Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.73 Million Stake in Highwoods Properties, Inc. (NYSE:HIW)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 38.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,612 shares of the real estate investment trust's stock after buying an additional 15,712 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.05% of Highwoods Properties worth $1,731,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Jones Financial Companies Lllp raised its stake in Highwoods Properties by 375.0% during the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 675 shares in the last quarter. Quarry LP bought a new stake in shares of Highwoods Properties during the 3rd quarter valued at about $48,000. Smartleaf Asset Management LLC raised its stake in Highwoods Properties by 124.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,434 shares of the real estate investment trust's stock worth $73,000 after acquiring an additional 1,351 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Highwoods Properties by 363.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,972 shares of the real estate investment trust's stock worth $91,000 after acquiring an additional 2,331 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in Highwoods Properties by 12.0% in the fourth quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust's stock valued at $93,000 after acquiring an additional 327 shares during the period. Institutional investors own 96.31% of the company's stock.

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Analysts Set New Price Targets

A number of analysts have recently weighed in on HIW shares. Truist Financial dropped their price target 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. StockNews.com raised Highwoods Properties from a "sell" rating to a "hold" rating in a research report on Friday, March 14th. Mizuho boosted 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. Finally, 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 price objective on the stock. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $32.50.

Highwoods Properties Price Performance

Shares of NYSE HIW traded up $0.17 during mid-day trading on Friday, reaching $29.21. 856,418 shares of the company traded hands, compared to its average volume of 908,167. Highwoods Properties, Inc. has a fifty-two week low of $23.52 and a fifty-two week high of $36.78. The firm has a market cap of $3.14 billion, a PE ratio of 30.74 and a beta of 1.25. The stock has a fifty day simple moving average of $29.11 and a 200-day simple moving average of $31.12. 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 (NYSE:HIW - Get Free Report) last issued 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 return on equity of 4.33% and a net margin of 12.37%. Equities research analysts anticipate that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.

Highwoods Properties Announces Dividend

The company also recently disclosed 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 6.85%. The ex-dividend date of this dividend was Tuesday, February 18th. Highwoods Properties's payout ratio is 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.