Yahoo Finance Insider Sale at Cousins Properties Inc (CUZ): EVP and CFO Gregg Adzema Sells 71,097 Shares
On May 2, 2024, Gregg Adzema, Executive Vice President and Chief Financial Officer of Cousins Properties Inc (NYSE:CUZ), executed a sale of 71,097 shares of the company. The transaction was filed with the SEC and can be viewed in detail through the SEC Filing.
Cousins Properties Inc is a real estate investment trust (REIT) primarily involved in the development, acquisition, leasing, and management of high-quality office properties in the United States. The company's focus is on top-tier urban office markets, which include Atlanta, Charlotte, Austin, Phoenix, Tampa, and Dallas.
Over the past year, the insider has sold a total of 71,097 shares and has not made any purchases. This recent sale is the only insider sell recorded for the company in the past year.
On the date of the sale, shares of Cousins Properties Inc were priced at $23.31, resulting in a market cap of approximately $3.59 billion. The price-earnings ratio of the company stands at 48.14, significantly above both the industry median of 17 and the historical median for the company.
According to the GF Value, the intrinsic value of Cousins Properties Inc is estimated at $27.31 per share, suggesting that the stock is modestly undervalued with a price-to-GF-Value ratio of 0.85.
The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This sale by the insider might be of interest to current and potential investors, providing insight into insider confidence and valuation perspectives at Cousins Properties Inc.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
