Envestnet Asset Management Inc. trimmed its holdings in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 233,225 shares of the real estate investment trust's stock after selling 14,087 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.22% of Highwoods Properties worth $7,132,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of HIW. Versant Capital Management Inc increased its position in shares of Highwoods Properties by 12.0% during the fourth quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust's stock worth $93,000 after acquiring an additional 327 shares during the period. Everhart Financial Group Inc. lifted its holdings in shares of Highwoods Properties by 6.0% in the 4th quarter. Everhart Financial Group Inc. now owns 11,719 shares of the real estate investment trust's stock worth $358,000 after buying an additional 660 shares during the period. Jones Financial Companies Lllp grew its position in shares of Highwoods Properties by 375.0% during the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust's stock worth $26,000 after buying an additional 675 shares in the last quarter. Venturi Wealth Management LLC increased its stake in shares of Highwoods Properties by 26.1% during the fourth quarter. Venturi Wealth Management LLC now owns 4,111 shares of the real estate investment trust's stock valued at $126,000 after buying an additional 851 shares during the period. Finally, Inspire Investing LLC raised its holdings in shares of Highwoods Properties by 6.9% in the fourth quarter. Inspire Investing LLC now owns 13,202 shares of the real estate investment trust's stock valued at $404,000 after acquiring an additional 855 shares in the last quarter. 96.31% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have commented on HIW. StockNews.com downgraded shares of Highwoods Properties from a "hold" rating to a "sell" rating in a research report on Thursday, April 3rd. Truist Financial cut their price objective on shares of Highwoods Properties from $33.00 to $32.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Jefferies Financial Group started coverage on Highwoods Properties in a research report on Monday, March 17th. They set a "buy" rating and a $32.00 target price on the stock. Finally, Mizuho boosted their price target on Highwoods Properties from $24.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $32.50.
Check Out Our Latest Analysis on HIW
Highwoods Properties Stock Down 0.6 %
Shares of HIW stock traded down $0.18 during trading hours on Friday, reaching $28.11. 90,684 shares of the company's stock were exchanged, compared to its average volume of 910,006. Highwoods Properties, Inc. has a fifty-two week low of $24.07 and a fifty-two week high of $36.78. The stock's 50 day moving average is $28.27 and its 200-day moving average is $30.34. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.41. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 29.56 and a beta of 1.15.
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, meeting the consensus estimate of $0.85. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. Analysts predict 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 will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 7.11%. The ex-dividend date of this dividend is Monday, May 19th. Highwoods Properties's payout ratio is currently 210.53%.
Highwoods Properties Profile
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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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