Cousins Properties Incorporated (NYSE:CUZ) CFO Gregg D. Adzema Sells 71,097 Shares

Cousins Properties Incorporated (NYSE:CUZ - Get Free Report) CFO Gregg D. Adzema sold 71,097 shares of the company's stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $23.31, for a total transaction of $1,657,271.07. Following the sale, the chief financial officer now directly owns 85,872 shares of the company's stock, valued at approximately $2,001,676.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Cousins Properties Price Performance

NYSE CUZ traded up $0.67 during trading on Thursday, hitting $23.59. 1,270,272 shares of the company's stock were exchanged, compared to its average volume of 1,598,203. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.57. The company has a market cap of $3.59 billion, a PE ratio of 47.82, a P/E/G ratio of 4.95 and a beta of 1.27. Cousins Properties Incorporated has a fifty-two week low of $17.40 and a fifty-two week high of $25.19. The stock's 50 day moving average price is $23.02 and its two-hundred day moving average price is $22.26.

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

Cousins Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, April 4th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 5.43%. The ex-dividend date was Wednesday, April 3rd. Cousins Properties's dividend payout ratio is currently 261.22%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CUZ shares. Truist Financial cut their price objective on shares of Cousins Properties from $27.00 to $26.00 and set a "buy" rating for the company in a research report on Tuesday, January 16th. StockNews.com raised shares of Cousins Properties from a "sell" rating to a "hold" rating in a research report on Thursday, April 11th. Finally, Barclays cut their price objective on shares of Cousins Properties from $29.00 to $25.00 and set an "overweight" rating for the company in a research report on Wednesday, March 27th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $23.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Jennison Associates LLC increased its stake in shares of Cousins Properties by 75.6% in the first quarter. Jennison Associates LLC now owns 1,917,908 shares of the real estate investment trust's stock valued at $46,107,000 after buying an additional 825,547 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Cousins Properties by 6.8% in the first quarter. Daiwa Securities Group Inc. now owns 49,270 shares of the real estate investment trust's stock valued at $1,184,000 after buying an additional 3,152 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Cousins Properties by 124.6% in the first quarter. BNP Paribas Financial Markets now owns 246,382 shares of the real estate investment trust's stock valued at $5,923,000 after buying an additional 136,685 shares during the period. SeaBridge Investment Advisors LLC increased its stake in shares of Cousins Properties by 4.8% in the first quarter. SeaBridge Investment Advisors LLC now owns 118,424 shares of the real estate investment trust's stock valued at $2,847,000 after buying an additional 5,393 shares during the period. Finally, Retirement Systems of Alabama increased its stake in shares of Cousins Properties by 0.3% in the first quarter. Retirement Systems of Alabama now owns 190,589 shares of the real estate investment trust's stock valued at $4,582,000 after buying an additional 498 shares during the period. Institutional investors and hedge funds 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.

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