Fmr LLC Has $894,000 Stock Position in Highwoods Properties, Inc. (NYSE:HIW)

FMR LLC lessened its holdings in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 87.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,686 shares of the real estate investment trust's stock after selling 194,595 shares during the period. FMR LLC's holdings in Highwoods Properties were worth $894,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Assenagon Asset Management S.A. acquired a new stake in shares of Highwoods Properties during the 2nd quarter worth about $353,000. Nisa Investment Advisors LLC lifted its stake in shares of Highwoods Properties by 14.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 58,580 shares of the real estate investment trust's stock worth $1,539,000 after purchasing an additional 7,456 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Highwoods Properties by 3.6% during the second quarter. Fifth Third Bancorp now owns 10,766 shares of the real estate investment trust's stock worth $283,000 after purchasing an additional 376 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in Highwoods Properties by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 53,300 shares of the real estate investment trust's stock worth $1,400,000 after buying an additional 900 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Highwoods Properties by 4.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,227,656 shares of the real estate investment trust's stock worth $32,251,000 after buying an additional 56,399 shares during the last quarter. 96.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of Highwoods Properties from $32.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. Robert W. Baird increased their price objective on shares of Highwoods Properties from $30.00 to $32.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft cut Highwoods Properties from a "buy" rating to a "hold" rating and boosted their price target for the stock from $31.00 to $35.00 in a research note on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $31.20.

Highwoods Properties Stock Performance

HIW traded down $0.08 during trading hours on Tuesday, hitting $31.24. 642,090 shares of the stock were exchanged, compared to its average volume of 990,221. Highwoods Properties, Inc. has a 12 month low of $21.37 and a 12 month high of $36.78. The stock has a 50-day simple moving average of $32.97 and a 200-day simple moving average of $30.81. 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 stock has a market cap of $3.31 billion, a price-to-earnings ratio of 23.31 and a beta of 1.24.

Highwoods Properties (NYSE:HIW - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.74). Highwoods Properties had a net margin of 17.40% and a return on equity of 6.05%. The firm had revenue of $204.30 million during the quarter, compared to the consensus estimate of $204.96 million. During the same quarter in the prior year, the business earned $0.93 earnings per share. The company's revenue for the quarter was down 1.4% compared to the same quarter last year. Analysts anticipate that Highwoods Properties, Inc. will post 3.62 earnings per share for the current year.

Highwoods Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, November 18th. This represents a $2.00 annualized dividend and a yield of 6.40%. Highwoods Properties's payout ratio is presently 149.25%.

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.