Insider Selling: Cousins Properties Incorporated (NYSE:CUZ) CAO Sells $168,695.61 in Stock

Cousins Properties Incorporated (NYSE:CUZ) CAO Jeffrey D. Symes sold 5,997 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $28.13, for a total value of $168,695.61. Following the completion of the sale, the chief accounting officer now owns 12,529 shares in the company, valued at approximately $352,440.77. The transaction was disclosed in a filing with the SEC, which is available at this link.

Cousins Properties Trading Up 1.0 %

Shares of Cousins Properties stock opened at $29.09 on Friday. The stock has a 50 day moving average of $26.47 and a 200 day moving average of $24.28. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 59.31, a PEG ratio of 4.65 and a beta of 1.31. Cousins Properties Incorporated has a fifty-two week low of $17.40 and a fifty-two week high of $29.16.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.61). The business had revenue of $212.98 million for the quarter, compared to analyst estimates of $208.18 million. Cousins Properties had a return on equity of 1.31% and a net margin of 7.25%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.75 earnings per share. As a group, research analysts predict that Cousins Properties Incorporated will post 2.67 earnings per share for the current year.

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Wednesday, July 3rd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date of this dividend was Wednesday, July 3rd. Cousins Properties’s dividend payout ratio (DPR) is 261.22%.

Analyst Ratings Changes

Several analysts have commented on the company. StockNews.com raised Cousins Properties from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. Evercore ISI reissued an “in-line” rating and issued a $29.00 price target on shares of Cousins Properties in a report on Tuesday, August 20th. Barclays increased their price objective on shares of Cousins Properties from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Truist Financial boosted their target price on shares of Cousins Properties from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, Robert W. Baird raised their price target on shares of Cousins Properties from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Cousins Properties presently has a consensus rating of “Moderate Buy” and an average target price of $28.14.

Hedge Funds Weigh In On Cousins Properties

Hedge funds have recently made changes to their positions in the stock. Principal Securities Inc. acquired a new position in Cousins Properties during the fourth quarter worth $31,000. Blue Trust Inc. raised its holdings in shares of Cousins Properties by 130.8% in the 2nd quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 858 shares during the period. Versant Capital Management Inc lifted its stake in Cousins Properties by 3,236.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,635 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 1,586 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new position in Cousins Properties during the 1st quarter valued at about $43,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Cousins Properties in the 2nd quarter valued at about $115,000. Hedge funds and other institutional investors own 94.38% of the company’s stock.

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.