The stock of Cousins Properties Inc (NYSE:CUZ) hit a new 52-week low and has $6.78 target or 5.00% below today’s $7.14 share price. The 8 months bearish chart indicates high risk for the $2.79B company. The 1-year low was reported on Nov, 4 by Barchart.com. If the $6.78 price target is reached, the company will be worth $139.50 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. About 1.41M shares traded hands. Cousins Properties Inc (NYSE:CUZ) has declined 30.41% since April 4, 2016 and is downtrending. It has underperformed by 31.50% the S&P500.
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. Stifel Nicolaus downgraded the shares of CUZ in a report on Thursday, September 29 to “Sell” rating. The firm has “Hold” rating given on Tuesday, October 18 by Stifel Nicolaus. The stock of Cousins Properties Inc (NYSE:CUZ) has “Neutral” rating given on Wednesday, August 17 by Robert W. Baird. Robert W. Baird upgraded Cousins Properties Inc (NYSE:CUZ) on Thursday, January 7 to “Outperform” 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 is positive, 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.
James Investment Inc last reported 0% of its portfolio in the stock. Basswood Capital Ltd Liability Corporation last reported 0.01% of its portfolio in the stock. Bb&T Secs Llc has 30,351 shares for 0% of their US portfolio. California Employees Retirement Systems last reported 0.01% of its portfolio in the stock. Nationwide Fund last reported 374,963 shares in the company. Allianz Asset Mngmt Ag last reported 0.02% of its portfolio in the stock. The Illinois-based Wolverine Asset Mngmt Lc has invested 0.01% in Cousins Properties Inc (NYSE:CUZ). Profund Advisors Limited Liability owns 54,383 shares or 0.03% of their US portfolio. Lsv Asset Mngmt has 0.14% invested in the company for 6.49M shares. The New York-based Morgan Stanley has invested 0.02% in Cousins Properties Inc (NYSE:CUZ). Moreover, State Street Corporation has 0.01% invested in Cousins Properties Inc (NYSE:CUZ) for 7.17M shares. World Asset Mngmt has 10,101 shares for 0% of their US portfolio. Cipher Capital Lp holds 0.13% or 176,268 shares in its portfolio. Aqr Cap Management Limited Liability accumulated 0.01% or 506,912 shares. The New York-based Alpine Woods Investors Limited Company has invested 0.02% in Cousins Properties Inc (NYSE:CUZ).
More notable recent Cousins Properties Inc (NYSE:CUZ) news were published by: Seekingalpha.com which released: “Cousins Properties’ (CUZ) CEO Larry Gellerstedt on Q3 2016 Results – Earnings …” on November 02, 2016, also Bizjournals.com with their article: “Cousins Properties closes acquisition of Parkway â€” here’s how it affects Austin” published on October 06, 2016, Bizjournals.com published: “Cousins Properties and Parkway Properties stockholders approve merger” on August 24, 2016. More interesting news about Cousins Properties Inc (NYSE:CUZ) were released by: Nasdaq.com and their article: “Cousins Properties (CUZ) Q3 FFO In Line, Revenues Fall Y/Y” published on November 02, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Cousins Properties reports third quarter results” with publication date: November 01, 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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