Algert Global LLC Has $3.62 Million Stake in Highwoods Properties, Inc. (NYSE:HIW)

Algert Global LLC increased its position in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 285.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,073 shares of the real estate investment trust's stock after acquiring an additional 80,040 shares during the quarter. Algert Global LLC owned about 0.10% of Highwoods Properties worth $3,622,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of HIW. PGGM Investments boosted its position in shares of Highwoods Properties by 77.9% during the 2nd quarter. PGGM Investments now owns 3,629,485 shares of the real estate investment trust's stock valued at $95,347,000 after acquiring an additional 1,589,730 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Highwoods Properties by 131.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,708,996 shares of the real estate investment trust's stock valued at $90,778,000 after acquiring an additional 1,536,067 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Highwoods Properties by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,061,572 shares of the real estate investment trust's stock valued at $69,083,000 after acquiring an additional 34,885 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Highwoods Properties by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,531,611 shares of the real estate investment trust's stock valued at $40,233,000 after acquiring an additional 36,285 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Highwoods Properties by 4.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,227,656 shares of the real estate investment trust's stock valued at $32,251,000 after acquiring an additional 56,399 shares in the last quarter. Institutional investors own 96.31% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HIW. Truist Financial lifted their target price on shares of Highwoods Properties from $29.00 to $33.00 and gave the company a "buy" rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft lowered shares of Highwoods Properties from a "buy" rating to a "hold" rating and boosted their price target for the company from $31.00 to $35.00 in a research report on Tuesday, October 1st. Robert W. Baird boosted their price target on shares of Highwoods Properties from $30.00 to $32.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company boosted their target price on shares of Highwoods Properties from $32.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $31.20.

Highwoods Properties Trading Up 0.3 %

Shares of HIW traded up $0.10 on Tuesday, reaching $32.44. 687,344 shares of the company's stock were exchanged, compared to its average volume of 1,003,100. The stock has a market capitalization of $3.44 billion, a P/E ratio of 24.21 and a beta of 1.26. The business has a 50 day moving average price of $33.45 and a two-hundred day moving average price of $30.20. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.41. Highwoods Properties, Inc. has a 12 month low of $17.58 and a 12 month high of $36.78.

Highwoods Properties (NYSE:HIW - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.74). The company had revenue of $204.30 million during the quarter, compared to analyst estimates of $204.96 million. Highwoods Properties had a net margin of 17.40% and a return on equity of 6.05%. The firm's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.93 EPS. Research analysts anticipate that Highwoods Properties, Inc. will post 3.62 earnings per share for the current year.

Highwoods Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 6.17%. The ex-dividend date is Monday, November 18th. Highwoods Properties's payout ratio is 149.25%.

Highwoods Properties Profile

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.