24,930 Shares in Highwoods Properties, Inc. (NYSE:HIW) Bought by Atom Investors LP

Atom Investors LP purchased a new position in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 24,930 shares of the real estate investment trust's stock, valued at approximately $835,000.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in Highwoods Properties by 269.8% in the 3rd quarter. Blue Trust Inc. now owns 3,221 shares of the real estate investment trust's stock valued at $108,000 after buying an additional 2,350 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Highwoods Properties by 55.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,260 shares of the real estate investment trust's stock valued at $109,000 after buying an additional 1,167 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Highwoods Properties by 35.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,114 shares of the real estate investment trust's stock valued at $135,000 after buying an additional 1,069 shares in the last quarter. GAMMA Investing LLC grew its holdings in Highwoods Properties by 11.7% in the 2nd quarter. GAMMA Investing LLC now owns 4,206 shares of the real estate investment trust's stock valued at $110,000 after buying an additional 440 shares in the last quarter. Finally, Point72 Hong Kong Ltd grew its holdings in Highwoods Properties by 3,054.5% in the 3rd quarter. Point72 Hong Kong Ltd now owns 5,962 shares of the real estate investment trust's stock valued at $200,000 after buying an additional 5,773 shares in the last quarter. 96.31% of the stock is currently owned by hedge funds and other institutional investors.

Highwoods Properties Stock Up 1.1 %

Shares of HIW traded up $0.35 during mid-day trading on Wednesday, reaching $31.53. The company's stock had a trading volume of 814,164 shares, compared to its average volume of 996,183. Highwoods Properties, Inc. has a 12-month low of $20.24 and a 12-month high of $36.78. The stock has a market cap of $3.34 billion, a PE ratio of 23.25 and a beta of 1.24. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.31 and a quick ratio of 1.31. The company's 50 day moving average is $33.31 and its 200 day moving average is $30.41.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.88 by ($0.74). Highwoods Properties had a return on equity of 6.05% and a net margin of 17.40%. The firm had revenue of $204.30 million for the quarter, compared to analysts' expectations of $204.96 million. During the same quarter in the prior year, the business earned $0.93 EPS. The company's quarterly revenue was down 1.4% compared to the same quarter last year. Equities analysts anticipate that Highwoods Properties, Inc. will post 3.62 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, November 18th. This represents a $2.00 dividend on an annualized basis and a yield of 6.34%. Highwoods Properties's payout ratio is 149.25%.

Wall Street Analyst Weigh In

HIW has been the topic of several recent analyst reports. Robert W. Baird upped their price target on Highwoods Properties from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered Highwoods Properties from a "buy" rating to a "hold" rating and upped their price target for the company from $31.00 to $35.00 in a research note on Tuesday, October 1st. Finally, Wells Fargo & Company upped their price target on Highwoods Properties from $32.00 to $35.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $31.20.

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.