Price Action Report: Could Cousins Properties Inc See a Reversal After This Very Strong Session?

Price Action Report: Could Cousins Properties Inc See a Reversal After This Very Strong Session?

The stock of Cousins Properties Inc (NYSE:CUZ) is a huge mover today! Cousins Properties Inc (NYSE:CUZ) has risen 13.27% since March 1, 2016 and is uptrending. It has outperformed by 4.02% the S&P500.
The move comes after 8 months positive chart setup for the $2.19 billion company. It was reported on Oct, 4 by Barchart.com. We have $17.66 PT which if reached, will make NYSE:CUZ worth $1.51 billion more.

Analysts await Cousins Properties Inc (NYSE:CUZ) to report earnings on October, 25. They expect $0.23 EPS, down 4.17% or $0.01 from last year’s $0.24 per share. CUZ’s profit will be $48.20M for 11.36 P/E if the $0.23 EPS becomes a reality. After $0.22 actual EPS reported by Cousins Properties Inc for the previous quarter, Wall Street now forecasts 4.55% EPS growth.

Cousins Properties Inc (NYSE:CUZ) Ratings Coverage

Out of 3 analysts covering Cousins Properties (NYSE:CUZ), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. Cousins Properties has been the topic of 4 analyst reports since November 24, 2015 according to StockzIntelligence Inc. The rating was upgraded by Robert W. Baird on Thursday, January 7 to “Outperform”. The stock of Cousins Properties Inc (NYSE:CUZ) earned “Sell” rating by Stifel Nicolaus on Thursday, September 29. The company was downgraded on Wednesday, August 17 by Robert W. Baird.

According to Zacks Investment Research, “Cousins Properties Inc., is an Atlanta-based, fully integrated, self administered equity REIT. The Company has extensive experience in the real estate industry, including the acquisition, financing, development, management and leasing of properties. Cousins has been a public company since 1962, and its common stock trades on the New York Stock Exchange. The Company owns a portfolio of well-located, high-quality retail, office, medical office and land development projects and holds several tracts of strategically located undeveloped land.”

Insitutional Activity: The institutional sentiment increased to 1.48 in 2016 Q2. Its up 0.11, from 1.37 in 2016Q1. The ratio increased, as 13 funds sold all Cousins Properties Inc shares owned while 54 reduced positions. 28 funds bought stakes while 71 increased positions. They now own 214.65 million shares or 2.82% more from 208.75 million shares in 2016Q1.
Strs Ohio has 0.02% invested in the company for 379,948 shares. New Mexico Educational Retirement Board owns 30,071 shares or 0.01% of their US portfolio. Barclays Public Limited Co has invested 0% of its portfolio in Cousins Properties Inc (NYSE:CUZ). Nationwide Fund Advsrs accumulated 374,963 shares or 0.02% of the stock. Dalton Greiner Hartman Maher & last reported 1.30M shares in the company. Ls Advsr Llc owns 6,983 shares or 0.01% of their US portfolio. Wellington Group Limited Liability Partnership has 0% invested in the company for 28,383 shares. The Maryland-based Proshare Limited Liability Corp has invested 0.01% in Cousins Properties Inc (NYSE:CUZ). Davis Selected Advisers last reported 0.06% of its portfolio in the stock. Amer Grp Inc reported 153,278 shares or 0% of all its holdings. Nuveen Asset Management Limited Com has invested 0.08% of its portfolio in Cousins Properties Inc (NYSE:CUZ). Kcg Inc holds 38,866 shares or 0.01% of its portfolio. State Of Alaska Department Of Revenue last reported 0.09% of its portfolio in the stock. The Michigan-based Asset Mngmt has invested 0% in Cousins Properties Inc (NYSE:CUZ). Jefferies Group Inc Llc, a New York-based fund reported 15,015 shares.

More important recent Cousins Properties Inc (NYSE:CUZ) news were published by: Prnewswire.com which released: “Cousins Properties to Join S&P MidCap 400; Community Health Systems, Ollie’s …” on October 03, 2016, also Bloomberg.com published article titled: “Cousins Properties to Buy Parkway for $1.95 Billion in Stock”, Bizjournals.com published: “Cousins Properties close to a deal to sell iconic One Ninety One Peachtree tower” on September 28, 2016. More interesting news about Cousins Properties Inc (NYSE:CUZ) was released by: Prnewswire.com and their article: “Cousins Properties Names Colin Connolly Chief Operating Officer” with publication date: July 14, 2016.

CUZ Company Profile

Cousins Properties Incorporated (Cousins), incorporated on May 13, 1905, is a self-administered and self-managed real estate investment trust (REIT). The Firm 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. The Company’s divisions include Office, Retail, Land and Other. The Company’s divisions by property type are Office, Mixed Use and Other. The Company’s divisions by geographical region are Atlanta, Houston, Austin, Charlotte and Other. The Firm invests in Class-A office towers and mixed-use developments in Sunbelt markets, including Atlanta, Austin, Charlotte, Dallas and Houston.

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