Short Interest in Cousins Properties Inc (CUZ) Decreases By 18.5%
Cousins Properties Inc (NYSE:CUZ) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 21,109,814 shares, a decline of 18.5% from the January 12th total of 25,915,935 shares. Currently, 5.1% of the company’s shares are sold short. Based on an average trading volume of 2,748,225 shares, the days-to-cover ratio is currently 7.7 days.
Shares of Cousins Properties (CUZ) opened at $8.45 on Wednesday. Cousins Properties has a 1-year low of $7.81 and a 1-year high of $9.63. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.39. The company has a market cap of $3,582.51, a price-to-earnings ratio of 16.57 and a beta of 0.99.
A number of equities research analysts have recently weighed in on CUZ shares. Zacks Investment Research upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. Bank of America upgraded shares of Cousins Properties from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Monday, December 4th. Finally, ValuEngine lowered shares of Cousins Properties from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. Cousins Properties currently has an average rating of “Buy” and a consensus target price of $10.10.
Hedge funds and other institutional investors have recently modified their holdings of the business. Signition LP bought a new position in Cousins Properties in the 4th quarter worth $116,000. Zeke Capital Advisors LLC bought a new position in Cousins Properties in the 3rd quarter worth $126,000. Advisor Group Inc. raised its holdings in Cousins Properties by 40.3% in the 2nd quarter. Advisor Group Inc. now owns 14,567 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 4,183 shares in the last quarter. HRT Financial LLC bought a new position in Cousins Properties in the 4th quarter worth $193,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Cousins Properties in the 3rd quarter worth $202,000.
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About Cousins Properties
Cousins Properties Incorporated is a self-administered and self-managed real estate investment trust. The Company’s segments include Office, Mixed-Use, Other, Atlanta, Austin, Charlotte, Orlando, Tampa, Phoenix and Other. It develops, acquires, leases, manages and owns primarily Class A office properties and opportunistic mixed-use developments in Sunbelt markets with a focus on Georgia, Texas and North Carolina.
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