Cousins Properties Inc (NYSE:CUZ) saw a significant decline in short interest in January. As of January 31st, there was short interest totalling 21,109,814 shares, a decline of 18.5% from the January 12th total of 25,915,935 shares. Based on an average trading volume of 2,748,225 shares, the short-interest ratio is currently 7.7 days. Approximately 5.1% of the shares of the stock are short sold.
Cousins Properties (NYSE:CUZ) opened at $8.45 on Wednesday. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.39. Cousins Properties has a 12 month low of $7.81 and a 12 month high of $9.63. The company has a market cap of $3,582.51, a P/E ratio of 16.57 and a beta of 0.99.
Several brokerages recently commented on CUZ. Bank of America raised shares of Cousins Properties from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Monday, December 4th. ValuEngine cut shares of Cousins Properties from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. Cousins Properties currently has an average rating of “Buy” and an average price target of $10.10.
In related news, insider S Taylor Glover sold 74,351 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $9.41, for a total transaction of $699,642.91. Following the completion of the transaction, the insider now owns 485,284 shares of the company’s stock, valued at $4,566,522.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.14% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in CUZ. Bank of New York Mellon Corp grew its stake in Cousins Properties by 95.0% in the 4th quarter. Bank of New York Mellon Corp now owns 11,603,704 shares of the real estate investment trust’s stock worth $107,335,000 after buying an additional 5,653,879 shares in the last quarter. BlackRock Inc. grew its stake in Cousins Properties by 4.6% in the 4th quarter. BlackRock Inc. now owns 57,131,287 shares of the real estate investment trust’s stock worth $528,463,000 after buying an additional 2,522,133 shares in the last quarter. Deprince Race & Zollo Inc. grew its stake in Cousins Properties by 1,957.3% in the 4th quarter. Deprince Race & Zollo Inc. now owns 2,269,234 shares of the real estate investment trust’s stock worth $20,990,000 after buying an additional 2,158,933 shares in the last quarter. State Street Corp grew its stake in Cousins Properties by 7.2% in the 2nd quarter. State Street Corp now owns 18,932,900 shares of the real estate investment trust’s stock worth $166,419,000 after buying an additional 1,271,330 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in Cousins Properties by 4.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 22,962,236 shares of the real estate investment trust’s stock worth $212,400,000 after buying an additional 1,066,008 shares in the last quarter.
TRADEMARK VIOLATION WARNING: “Short Interest in Cousins Properties Inc (CUZ) Decreases By 18.5%” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://ledgergazette.com/2018/02/14/short-interest-in-cousins-properties-inc-cuz-decreases-by-18-5.html.
About Cousins Properties
Cousins Properties Incorporated is a self-administered and self-managed real estate investment trust. The Company’s segments include Office, Mixed-Use, Other, Atlanta, Austin, Charlotte, Orlando, Tampa, Phoenix and Other. It develops, acquires, leases, manages and owns primarily Class A office properties and opportunistic mixed-use developments in Sunbelt markets with a focus on Georgia, Texas and North Carolina.
Receive News & Ratings for Cousins Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cousins Properties and related companies with MarketBeat.com's FREE daily email newsletter.