Today’s Market Runner: Is Selling Cousins Properties Inc Here a Winning Strategy?

Today's Market Runner: Is Selling Cousins Properties Inc Here a Winning Strategy?

The stock of Cousins Properties Inc (NYSE:CUZ) is a huge mover today! 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.
The move comes after 5 months negative chart setup for the $1.53 billion company. It was reported on Oct, 7 by We have $6.73 PT which if reached, will make NYSE:CUZ worth $122.40 million less.

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 $48.21M for 7.93 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 firm has “Neutral” rating by Robert W. Baird given on Wednesday, August 17. Robert W. Baird upgraded it to “Outperform” rating and $12.0 target price in Thursday, January 7 report. Stifel Nicolaus downgraded Cousins Properties Inc (NYSE:CUZ) rating on Thursday, September 29. Stifel Nicolaus has “Sell” rating and $9.50 price target.

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 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.
Moreover, Hutchin Hill Capital Lp has 0.03% invested in Cousins Properties Inc (NYSE:CUZ) for 100,000 shares. Moreover, Neuberger Berman Limited Liability Corporation has 0% invested in Cousins Properties Inc (NYSE:CUZ) for 38,844 shares. Moreover, Daiwa Securities has 0.1% invested in Cousins Properties Inc (NYSE:CUZ) for 1.56M shares. State Of Tennessee Treasury Department holds 160,616 shares or 0.01% of its portfolio. Alliancebernstein Limited Partnership holds 0% or 546,925 shares in its portfolio. Deprince Race & Zollo Inc has invested 0.61% of its portfolio in Cousins Properties Inc (NYSE:CUZ). First Quadrant L P Ca has 11,200 shares for 0% of their US portfolio. Synovus Financial Corporation has invested 0% of its portfolio in Cousins Properties Inc (NYSE:CUZ). Voya Invest Management Limited Liability Corp, a Georgia-based fund reported 91,444 shares. Teacher Retirement Sys Of Texas accumulated 0.03% or 476,516 shares. State Board Of Administration Of Florida Retirement Systems has 0% invested in the company for 69,821 shares. Pnc Group Incorporated accumulated 0% or 22,741 shares. Jefferies Gru reported 15,015 shares or 0% of all its holdings. Tiaa Cref Investment Llc owns 924,893 shares or 0.01% of their US portfolio. Art Advsrs Ltd Liability Corp has 0.09% invested in the company for 179,683 shares.

More important recent Cousins Properties Inc (NYSE:CUZ) news were published by: which released: “Cousins Properties closes acquisition of Parkway — here’s how it affects Austin” on October 06, 2016, also published article titled: “Cousins Properties to Join S&P MidCap 400; Community Health Systems, Ollie’s …”, 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: 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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