Aew Capital Management L P purchased a new position in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,021,910 shares of the real estate investment trust's stock, valued at approximately $31,250,000. Highwoods Properties makes up about 1.5% of Aew Capital Management L P's portfolio, making the stock its 20th biggest holding. Aew Capital Management L P owned 0.96% of Highwoods Properties at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA raised its position in Highwoods Properties by 131.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,708,996 shares of the real estate investment trust's stock worth $90,778,000 after purchasing an additional 1,536,067 shares during the period. Franklin Resources Inc. increased its holdings in shares of Highwoods Properties by 40.9% in the third quarter. Franklin Resources Inc. now owns 3,130,452 shares of the real estate investment trust's stock worth $107,155,000 after buying an additional 908,401 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Highwoods Properties by 472.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 885,541 shares of the real estate investment trust's stock valued at $29,674,000 after acquiring an additional 730,859 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in Highwoods Properties by 55.9% during the 4th quarter. Allianz Asset Management GmbH now owns 1,267,553 shares of the real estate investment trust's stock valued at $38,762,000 after acquiring an additional 454,670 shares during the period. Finally, Barclays PLC grew its position in Highwoods Properties by 537.7% during the 3rd quarter. Barclays PLC now owns 485,368 shares of the real estate investment trust's stock worth $16,264,000 after acquiring an additional 409,258 shares during the last quarter. 96.31% of the stock is currently owned by institutional investors.
Highwoods Properties Trading Up 2.7 %
NYSE HIW traded up $0.76 during trading on Wednesday, hitting $28.84. The company had a trading volume of 1,070,225 shares, compared to its average volume of 967,879. The company's fifty day moving average is $29.46 and its 200-day moving average is $31.48. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 30.35 and a beta of 1.24. 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 one year low of $23.52 and a one year high of $36.78.
Highwoods Properties (NYSE:HIW - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. On average, sell-side analysts predict that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.
Highwoods Properties Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.00 annualized dividend and a yield of 6.94%. Highwoods Properties's payout ratio is 210.53%.
Analyst Upgrades and Downgrades
Several analysts have weighed in on HIW shares. Truist Financial lowered their price objective on Highwoods Properties from $33.00 to $32.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Mizuho upped their price target on shares of Highwoods Properties from $24.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. StockNews.com lowered shares of Highwoods Properties from a "hold" rating to a "sell" rating in a report on Thursday, February 13th. Finally, Jefferies Financial Group decreased their price objective on shares of Highwoods Properties from $35.00 to $31.00 and set a "hold" rating on the stock in a research report on Thursday, January 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $30.71.
Get Our Latest Stock Report on Highwoods Properties
About Highwoods Properties
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Free Report)
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.
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