Barclays PLC increased its holdings in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 537.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 485,368 shares of the real estate investment trust's stock after purchasing an additional 409,258 shares during the quarter. Barclays PLC owned 0.46% of Highwoods Properties worth $16,264,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of HIW. Oppenheimer & Co. Inc. raised its stake in shares of Highwoods Properties by 184.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 27,048 shares of the real estate investment trust's stock worth $906,000 after buying an additional 17,548 shares during the period. State of New Jersey Common Pension Fund D purchased a new stake in Highwoods Properties in the 3rd quarter worth $2,085,000. Victory Capital Management Inc. raised its position in Highwoods Properties by 7.4% during the second quarter. Victory Capital Management Inc. now owns 848,653 shares of the real estate investment trust's stock worth $22,294,000 after acquiring an additional 58,634 shares during the period. Point72 Asset Management L.P. lifted its holdings in Highwoods Properties by 436.3% during the third quarter. Point72 Asset Management L.P. now owns 215,724 shares of the real estate investment trust's stock valued at $7,229,000 after purchasing an additional 175,499 shares in the last quarter. Finally, Harvest Portfolios Group Inc. lifted its holdings in Highwoods Properties by 141.2% during the third quarter. Harvest Portfolios Group Inc. now owns 36,647 shares of the real estate investment trust's stock valued at $1,228,000 after purchasing an additional 21,455 shares in the last quarter. Hedge funds and other institutional investors own 96.31% of the company's stock.
Highwoods Properties Price Performance
NYSE HIW traded up $0.29 during trading hours on Friday, hitting $31.07. 519,723 shares of the company's stock traded hands, compared to its average volume of 992,306. The company has a market capitalization of $3.29 billion, a PE ratio of 23.19 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. Highwoods Properties, Inc. has a 52-week low of $21.37 and a 52-week high of $36.78. The firm's 50-day moving average is $33.01 and its 200-day moving average is $30.73.
Highwoods Properties (NYSE:HIW - Get Free Report) last posted 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 net margin of 17.40% and a return on equity of 6.05%. The company had revenue of $204.30 million during the quarter, compared to analysts' expectations of $204.96 million. During the same quarter last year, the company earned $0.93 earnings per share. Highwoods Properties's revenue for the quarter was down 1.4% on a year-over-year basis. Equities analysts forecast that Highwoods Properties, Inc. will post 3.62 EPS for the current fiscal year.
Highwoods Properties Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $2.00 annualized dividend and a dividend yield of 6.44%. Highwoods Properties's dividend payout ratio is presently 149.25%.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on HIW. Deutsche Bank Aktiengesellschaft downgraded shares of Highwoods Properties from a "buy" rating to a "hold" rating and upped their price target for the stock from $31.00 to $35.00 in a research report on Tuesday, October 1st. Wells Fargo & Company increased their target price on Highwoods Properties from $32.00 to $35.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. Finally, Robert W. Baird lifted their price target on Highwoods Properties from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. One investment 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 data from MarketBeat, Highwoods Properties currently has an average rating of "Hold" and a consensus target price of $31.20.
Read Our Latest Analysis on Highwoods Properties
Highwoods Properties Company Profile
(
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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