Cousins Properties Chairman Thomas G. Cousins Buys 260,000 Shares (CUZ)
Cousins Properties (NYSE:CUZ) Chairman Thomas G. Cousins acquired 260,000 shares of Cousins Properties stock in a transaction that occurred on Tuesday, September 2nd. The shares were purchased at an average cost of $12.75 per share, with a total value of $3,315,000.00. Following the completion of the purchase, the chairman now directly owns 6,269,598 shares of the company’s stock, valued at approximately $79,937,375. The purchase was disclosed in a legal 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Cousins Properties currently has a consensus rating of “Buy” and an average price target of $12.75.
Shares of Cousins Properties (NYSE:CUZ) traded up 0.08% during mid-day trading on Thursday, hitting $12.97. 1,888,743 shares of the company’s stock traded hands. Cousins Properties has a 52-week low of $9.71 and a 52-week high of $13.16. The stock’s 50-day moving average is $12.70 and its 200-day moving average is $12.01. The company has a market cap of $2.574 billion and a price-to-earnings ratio of 37.35.
Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.18 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.14 earnings per share. Cousins Properties’s revenue was up 98.8% compared to the same quarter last year. On average, analysts predict that Cousins Properties will post $0.75 earnings per share for the current fiscal year.
Cousins Properties Incorporated (NYSE:CUZ) is a real estate investment trust (REIT).
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