Cousins Properties Inc (NYSE:CUZ) Short Interest Update

Cousins Properties Inc (NYSE:CUZ) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 3,081,300 shares, an increase of 7.7% from the June 30th total of 2,860,000 shares. Based on an average trading volume of 2,420,000 shares, the short-interest ratio is currently 1.3 days. Currently, 0.7% of the company’s shares are sold short.

A number of research firms have issued reports on CUZ. Zacks Investment Research raised Cousins Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. ValuEngine cut Cousins Properties from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.

Several hedge funds have recently bought and sold shares of the company. Pflug Koory LLC bought a new stake in Cousins Properties during the second quarter worth about $25,000. Edge Wealth Management LLC bought a new stake in Cousins Properties during the second quarter worth about $26,000. Creative Financial Designs Inc. ADV bought a new stake in Cousins Properties during the second quarter worth about $26,000. Penserra Capital Management LLC bought a new stake in Cousins Properties during the first quarter worth about $36,000. Finally, Legacy Bridge LLC bought a new stake in Cousins Properties during the second quarter worth about $36,000.



Shares of CUZ stock traded up $0.19 on Thursday, hitting $34.17. 1,362,585 shares of the stock were exchanged, compared to its average volume of 1,840,024. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 13.56, a P/E/G ratio of 3.52 and a beta of 0.91. The business has a 50-day moving average of $35.91. Cousins Properties has a fifty-two week low of $30.12 and a fifty-two week high of $40.40.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.01). The firm had revenue of $134.93 million for the quarter, compared to analyst estimates of $150.56 million. Cousins Properties had a return on equity of 1.71% and a net margin of 10.61%. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.15 earnings per share. As a group, equities research analysts expect that Cousins Properties will post 2.89 earnings per share for the current fiscal year.

Cousins Properties Company Profile

Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets.

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