Shares of Cousins Properties Incorporated (NYSE:CUZ) traded at a new 52-week high today of $40.38. Approximately 168,000 shares have changed hands today, as compared to an average 30-day volume of 1.1 million shares.
There is potential upside of 151.1% for shares of Cousins Properties Incorporated based on a current price of $40.14 and an average consensus analyst price target of $100.79.
Cousins Properties Inc is a real estate investment trust principally involved in the ownership, management, and development of properties in the Southern United States. Cousins Properties’ real estate portfolio primarily comprises offices and mixed-use developments that encompass both apartment and retail space. Offices make up the vast majority of the portfolio in terms of total square footage. Cousins’ assets are mainly located in Texas and Georgia, with North Carolina also playing host to a smaller amount of rental space. The company derives nearly all of its revenue in the form of rental income from its properties, most of which comes from its office locations. A diverse set of tenants in the cities of Houston and Atlanta represent the company’s major markets.
In the past 52 weeks, shares of Cousins Properties Incorporated have traded between a low of $24.17 and a high of $40.38 and is now at $40.14, which is 66% above that low price.
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