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

Envestnet Asset Management Inc. boosted its position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 32.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp raised its holdings in Cousins Properties by 1,609.3% during the fourth quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 869 shares in the last quarter. UMB Bank n.a. grew its position in shares of Cousins Properties by 67.4% in the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 395 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in Cousins Properties by 473.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,301 shares of the real estate investment trust's stock worth $127,000 after acquiring an additional 3,551 shares in the last quarter. BankPlus Trust Department purchased a new stake in Cousins Properties in the fourth quarter valued at $142,000. Finally, Assetmark Inc. boosted its stake in Cousins Properties by 15.3% in the fourth quarter. Assetmark Inc. now owns 5,995 shares of the real estate investment trust's stock valued at $184,000 after acquiring an additional 794 shares in the last quarter. 94.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Wolfe Research upgraded shares of Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective on the stock in a research note on Monday, April 7th. StockNews.com downgraded Cousins Properties from a "hold" rating to a "sell" rating in a research note on Wednesday, April 9th. Jefferies Financial Group began coverage on Cousins Properties in a report on Monday, March 17th. They issued a "buy" rating and a $35.00 target price on the stock. Mizuho raised Cousins Properties from an "underperform" rating to a "neutral" rating and increased their price target for the stock from $22.00 to $30.00 in a report on Tuesday, January 7th. Finally, Barclays dropped their price objective on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Cousins Properties has a consensus rating of "Moderate Buy" and an average price target of $32.70.

Cousins Properties Trading Up 0.2 %

NYSE:CUZ traded up $0.06 on Friday, reaching $27.73. The stock had a trading volume of 585,298 shares, compared to its average volume of 1,252,349. The company has a market cap of $4.66 billion, a price-to-earnings ratio of 92.43, a P/E/G ratio of 2.98 and a beta of 1.24. Cousins Properties Incorporated has a 12-month low of $22.01 and a 12-month high of $32.55. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74. The firm's fifty day moving average is $28.44 and its two-hundred day moving average is $29.88.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping 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 expect that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date was Thursday, April 3rd. Cousins Properties's payout ratio is currently 426.67%.

Cousins Properties Company Profile

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.