Shares of Cousins Properties Incorporated (CUZ) Sees Large Inflow of Net Money Flow

Cousins Properties Incorporated (CUZ) : Investors lapped up stocks on upticks to the tune of $3.19 million in the Fridays trading session. The trading value on downticks was comparatively at $1.24 million and the uptick to downtick ratio of 2.58 indicates continuous buying by the bulls. The net money flow into the stock was $1.95 million. Upticks saw transactions worth $1.94 clearly indicating buying by large investors. The total money flow for block trades stood at $1.94 million, which is a positive for the stock in the long-term. Cousins Properties Incorporated (CUZ) fell $0.05 during the day at $11, a drop of -0.45% over the previous days close. However, for the week, the stock is -0.36%, compared to the previous week.


Cousins Properties Incorporated (CUZ) : The highest short term price target forecast on Cousins Properties Incorporated (CUZ) is $12 and the lowest target price is $11. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $11.13 with a standard deviation of $0.63.

Cousins Properties Incorporated (NYSE:CUZ): On Fridays trading session , Opening price of the stock was $11.02 with an intraday high of $11.13. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $11. However, the stock managed to close at $11, a loss of 0.45% for the day. On the previous day, the stock had closed at $11.05. The total traded volume of the day was 1,345,652 shares.

In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Cousins Properties Inc, Gellerstedt Lawrence L Iii had purchased shares worth of $99,640 in a transaction dated on February 17, 2016. A total of 11,750 shares were purchased at a price of $8.48 per share. 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.