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 business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $29.44, for a total value of $177,611.52. Following the sale, the chief accounting officer 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 legal filing with the SEC, which is available at this link.

Cousins Properties Stock Performance

Shares of CUZ stock traded up $0.24 during mid-day trading on Thursday, reaching $29.59. The stock had a trading volume of 1,228,481 shares, compared to its average volume of 1,960,882. Cousins Properties Incorporated has a 1-year low of $21.03 and a 1-year high of $32.95. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 739.93, a PEG ratio of 1.90 and a beta of 1.18. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.83. The business’s fifty day moving average is $30.23 and its 200-day moving average is $26.51.

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). Cousins Properties had a net margin of 0.62% and a return on equity of 0.14%. The firm had revenue of $268.53 million during the quarter, compared to analysts’ expectations of $263.55 million. During the same quarter in the prior year, the company earned $0.70 EPS. Cousins Properties’s quarterly revenue was up 11.8% on a year-over-year basis. Cousins Properties has set its FY 2026 guidance at 2.920-2.980 EPS. On average, research analysts forecast that Cousins Properties Incorporated will post 2.97 earnings per share for the current year.

Cousins Properties Announces Dividend

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

Institutional Trading of Cousins Properties

A number of hedge funds have recently added to or reduced their stakes in CUZ. Farther Finance Advisors LLC grew its position in Cousins Properties by 128.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,232 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 692 shares during the period. Avalon Trust Co purchased a new position in Cousins Properties in the first quarter valued at $39,000. Arax Advisory Partners acquired a new position in shares of Cousins Properties in the fourth quarter worth about $39,000. Clearstead Advisors LLC raised its position in shares of Cousins Properties by 176.1% in the fourth quarter. Clearstead Advisors LLC now owns 1,803 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,150 shares during the period. Finally, Elevation Wealth Partners LLC boosted its stake in shares of 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 acquiring an additional 755 shares in the last quarter. 94.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CUZ. Wall Street Zen raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Robert W. Baird increased 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. Truist Financial increased their price target on Cousins Properties from $24.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Weiss Ratings upgraded Cousins Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Finally, Wells Fargo & Company upped 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. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.09.

About Cousins Properties

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.