Cousins Properties Scales New High

Shares of Cousins Properties Incorporated (CUZ) hit a new 52-week high touching $12.17 at the end of the trading session on Tuesday, May 27, 2014, thanks to increased investors’ expectation following the company’s lease deal with Earth Fare at Emory Point. Also, the stock gained from strong first-quarter 2014 results.

The closing price of $12.17 represents a solid year-to-date return of 21.3%. The trading volume for the session was 1.36 million shares.

Despite the strong price appreciation, this Zacks Rank #3 (Hold) stock has plenty of upside left, given the improving operating environment, expected second-quarter 2014 earnings growth of 48.3% and long-term growth of 8.06%. In addition, the company has recorded a solid average earnings surprise of 10.8% in the last four quarters.

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