A statement released earlier today by Stifel Nicolaus about Cousins Properties (NYSE:CUZ) bumps down the target price to $8.00
- Updated: October 18, 2016
Indicating a possible upside of 0%, Stifel Nicolaus lowered the target price of Cousins Properties (NYSE:CUZ) to $8.00
Just yesterday Cousins Properties (NYSE:CUZ) traded 1.15% higher at $0.00. The company’s 50-day moving average is $10.16 and its 200-day moving average is $10.46. The last closing price is down -24.38% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 4,283,588 shares of the stock traded hands, up from an average trading volume of 3,471,400
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Cousins Properties has price-earnings ratio of 11.95 with a one year low of $7.19 and a one year high of $11.40 and has a total market value of $0.
More About Cousins Properties (NYSE:CUZ)
Cousins Properties Incorporated (Cousins) is a self-administered and self-managed real estate investment trust (REIT). The Company focuses on development, acquisition, leasing and property management. The Company's investment strategy is to purchase Class A office assets or locate opportunistic development or redevelopment projects in its core markets to which it can add value through relationships, capital, or market expertise. The Company's segments include Office, Retail, Land and Other. The Company's segments by property type are Office, Mixed Use and Other. The Company's segments by geographical region are Atlanta, Houston, Austin, Charlotte and Other. The Company invests in Class-A office towers and mixed-use developments in Sunbelt markets, including Atlanta, Austin, Charlotte, Dallas and Houston.
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