Insider Buying: Cousins Properties Chairman Buys 31,943 Shares of Stock (CUZ)
Cousins Properties (NYSE:CUZ) Chairman Thomas G. Cousins purchased 31,943 shares of Cousins Properties stock in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average price of $12.65 per share, for a total transaction of $404,078.95. Following the completion of the purchase, the chairman now directly owns 6,009,598 shares in the company, valued at approximately $76,021,415. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Cousins Properties (NYSE:CUZ) traded up 0.62% on Thursday, hitting $12.92. The stock had a trading volume of 1,559,584 shares. Cousins Properties has a one year low of $9.59 and a one year high of $12.84. The stock has a 50-day moving average of $12.51 and a 200-day moving average of $11.78. The company has a market cap of $2.564 billion and a price-to-earnings ratio of 37.00.
Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. The company had revenue of $84.51 million for the quarter, compared to the consensus estimate of $78.24 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 98.8% on a year-over-year basis. Analysts expect that Cousins Properties will post $0.75 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, August 25th. Investors of record on Monday, August 11th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Thursday, August 7th.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Cousins Properties in a research note on Wednesday, July 16th. They now have a $13.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Cousins Properties currently has an average rating of “Buy” and an average target price of $12.75.
Cousins Properties Incorporated (NYSE:CUZ) is a real estate investment trust (REIT).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.