Cousins Properties Inc. (CUZ) Reaches New 12-Month High at $11.13
Cousins Properties Inc. (NYSE:CUZ) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $11.13 and last traded at $11.10, with a volume of 432,374 shares changing hands. The stock had previously closed at $11.05.
A number of equities research analysts have issued reports on CUZ shares. Zacks Investment Research downgraded Cousins Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, April 26th. TheStreet raised Cousins Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, April 19th.
The stock’s 50 day moving average price is $10.60 and its 200-day moving average price is $9.89. The stock has a market capitalization of $2.31 billion and a PE ratio of 16.87.
Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by $0.01. During the same period in the previous year, the company posted $0.21 earnings per share. The firm earned $91.30 million during the quarter, compared to analyst estimates of $91.81 million. The firm’s quarterly revenue was down .7% on a year-over-year basis. On average, analysts forecast that Cousins Properties Inc. will post $0.83 EPS for the current year.
Other large investors recently added to or reduced their stakes in the company. State of Tennessee Treasury Department bought a new stake in Cousins Properties during the fourth quarter valued at $1,514,000. Systematic Financial Management LP bought a new stake in Cousins Properties during the fourth quarter valued at $1,798,000. Marshall Wace LLP bought a new stake in Cousins Properties during the fourth quarter valued at $1,327,000. Waterfront Capital Partners LLC bought a new stake in Cousins Properties during the fourth quarter valued at $6,931,000. Finally, Deere & Co. bought a new stake in Cousins Properties during the fourth quarter valued at $1,893,000.
Cousins Properties Incorporated (Cousins) is a self-administered and self-managed real estate investment trust (REIT). The Company focuses on development, acquisition, leasing and property management. The Company’s investment strategy is to purchase Class A office assets or locate opportunistic development or redevelopment projects in its core markets to which it can add value through relationships, capital, or market expertise.
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