Cousins Properties Incorporated (CUZ) : Traders are bullish on Cousins Properties Incorporated (CUZ) as it has outperformed the S&P 500 by a wide margin of 2.6% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.1%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.64% in the last 1 week, and is up 7.08% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 6.07% and the 50-Day Moving Average is 4.44%.
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 $10.97 and $10.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.05. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.04, notching a gain of 0.82% for the day. The total traded volume was 2,454,460 . The stock had closed at $10.95 on the previous day.
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%. In a related news, Gellerstedt Lawrence L Iii, CEO of Cousins Properties Inc, had purchased 11,750 shares on February 17, 2016. The total value of the transaction was $99,640. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.