Insider Selling: Cousins Properties Incorporated (NYSE:CUZ) CFO Sells $1,657,271.07 in Stock

Cousins Properties Incorporated (NYSE:CUZ) CFO Gregg D. Adzema sold 71,097 shares of Cousins Properties stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $23.31, for a total value of $1,657,271.07. Following the transaction, the chief financial officer now owns 85,872 shares in the company, valued at $2,001,676.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Cousins Properties Trading Down 0.6 %

NYSE CUZ opened at $23.44 on Friday. The company has a market cap of $3.56 billion, a PE ratio of 47.84, a PEG ratio of 5.09 and a beta of 1.27. Cousins Properties Incorporated has a 12 month low of $17.40 and a 12 month high of $25.19. The stock has a 50 day moving average of $23.04 and a 200-day moving average of $22.32. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.57.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Friday, April 26th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.54). Cousins Properties had a return on equity of 1.62% and a net margin of 9.15%. The business had revenue of $209.20 million for the quarter, compared to analyst estimates of $199.35 million. During the same period in the previous year, the firm posted $0.65 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts anticipate that Cousins Properties Incorporated will post 2.63 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, April 4th were paid a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $1.28 annualized dividend and a yield of 5.46%. Cousins Properties’s dividend payout ratio (DPR) is presently 261.22%.

Wall Street Analysts Forecast Growth

CUZ has been the topic of several recent research reports. Truist Financial dropped their price target on Cousins Properties from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, January 16th. StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Finally, Barclays decreased their price target on shares of Cousins Properties from $29.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $23.67.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. PARK CIRCLE Co acquired a new stake in Cousins Properties in the 3rd quarter worth about $31,000. Principal Securities Inc. acquired a new stake in shares of Cousins Properties in the fourth quarter valued at approximately $31,000. Cetera Trust Company N.A bought a new stake in shares of Cousins Properties in the fourth quarter valued at approximately $156,000. Van Lanschot Kempen Investment Management N.V. acquired a new stake in Cousins Properties during the third quarter worth approximately $173,000. Finally, Westend Capital Management LLC bought a new position in Cousins Properties during the 1st quarter worth $184,000. 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.