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

Cousins Properties Incorporated (NYSE:CUZ) CAO Jeffrey Symes sold 6,033 shares of the stock in a transaction that occurred 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 directly owned 16,685 shares in the company, valued at approximately $491,206.40. This represents a 26.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Cousins Properties Price Performance

Shares of CUZ opened at $29.59 on Friday. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 739.93, a PEG ratio of 1.92 and a beta of 1.18. The firm’s fifty day simple moving average is $30.25 and its 200-day simple moving average is $26.54. Cousins Properties Incorporated has a twelve month low of $21.03 and a twelve month high of $32.95. The company has a current ratio of 1.01, a quick 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 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.58). The firm had revenue of $268.53 million for the quarter, compared to analyst estimates of $263.55 million. Cousins Properties had a return on equity of 0.14% and a net margin of 0.62%.The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 EPS. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. Equities analysts forecast that Cousins Properties Incorporated will post 2.97 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Monday, July 6th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Monday, July 6th. Cousins Properties’s payout ratio is 3,200.00%.

Analyst Ratings Changes

CUZ has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Cousins Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Wells Fargo & Company boosted their target price on Cousins Properties from $28.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Evercore reaffirmed an “outperform” rating and issued a $34.00 price target on shares of Cousins Properties in a report on Monday, July 6th. Mizuho increased their price target on shares of Cousins Properties from $27.00 to $33.00 and gave the company an “outperform” rating in a research note on Tuesday, July 21st. Finally, Robert W. Baird raised their price objective on shares of Cousins Properties from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $31.09.

Hedge Funds Weigh In On Cousins Properties

Several large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new position in shares of Cousins Properties during the second quarter worth about $7,084,000. Cullen Capital Management LLC purchased a new stake in shares of Cousins Properties in the 2nd quarter valued at about $519,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Cousins Properties in the 2nd quarter valued at about $83,000. Bank of New York Mellon Corp acquired a new stake in shares of Cousins Properties in the 2nd quarter valued at about $41,743,000. Finally, Elevation Wealth Partners LLC grew its stake 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 buying an additional 755 shares during the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

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.