Breaking Short Interest: Is Buying Cousins Properties Incorporated (NYSE:CUZ) Here Good Idea?

November 30, 2016 - By kentuckypostne   ·   0 Comments

Breaking Short Interest: Is Buying Cousins Properties Incorporated (NYSE:CUZ) Here Good Idea?

The stock of Cousins Properties Incorporated (NYSE:CUZ) registered a decrease of 1.71% in short interest. CUZ’s total short interest was 14.50M shares in November as published by FINRA. Its down 1.71% from 14.75M shares, reported previously. With 4.58 million shares average volume, it will take short sellers 3 days to cover their CUZ’s short positions. The short interest to Cousins Properties Incorporated’s float is 6.93%. About 2.20 million shares traded hands. Cousins Properties Inc (NYSE:CUZ) has declined 24.60% since April 27, 2016 and is downtrending. It has underperformed by 29.83% the S&P500.

Cousins Properties Incorporated is a self-administered and self-managed real estate investment trust (REIT). The company has a market cap of $3.09 billion. The Firm focuses on development, acquisition, leasing and property management. It has a 16.81 P/E ratio. 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.

Insitutional Activity: The institutional sentiment decreased to 0.99 in 2016 Q2. Its down 0.49, from 1.48 in 2016Q1. The ratio dived, 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.
Jane Street Group reported 10,722 shares or 0% of all its holdings. The Missouri-based Benjamin F Edwards & Communication has invested 0% in Cousins Properties Inc (NYSE:CUZ). Tiaa Cref Inv Lc holds 0.01% or 924,893 shares in its portfolio. Strs Ohio has invested 0.02% of its portfolio in Cousins Properties Inc (NYSE:CUZ). Independent Consultants has 0.05% invested in the company for 16,514 shares. Moreover, Ameriprise Fincl has 0.01% invested in Cousins Properties Inc (NYSE:CUZ) for 2.41 million shares. Los Angeles Management & Equity has 0% invested in the company for 12,513 shares. Argent Cap Ltd Llc reported 123,425 shares or 0.06% of all its holdings. Profund Limited Com reported 54,383 shares or 0.03% of all its holdings. Breton Hill Capital Limited last reported 0.15% of its portfolio in the stock. Pensionfund Dsm Netherlands last reported 236,000 shares in the company. Dimensional Fund Advsrs Lp holds 0.02% of its portfolio in Cousins Properties Inc (NYSE:CUZ) for 2.87 million shares. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 10,653 shares in the company. California State Teachers Retirement Sys accumulated 0.01% or 436,430 shares. Mizuho Tru & Banking Ltd last reported 0% of its portfolio in the stock.

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 rating was downgraded by Stifel Nicolaus to “Sell” on Thursday, September 29. Robert W. Baird upgraded it to “Outperform” rating and $12.0 target price in Thursday, January 7 report. Robert W. Baird downgraded Cousins Properties Inc (NYSE:CUZ) on Wednesday, August 17 to “Neutral” rating. As per Tuesday, October 18, the company rating was upgraded by Stifel Nicolaus.

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.

More important recent Cousins Properties Inc (NYSE:CUZ) news were published by: Bizjournals.com which released: “Cousins Properties and Parkway Properties stockholders approve merger” on August 24, 2016, also Bloomberg.com published article titled: “Cousins Properties to Buy Parkway for $1.95 Billion in Stock”, Bizjournals.com published: “Cousins Properties closes acquisition of Parkway — here’s how it affects Austin” on October 06, 2016. More interesting news about Cousins Properties Inc (NYSE:CUZ) was released by: Prnewswire.com and their article: “Cousins Properties Names Colin Connolly Chief Operating Officer” with publication date: July 14, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By kentuckypostne


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>