Cousins Properties Incorporated (NYSE:CUZ) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 32.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 192,550 shares of the real estate investment trust's stock after acquiring an additional 47,629 shares during the period. Envestnet Asset Management Inc. owned about 0.12% of Cousins Properties worth $5,900,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CUZ. JPMorgan Chase & Co. raised its position in shares of Cousins Properties by 21.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,749,662 shares of the real estate investment trust's stock worth $51,580,000 after purchasing an additional 309,571 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Cousins Properties by 4.9% in the fourth quarter. Rhumbline Advisers now owns 466,850 shares of the real estate investment trust's stock worth $14,304,000 after acquiring an additional 21,939 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Cousins Properties by 7.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,677,769 shares of the real estate investment trust's stock valued at $82,047,000 after acquiring an additional 189,411 shares in the last quarter. KBC Group NV boosted its stake in shares of Cousins Properties by 23.2% during the fourth quarter. KBC Group NV now owns 6,027 shares of the real estate investment trust's stock valued at $185,000 after acquiring an additional 1,135 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in Cousins Properties by 24.5% during the 4th quarter. Van ECK Associates Corp now owns 36,162 shares of the real estate investment trust's stock worth $1,108,000 after purchasing an additional 7,119 shares in the last quarter. Hedge funds and other institutional investors own 94.38% of the company's stock.

Cousins Properties Stock Down 0.2 %

NYSE:CUZ traded down $0.04 during mid-day trading on Friday, hitting $27.63. The company had a trading volume of 237,781 shares, compared to its average volume of 1,253,463. The business has a fifty day simple moving average of $28.49 and a 200-day simple moving average of $29.89. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 92.15, a PEG ratio of 2.98 and a beta of 1.24. Cousins Properties Incorporated has a 1 year low of $22.01 and a 1 year high of $32.55. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, beating the consensus estimate of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. Equities analysts forecast that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.63%. The ex-dividend date was Thursday, April 3rd. Cousins Properties's dividend payout ratio (DPR) is 426.67%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CUZ. Barclays decreased their target price on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. Robert W. Baird decreased their price target on Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. Wolfe Research upgraded Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price target for the company in a report on Monday, April 7th. StockNews.com cut shares of Cousins Properties from a "hold" rating to a "sell" rating in a research report on Wednesday, April 9th. Finally, Mizuho raised shares of Cousins Properties from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $22.00 to $30.00 in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $32.70.

About Cousins Properties

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.