AlphaQuest LLC Lowers Stock Holdings in Highwoods Properties, Inc. (NYSE:HIW)

AlphaQuest LLC lessened its position in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 78.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,710 shares of the real estate investment trust's stock after selling 10,070 shares during the quarter. AlphaQuest LLC's holdings in Highwoods Properties were worth $83,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HIW. Jones Financial Companies Lllp raised its stake in Highwoods Properties by 375.0% during the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 675 shares during the last quarter. Quarry LP purchased a new stake in Highwoods Properties during the 3rd quarter valued at approximately $48,000. Smartleaf Asset Management LLC lifted its holdings in shares of Highwoods Properties by 124.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,434 shares of the real estate investment trust's stock valued at $73,000 after buying an additional 1,351 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Highwoods Properties by 12.0% in the 4th quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust's stock valued at $93,000 after buying an additional 327 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Highwoods Properties by 26.1% in the 4th quarter. Venturi Wealth Management LLC now owns 4,111 shares of the real estate investment trust's stock valued at $126,000 after buying an additional 851 shares during the period. Hedge funds and other institutional investors own 96.31% of the company's stock.

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Highwoods Properties Price Performance

Highwoods Properties stock traded down $0.10 during mid-day trading on Friday, hitting $28.81. 1,788,592 shares of the company were exchanged, compared to its average volume of 875,060. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.25 and a quick ratio of 1.25. The business's 50 day simple moving average is $29.14 and its two-hundred day simple moving average is $31.21. The company has a market capitalization of $3.10 billion, a P/E ratio of 30.32 and a beta of 1.25. Highwoods Properties, Inc. has a 12-month low of $23.52 and a 12-month 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 for the quarter, hitting the consensus estimate of $0.85. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. Analysts forecast that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 6.94%. The ex-dividend date of this dividend was Tuesday, February 18th. Highwoods Properties's payout ratio is 210.53%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Jefferies Financial Group assumed coverage on Highwoods Properties in a report on Monday, March 17th. They issued a "buy" rating and a $32.00 price target for the company. StockNews.com raised Highwoods Properties from a "sell" rating to a "hold" rating in a report on Friday, March 14th. Mizuho lifted their price objective on Highwoods Properties from $24.00 to $29.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Finally, Truist Financial reduced their price objective on Highwoods Properties from $33.00 to $32.00 and set a "buy" rating for the company in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $30.86.

Highwoods Properties Company 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.