Cousins Properties Incorporated (NYSE:CUZ) has tumbled 5.41% during the past week and has dropped 2.09% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 4.28%. Cousins Properties Incorporated (NYSE:CUZ) has underperformed the index by 2.98% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Cousins Properties Incorporated (NYSE:CUZ): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.29 and $10.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.31, notching a gain of 0.10% for the day. The total traded volume was 3,283,982 . The stock had closed at $10.30 on the previous day.
The company shares have dropped -4.09% from its 1 Year high price. On Jun 9, 2016, the shares registered one year high at $11.07 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $10.66 and the 200 Day Moving Average price is recorded at $9.68.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Cousins Properties Inc, Gellerstedt Lawrence L Iii, had purchased 11,750 shares in a transaction dated on February 17, 2016. The transaction was executed at $8.48 per share with total amount equaling $99,640.
Currently the company Insiders own 3.16% of Cousins Properties Incorporated shares according to the proxy statements. Institutional Investors own 99.99% of Cousins Properties Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of 2.49%.
Cousins Properties Incorporated (Cousins) is a self-administered and self-managed real estate investment trust (REIT). Cousins Real Estate Corporation (CREC) is an entity wholly owned by Cousins. Cousins, CREC, Cousins TRS Services LLC (CTRS) and their subsidiaries (collectively, the Company) develop, acquire, lease, manage and own primarily Class A office properties and opportunistic mixed-use developments in Sunbelt markets with a focus on Georgia, Texas and North Carolina. It operates its business in four segments: Office, Retail, Land and Other. The Companys portfolio of real estate assets consists of interests in approximately 15.7 million square feet of office space, 80,000 square feet of retail space and 404,000 square feet (443 units) of apartments. It has ownership interests in various properties, including Greenway Plaza, Post Oak Central, 2100 Ross Avenue, 816 Congress and Promenade, among others. Its portfolio includes around 16 operating office properties.