July 7th. This represents a $1.28 annualized dividend and a yield of 4.3%. Cousins Properties’s dividend payout ratio is currently 345.95%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CUZ. Spire Wealth Management bought a new stake in Cousins Properties during the 1st quarter valued at approximately $25,000. N.E.W. Advisory Services LLC bought a new position in shares of Cousins Properties during the first quarter worth $36,000. EverSource Wealth Advisors LLC boosted its position in shares of Cousins Properties by 55.9% during the second quarter. EverSource Wealth Advisors LLC now owns 2,100 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 753 shares during the last quarter. UMB Bank n.a. lifted its stake in Cousins Properties by 74.8% in the 2nd quarter. UMB Bank n.a. now owns 2,341 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 1,002 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its stake in Cousins Properties by 2,095.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,349 shares of the real estate investment trust’s stock worth $71,000 after acquiring an additional 2,242 shares during the last quarter. Institutional investors own 94.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CUZ. Wells Fargo & Company reduced their price target on shares of Cousins Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, May 19th. Wall Street Zen lowered shares of Cousins Properties from a “hold” rating to a “sell” rating in a research note on Saturday. Evercore ISI lifted their price objective on Cousins Properties from $30.00 to $31.00 and gave the stock an “in-line” rating in a report on Monday, May 19th. Truist Financial reduced their price objective on Cousins Properties from $31.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, August 26th. Finally, Mizuho raised their target price on Cousins Properties from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Cousins Properties presently has an average rating of “Moderate Buy” and an average target price of $32.40.

Cousins Properties Company Profile

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.