Cousins Properties Incorporated shares had a trading volume of 3,186K in the last trading session. Shares saw a steep increase in trading volume of 115.24% over the normal average daily volume.
Traders are a little more bullish lately as indicated by the motion in short interest. The stock realized a fall in short interest of -3.64% as of the latest report on September 29, 2017. Short interest decreased from 22,385,501 to 21,570,162 over that period. With short interest at 21,570,162 and short average daily volume at 2,157,371, days to cover is 10.0 and the percentage of shorted shares is 0.05% as of September 29.
The following firms have recently changed their position in CUZ. As of quarter end State of Alaska, Department of Revenue had bought 7,410 shares growing its stake by 11.5%. The value of the total investment in Cousins Properties Incorporated increased from $567,000 to $672,000 a change of 18.5% quarter over quarter. As of the end of the quarter Narwhal Capital Management had disposed of a total of 1,750 shares trimming its holdings by 0.8%. The value of the company’s investment in Cousins Properties Incorporated went from $1,908,000 to $2,011,000 increasing 5.4% quarter to quarter.
Quantitative Systematic Strategies LLC cut its investment by selling 38,844 shares a decrease of 37.9% as of 09/30/2017. Quantitative Systematic Strategies LLC owns 63,639 shares worth $594,000. The total value of its holdings decreased 34.0%. As of quarter end Louisiana State Employees Retirement System had bought a total of 2,800 shares growing its position 2.6%. The value of the investment in (CUZ) increased from $961,000 to $1,047,000 a change of $86,000 since the last quarter.
On August 1, 2017 the stock rating was changed to “Buy” according to a Stifel Nicolaus report which was a boost from the previous “Hold” rating.
The company is down by 0.65% percent from yesterday’s close. Additionally the company recently declared a dividend for shareholders that was paid on Thursday October 12th, 2017. The dividend was $0.060 per share for the quarter or $0.24 on an annualized basis. The dividend yield was $2.55. The ex-dividend date was Friday the 29th of September 2017.
Company shares last traded at $9.19 just below the 50 day moving average which is $9.35 and which is a tad above the 200 day moving average of $8.92. The 50 day moving average went down by -1.72% and the 200 day average moved up $0.27.
Cousins Properties Incorporated’s P/E ratio is 14.75 and the market value is 3.86B. In the latest earnings report the EPS was $0.62 and is estimated to be $0.45 for the current year with 419,992,000 shares currently outstanding. Next quarter’s EPS is expected be $0.02 with next year’s EPS anticipated to be $0.11.
Cousins Properties Incorporated (Cousins) is a self-administered and self-managed real estate investment trust (REIT). The Business’s segments include Office, Mixed-Use, Other, Atlanta, Austin, Charlotte, Orlando, Tampa, Phoenix and Other. The Company 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. The Company manages a 15.8 million-square-foot trophy office portfolio in the Sun Belt markets of Atlanta, Austin, Charlotte, Orlando, Tampa and Tempe. As of December 31, 2016, the Business’s portfolio of real estate assets consisted of interests in 16.2 million square feet of office space and 786,000 square feet of mixed-use space..