Cousins Properties Chairman Acquires $404,079 in Stock (CUZ)
Cousins Properties (NYSE:CUZ) Chairman Thomas G. Cousins purchased 31,943 shares of Cousins Properties stock on the open market in a transaction dated Wednesday, August 13th. The stock was purchased at an average price of $12.65 per share, with a total value 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 filing with the Securities & Exchange Commission, which can be accessed through this link.
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 given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $12.75.
Cousins Properties (NYSE:CUZ) opened at 12.86 on Monday. Cousins Properties has a 1-year low of $9.59 and a 1-year high of $13.06. The stock’s 50-day moving average is $12.55 and its 200-day moving average is $11.80. The company has a market cap of $2.552 billion and a P/E ratio of 37.23.
Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue 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 announced a quarterly dividend, which is scheduled for Monday, August 25th. Investors of record on Monday, August 11th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Thursday, August 7th.
Cousins Properties Incorporated (NYSE:CUZ) is a real estate investment trust (REIT).
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