Short Interest in Cousins Properties Inc (CUZ) Decreases By 18.5%

Cousins Properties Inc (NYSE:CUZ) saw a significant decline in short interest in 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. Based on an average trading volume of 2,748,225 shares, the short-interest ratio is currently 7.7 days. Approximately 5.1% of the shares of the stock are short sold.

Cousins Properties (NYSE:CUZ) opened at $8.45 on Wednesday. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.39. Cousins Properties has a 12 month low of $7.81 and a 12 month high of $9.63. The company has a market cap of $3,582.51, a P/E ratio of 16.57 and a beta of 0.99.

Several brokerages recently commented on CUZ. Bank of America raised shares of Cousins Properties from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Monday, December 4th. ValuEngine cut shares of Cousins Properties from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. Cousins Properties currently has an average rating of “Buy” and an average price target of $10.10.

In related news, insider S Taylor Glover sold 74,351 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $9.41, for a total transaction of $699,642.91. Following the completion of the transaction, the insider now owns 485,284 shares of the company’s stock, valued at $4,566,522.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.14% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in CUZ. Bank of New York Mellon Corp grew its stake in Cousins Properties by 95.0% in the 4th quarter. Bank of New York Mellon Corp now owns 11,603,704 shares of the real estate investment trust’s stock worth $107,335,000 after buying an additional 5,653,879 shares in the last quarter. BlackRock Inc. grew its stake in Cousins Properties by 4.6% in the 4th quarter. BlackRock Inc. now owns 57,131,287 shares of the real estate investment trust’s stock worth $528,463,000 after buying an additional 2,522,133 shares in the last quarter. Deprince Race & Zollo Inc. grew its stake in Cousins Properties by 1,957.3% in the 4th quarter. Deprince Race & Zollo Inc. now owns 2,269,234 shares of the real estate investment trust’s stock worth $20,990,000 after buying an additional 2,158,933 shares in the last quarter. State Street Corp grew its stake in Cousins Properties by 7.2% in the 2nd quarter. State Street Corp now owns 18,932,900 shares of the real estate investment trust’s stock worth $166,419,000 after buying an additional 1,271,330 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in Cousins Properties by 4.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 22,962,236 shares of the real estate investment trust’s stock worth $212,400,000 after buying an additional 1,066,008 shares in the last quarter.

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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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