Candriam S.C.A. Has $3.56 Million Stock Holdings in Highwoods Properties, Inc. (NYSE:HIW)

Candriam S.C.A. increased its position in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 128.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,303 shares of the real estate investment trust's stock after acquiring an additional 65,377 shares during the quarter. Candriam S.C.A. owned about 0.11% of Highwoods Properties worth $3,557,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp boosted its position in shares of Highwoods Properties by 375.0% in the fourth 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 period. Quarry LP bought a new stake in Highwoods Properties in the 3rd quarter valued at $48,000. Smartleaf Asset Management LLC grew its position in 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 worth $73,000 after purchasing an additional 1,351 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Highwoods Properties by 12.0% during the 4th quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust's stock worth $93,000 after purchasing an additional 327 shares during the period. Finally, Venturi Wealth Management LLC increased its holdings in shares of Highwoods Properties by 55.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 3,260 shares of the real estate investment trust's stock worth $109,000 after purchasing an additional 1,167 shares during the period. 96.31% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of research firms recently weighed in on HIW. Mizuho lifted their target price on Highwoods Properties from $24.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Jefferies Financial Group lowered their price objective on Highwoods Properties from $35.00 to $31.00 and set a "hold" rating on the stock in a research report on Thursday, January 2nd. Truist Financial cut their target price on Highwoods Properties from $33.00 to $32.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Finally, StockNews.com upgraded shares of Highwoods Properties from a "sell" rating to a "hold" rating in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Highwoods Properties has an average rating of "Hold" and a consensus target price of $30.71.

Highwoods Properties Price Performance

NYSE:HIW traded down $0.30 during trading hours on Wednesday, reaching $28.47. The company had a trading volume of 1,731,054 shares, compared to its average volume of 1,039,425. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.41. The stock has a 50-day moving average of $29.32 and a two-hundred day moving average of $31.39. Highwoods Properties, Inc. has a one year low of $23.52 and a one year high of $36.78. The firm has a market capitalization of $3.06 billion, a PE ratio of 29.97 and a beta of 1.25.

Highwoods Properties (NYSE:HIW - Get Free Report) last announced its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. Analysts forecast that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.02%. The ex-dividend date of this dividend was Tuesday, February 18th. Highwoods Properties's dividend payout ratio (DPR) is currently 210.53%.

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.