Revenue Update on Cousins Properties Inc(NYSE:CUZ)

Cousins Properties Inc(NYSE:CUZ) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $92.69M. Analysts estimated a revenue of $89.52M. Earnings per share were $0.22. Analysts had estimated an EPS of $0.22.

Cousins Properties Inc (CUZ) made into the market gainers list on Fridays trading session with the shares advancing 0.76% or 0.08 points. Due to strong positive momentum, the stock ended at $10.64, which is also near the day’s high of $10.83. The stock began the session at $10.54 and the volume stood at 13,62,851 shares. The 52-week high of the shares is $11.13 and the 52 week low is $7.53. The company has a current market capitalization of $2,236 M and it has 21,01,07,300 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Feb 18, 2016, Lawrence L Iii Gellerstedt (CEO) purchased 11,750 shares at $8.48 per share price.Also, On Sep 14, 2015, Michael Colin Connolly (Chief Investment Officer) purchased 5,000 shares at $9.23 per share price.On Sep 14, 2015, Gregg D Adzema (CFO) purchased 10,000 shares at $9.08 per share price, according to the Form-4 filing with the securities and exchange commission.

Cousins Properties Incorporated (Cousins) is a self-administered and self-managed real estate investment trust (REIT). Cousins Real Estate Corporation (CREC) is an entity wholly owned by Cousins. Cousins CREC Cousins TRS Services LLC (CTRS) and their subsidiaries (collectively the Company) develop acquire lease manage and own primarily Class A office properties and opportunistic mixed-use developments in Sunbelt markets with a focus on Georgia Texas and North Carolina. It operates its business in four segments: Office Retail Land and Other. The Company’s portfolio of real estate assets consists of interests in approximately 15.7 million square feet of office space 80000 square feet of retail space and 404000 square feet (443 units) of apartments. It has ownership interests in various properties including Greenway Plaza Post Oak Central 2100 Ross Avenue 816 Congress and Promenade among others. Its portfolio includes around 16 operating office properties.

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