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 5.82% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.55%, 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 5.08% in the last 1 week, and is up 5.68% 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 5.49% and the 50-Day Moving Average is 5.99%.The 200 Day SMA reached 14.13%. Cousins Properties Incorporated is up 5.09% in the last 3-month period. Year-to-Date the stock performance stands at 21.4%.
Cousins Properties Incorporated (NYSE:CUZ): After opening at $11.09, the stock dipped to an intraday low of $11.06 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $11.3 and the buying power remained strong till the end. The stock closed at $11.17 for the day, a gain of 1.55% for the day session. The total traded volume was 1,439,377. The stocks close on the previous trading day was $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.