Live Stock Coverage: After Touching 1 Year Low, Is Cousins Properties Inc’s Near-Term Analysis Negative?

Live Stock Coverage: After Touching 1 Year Low, Is Cousins Properties Inc's Near Term Analysis Negative?

The stock of Cousins Properties Inc (NYSE:CUZ) hit a new 52-week low and has $7.20 target or 5.00% below today’s $7.58 share price. The 7 months bearish chart indicates high risk for the $1.59B company. The 1-year low was reported on Oct, 7 by Barchart.com. If the $7.20 price target is reached, the company will be worth $79.50 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. Cousins Properties Inc (NYSE:CUZ) has risen 5.60% since March 4, 2016 and is uptrending. It has underperformed by 2.44% the S&P500.

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 $48.25 million for 8.24 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. As per Thursday, January 7, the company rating was upgraded by Robert W. Baird. The firm has “Neutral” rating by Robert W. Baird given on Wednesday, August 17. As per Thursday, September 29, the company rating was downgraded by Stifel Nicolaus.

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 Q2 2016. Its up 0.11, from 1.37 in 2016Q1. The ratio improved, 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.
Comerica Retail Bank has 419,117 shares for 0.04% of their US portfolio. Louisiana State Employees Retirement Sys has 0.05% invested in the company for 88,400 shares. Balyasny Asset Mgmt Ltd Liability Company, a Illinois-based fund reported 258,886 shares. The California-based Blackrock Fund has invested 0.03% in Cousins Properties Inc (NYSE:CUZ). First Quadrant L P Ca accumulated 11,200 shares or 0% of the stock. Jpmorgan Chase And owns 810,614 shares or 0% of their US portfolio. Tiaa Cref Invest Ltd Liability Com has invested 0.01% of its portfolio in Cousins Properties Inc (NYSE:CUZ). Citigroup holds 117,558 shares or 0% of its portfolio. Hsbc Hldgs Plc owns 35,273 shares or 0% of their US portfolio. Panagora Asset Mgmt last reported 0.01% of its portfolio in the stock. Piermont Capital Management Incorporated accumulated 314,762 shares or 0.85% of the stock. Pinebridge Investments Ltd Partnership accumulated 25,314 shares or 0.01% of the stock. New York State Teachers Retirement Sys has 380,915 shares for 0.01% of their US portfolio. Strs Ohio has 379,948 shares for 0.02% of their US portfolio. The Alaska-based State Of Alaska Department Of Revenue has invested 0.09% in Cousins Properties Inc (NYSE:CUZ).

More important recent Cousins Properties Inc (NYSE:CUZ) news were published by: Bizjournals.com which released: “Cousins Properties closes acquisition of Parkway — here’s how it affects Austin” on October 06, 2016, also Prnewswire.com published article titled: “Cousins Properties to Join S&P MidCap 400; Community Health Systems, Ollie’s …”, Bizjournals.com published: “Cousins Properties and Parkway Properties stockholders approve merger” on August 24, 2016. More interesting news about Cousins Properties Inc (NYSE:CUZ) was released by: Bloomberg.com and their article: “Cousins Properties to Buy Parkway for $1.95 Billion in Stock” with publication date: April 29, 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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