Cousins Properties Inc (NYSE:CUZ) Director Lillian C. Giornelli sold 12,117 shares of the firm’s stock in a transaction on Wednesday, April 5th. The shares were sold at an average price of $8.32, for a total value of $100,813.44. Following the transaction, the director now owns 102,307 shares of the company’s stock, valued at $851,194.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Cousins Properties Inc (NYSE:CUZ) traded down 0.179% during midday trading on Friday, reaching $8.385. The company had a trading volume of 1,689,498 shares. The firm has a 50-day moving average of $8.26 and a 200 day moving average of $8.16. Cousins Properties Inc has a 1-year low of $7.09 and a 1-year high of $11.40. The company has a market capitalization of $3.30 billion, a P/E ratio of 27.224 and a beta of 1.06.
Cousins Properties (NYSE:CUZ) last released its earnings results on Wednesday, February 8th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.03. Cousins Properties had a return on equity of 4.49% and a net margin of 20.13%. The company had revenue of $114.29 million for the quarter, compared to analysts’ expectations of $100.16 million. During the same quarter in the previous year, the firm posted $0.23 EPS. The firm’s quarterly revenue was up 135.5% on a year-over-year basis. On average, equities research analysts forecast that Cousins Properties Inc will post $0.14 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 13th. Shareholders of record on Monday, April 3rd were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.86%. The ex-dividend date was Thursday, March 30th. Cousins Properties’s payout ratio is 77.42%.
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Separately, Zacks Investment Research upgraded Cousins Properties from a “hold” rating to a “buy” rating and set a $9.75 price objective for the company in a report on Thursday, February 16th.
Institutional investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. boosted its stake in Cousins Properties by 0.9% in the second quarter. Macquarie Group Ltd. now owns 251,250 shares of the real estate investment trust’s stock worth $2,613,000 after buying an additional 2,250 shares in the last quarter. Breton Hill Capital Ltd. boosted its stake in Cousins Properties by 47.4% in the third quarter. Breton Hill Capital Ltd. now owns 67,656 shares of the real estate investment trust’s stock worth $706,000 after buying an additional 21,757 shares in the last quarter. Paragon Capital Management Ltd purchased a new stake in Cousins Properties during the third quarter worth $108,000. Henderson Group PLC purchased a new stake in Cousins Properties during the third quarter worth $14,747,000. Finally, Louisiana State Employees Retirement System boosted its stake in Cousins Properties by 5.1% in the third quarter. Louisiana State Employees Retirement System now owns 92,900 shares of the real estate investment trust’s stock worth $970,000 after buying an additional 4,500 shares in the last quarter. Institutional investors own 67.92% of the company’s stock.
Cousins Properties Company Profile
Cousins Properties Incorporated is a self-administered and self-managed real estate investment trust. The Company’s segments include Office, Mixed-Use, Other, Atlanta, Austin, Charlotte, Orlando, Tampa, Phoenix and Other. It develops, acquires, leases, manages and owns primarily Class A office properties and opportunistic mixed-use developments in Sunbelt markets with a focus on Georgia, Texas and North Carolina.
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