Benzinga - by Benzinga Insights, Benzinga Staff Writer.
Revealing a significant insider sell on May 2, ADZEMA GREGG D, EVP and CFO at Cousins Props (NYSE:CUZ), as per the latest SEC filing.
What Happened: According to a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, D sold 71,097 shares of Cousins Props. The total transaction value is $1,657,271.
In the Friday's morning session, Cousins Props's shares are currently trading at $23.76, experiencing a up of 0.72%.
About Cousins Props Cousins Properties Inc is a real estate investment trust principally involved in the ownership, management, and development of properties in the Southern United States. Cousins Properties' real estate portfolio mainly comprises offices and mixed-use developments that encompass both apartment and retail space. Offices make up the vast majority of the portfolio in terms of total square footage. Cousins' assets are mainly located in Texas and Georgia, with North Carolina also playing host to a smaller amount of rental space. The company derives nearly all of its revenue in the form of rental income from its properties, the majority of which comes from its office locations. A diverse set of tenants in the cities of Houston and Atlanta represent the company's key markets.
Cousins Props's Financial Performance Positive Revenue Trend: Examining Cousins Props's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 3.21% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Real Estate sector.
Insights into Profitability:
- Gross Margin: The company maintains a high gross margin of 66.03%, indicating strong cost management and profitability compared to its peers.
- Earnings per Share (EPS): Cousins Props's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 0.09.
Valuation Metrics: A Closer Look
- Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 48.14, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
- Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 4.43 suggests overvaluation in the eyes of investors, considering sales performance.
- EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): Cousins Props's EV/EBITDA ratio at 12.16 suggests potential undervaluation, falling below industry averages.
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Delving Into the Significance of Insider Transactions Insider transactions are not the sole determinant of investment choices, but they are a factor worth considering.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
Unlocking the Meaning of Transaction Codes In the domain of transactions, investors frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
Check Out The Full List Of Cousins Props's Insider Trades.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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