Insider Selling: Cousins Properties (NYSE:CUZ) CAO Sells $177,611.52 in Stock

Cousins Properties Incorporated (NYSE:CUZ) 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 sale, the chief accounting officer directly owned 16,685 shares in the company, valued at approximately $491,206.40. The trade was a 26.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Cousins Properties Price Performance

CUZ stock opened at $29.67 on Friday. Cousins Properties Incorporated has a 52 week low of $21.03 and a 52 week high of $32.95. The firm has a market capitalization of $4.88 billion, a P/E ratio of 741.94, a price-to-earnings-growth ratio of 1.95 and a beta of 1.18. The company has a fifty day simple moving average of $30.26 and a two-hundred day simple moving average of $26.57. 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 posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.58). The business had revenue of $268.53 million during the quarter, compared to the consensus estimate of $263.55 million. Cousins Properties had a return on equity of 0.14% and a net margin of 0.62%.The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.70 earnings per share. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. Analysts anticipate that Cousins Properties Incorporated will post 2.97 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Monday, July 6th were given a $0.32 dividend. The ex-dividend date was Monday, July 6th. This represents a $1.28 annualized dividend and a yield of 4.3%. Cousins Properties’s dividend payout ratio (DPR) is currently 3,200.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CUZ shares. Barclays upped their price objective on Cousins Properties from $28.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Wall Street Zen upgraded Cousins Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings raised Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. Truist Financial increased their price target on Cousins Properties from $24.00 to $30.00 and gave the company a “hold” rating in a report on Friday, June 26th. Finally, Robert W. Baird raised their price target on Cousins Properties from $33.00 to $35.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $31.09.

Hedge Funds Weigh In On Cousins Properties

Several hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in Cousins Properties by 128.1% in the 4th 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 during the period. Avalon Trust Co purchased a new position in shares of Cousins Properties during the first quarter valued at approximately $39,000. Arax Advisory Partners purchased a new position in shares of Cousins Properties during the fourth quarter valued at approximately $39,000. Clearstead Advisors LLC grew its stake in shares of Cousins Properties by 176.1% during the fourth quarter. Clearstead Advisors LLC now owns 1,803 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 1,150 shares during the last quarter. Finally, Elevation Wealth Partners LLC grew its stake in shares of Cousins Properties by 92.3% during the second quarter. Elevation Wealth Partners LLC now owns 1,573 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 755 shares during the last quarter. 94.38% of the stock is currently 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.