Atlas Capital Advisors Inc. Sells 12,128 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Atlas Capital Advisors Inc. lessened its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 76.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,646 shares of the real estate investment trust's stock after selling 12,128 shares during the period. Atlas Capital Advisors Inc.'s holdings in Highwoods Properties were worth $111,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Norges Bank bought a new stake in Highwoods Properties during the fourth quarter worth about $32,727,000. Aew Capital Management L P acquired a new stake in shares of Highwoods Properties during the 4th quarter worth approximately $31,250,000. Franklin Resources Inc. boosted its position in shares of Highwoods Properties by 40.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,130,452 shares of the real estate investment trust's stock worth $107,155,000 after acquiring an additional 908,401 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Highwoods Properties by 20.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,265,824 shares of the real estate investment trust's stock valued at $99,869,000 after acquiring an additional 556,828 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its position in Highwoods Properties by 55.9% during the fourth 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 purchasing an additional 454,670 shares in the last quarter. 96.31% of the stock is owned by institutional investors.

Highwoods Properties Trading Up 1.2 %

NYSE HIW traded up $0.30 during trading hours on Friday, reaching $26.38. The company's stock had a trading volume of 669,468 shares, compared to its average volume of 916,767. The firm has a fifty day simple moving average of $28.54 and a 200-day simple moving average of $30.66. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.25 and a quick ratio of 1.25. Highwoods Properties, Inc. has a 52 week low of $23.52 and a 52 week high of $36.78. The stock has a market cap of $2.84 billion, a P/E ratio of 27.77 and a beta of 1.15.

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, meeting the consensus estimate of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. Equities analysts forecast that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Dividend Announcement

The business 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. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.58%. Highwoods Properties's dividend payout ratio (DPR) is 210.53%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. StockNews.com lowered Highwoods Properties from a "hold" rating to a "sell" rating in a research note on Thursday, April 3rd. Truist Financial decreased their target price on Highwoods Properties from $33.00 to $32.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Jefferies Financial Group initiated coverage on shares of Highwoods Properties in a report on Monday, March 17th. They issued a "buy" rating and a $32.00 target price for the company. Finally, Mizuho lifted 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $32.50.

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.