Notable Runner: Is Cousins Properties Inc a Buy? The Stock Rises Again

Notable Runner: Is Cousins Properties Inc a Buy? The Stock Rises Again

The stock of Cousins Properties Inc (NYSE:CUZ) is a huge mover today! About 810,718 shares traded hands. Cousins Properties Inc (NYSE:CUZ) has declined 27.66% since April 11, 2016 and is downtrending. It has underperformed by 33.81% the S&P500.
The move comes after 5 months positive chart setup for the $2.98B company. It was reported on Nov, 11 by Barchart.com. We have $11.72 PT which if reached, will make NYSE:CUZ worth $1.61B more.

Cousins Properties Inc (NYSE:CUZ) Ratings Coverage

Out of 3 analysts covering Cousins Properties (NYSE:CUZ), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Cousins Properties has been the topic of 5 analyst reports since November 24, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Robert W. Baird on Wednesday, August 17. The firm earned “Outperform” rating on Thursday, January 7 by Robert W. Baird. Stifel Nicolaus downgraded Cousins Properties Inc (NYSE:CUZ) on Thursday, September 29 to “Sell” rating. Stifel Nicolaus upgraded Cousins Properties Inc (NYSE:CUZ) on Tuesday, October 18 to “Hold” rating.

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.
The California-based Blackrock Fund Advsrs has invested 0.03% in Cousins Properties Inc (NYSE:CUZ). Cipher Cap L P, a New York-based fund reported 176,268 shares. Arizona State Retirement System reported 103,638 shares or 0.02% of all its holdings. Citadel Ltd Llc holds 0% or 88,526 shares in its portfolio. Neuberger Berman Gp Ltd Llc last reported 0% of its portfolio in the stock. Clarivest Asset Mngmt Lc holds 0% or 76 shares in its portfolio. Blackrock Japan owns 10,637 shares or 0% of their US portfolio. Connor Clark And Lunn Management holds 43,300 shares or 0% of its portfolio. Deutsche National Bank & Trust Ag accumulated 0.02% or 2.12M shares. Ftb Inc holds 1,309 shares or 0% of its portfolio. The Australia-based Macquarie Group has invested 0.01% in Cousins Properties Inc (NYSE:CUZ). American Gp holds 0% or 153,278 shares in its portfolio. Piedmont Llc last reported 0% of its portfolio in the stock. Mizuho Trust And Com Limited accumulated 0% or 38,887 shares. Metropolitan Life Ins Ny last reported 167,371 shares in the company.

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 Bizjournals.com published article titled: “Cousins Properties and Parkway Properties stockholders approve merger”, Bizjournals.com published: “Cousins Properties buying Parkway in $2B-plus deal, exiting Houston office market” on April 29, 2016. More interesting news about Cousins Properties Inc (NYSE:CUZ) was released by: Prnewswire.com and their article: “REIT Stocks on Investors’ Radar — Cousins Properties, Gramercy Property Trust …” with publication date: October 24, 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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