Cousins Properties Incorporated (CUZ) has risen sharply, recording gains of 0.19% in the past 4 weeks. However, the stock has corrected -0.66% in the past 1 week, providing a good buying opportunity on dips. Cousins Properties Incorporated (CUZ) : During the past 4 weeks, traders have been relatively bearish on Cousins Properties Incorporated (CUZ), hence the stock is down -2.24% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.08% relative to the S&P 500.
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 $10.52 and $10.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.57, notching a gain of 0.96% for the day. The total traded volume was 1,684,466 . The stock had closed at $10.47 on the previous day.
The stock has recorded a 20-day Moving Average of 1.68% and the 50-Day Moving Average is 0.43%. Cousins Properties Incorporated has dropped 0.75% during the last 3-month period . Year-to-Date the stock performance stands at 14.01%.
Cousins Properties Incorporated (CUZ) : The consensus price target for Cousins Properties Incorporated (CUZ) is $11.19 for the short term with a standard deviation of $0.55. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $12, however, the pessimist price target for the company is $11.
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.