65,065 Shares in Highwoods Properties, Inc. (NYSE:HIW) Bought by Natixis

Natixis acquired a new stake in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 65,065 shares of the real estate investment trust's stock, valued at approximately $1,990,000. Natixis owned about 0.06% of Highwoods Properties at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GeoWealth Management LLC grew its stake in shares of Highwoods Properties by 42.9% in the 4th quarter. GeoWealth Management LLC now owns 10,322 shares of the real estate investment trust's stock valued at $316,000 after buying an additional 3,098 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Highwoods Properties by 5.4% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 248,879 shares of the real estate investment trust's stock valued at $7,603,000 after acquiring an additional 12,722 shares during the last quarter. Jump Financial LLC bought a new stake in Highwoods Properties in the fourth quarter worth approximately $1,314,000. Mariner LLC increased its stake in shares of Highwoods Properties by 6.8% during the 4th quarter. Mariner LLC now owns 37,689 shares of the real estate investment trust's stock worth $1,152,000 after purchasing an additional 2,404 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its stake in shares of Highwoods Properties by 1.1% in the 4th quarter. Sterling Capital Management LLC now owns 142,310 shares of the real estate investment trust's stock valued at $4,352,000 after purchasing an additional 1,491 shares during the last quarter. Hedge funds and other institutional investors own 96.31% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on HIW. Mizuho increased their target price on shares of Highwoods Properties from $24.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Truist Financial cut their price objective on Highwoods Properties from $33.00 to $32.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. StockNews.com cut Highwoods Properties from a "hold" rating to a "sell" rating in a research report on Thursday, April 3rd. Finally, Jefferies Financial Group assumed coverage on shares of Highwoods Properties in a research report on Monday, March 17th. They issued a "buy" rating and a $32.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Highwoods Properties currently has a consensus rating of "Hold" and a consensus target price of $32.50.

Highwoods Properties Stock Up 2.2 %

HIW opened at $27.69 on Wednesday. The business has a 50 day moving average of $28.31 and a 200-day moving average of $30.38. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 29.15 and a beta of 1.15. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.41. Highwoods Properties, Inc. has a 1-year low of $24.07 and a 1-year high of $36.78.

Highwoods Properties (NYSE:HIW - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. As a group, sell-side analysts anticipate that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.22%. The ex-dividend date was Tuesday, February 18th. Highwoods Properties's dividend payout ratio is presently 210.53%.

About Highwoods Properties

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded NYSE: HIW, fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.

Want to see what other hedge funds are holding HIW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Highwoods Properties, Inc. (NYSE:HIW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.