Hantz Financial Services Inc. Buys 24,572 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Hantz Financial Services Inc. raised its position in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 78.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,778 shares of the real estate investment trust's stock after purchasing an additional 24,572 shares during the quarter. Hantz Financial Services Inc. owned 0.05% of Highwoods Properties worth $1,869,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Versant Capital Management Inc boosted its stake in shares of Highwoods Properties by 141.3% in the second quarter. Versant Capital Management Inc now owns 2,073 shares of the real estate investment trust's stock valued at $54,000 after purchasing an additional 1,214 shares during the period. Blue Trust Inc. grew its holdings in shares of Highwoods Properties by 269.8% during the third quarter. Blue Trust Inc. now owns 3,221 shares of the real estate investment trust's stock valued at $108,000 after purchasing an additional 2,350 shares during the last quarter. Venturi Wealth Management LLC increased its position in Highwoods Properties by 55.8% in the third quarter. Venturi Wealth Management LLC now owns 3,260 shares of the real estate investment trust's stock worth $109,000 after buying an additional 1,167 shares during the period. GAMMA Investing LLC lifted its position in Highwoods Properties by 11.7% in the 2nd quarter. GAMMA Investing LLC now owns 4,206 shares of the real estate investment trust's stock valued at $110,000 after purchasing an additional 440 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Highwoods Properties by 35.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,114 shares of the real estate investment trust's stock valued at $135,000 after acquiring an additional 1,069 shares during the period. Hedge funds and other institutional investors own 96.31% of the company's stock.

Highwoods Properties Stock Performance

HIW traded up $0.01 on Friday, hitting $32.46. The company had a trading volume of 435,727 shares, compared to its average volume of 1,094,302. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 24.22 and a beta of 1.26. 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 company's fifty day moving average price is $33.39 and its 200 day moving average price is $30.32. Highwoods Properties, Inc. has a 1-year low of $18.56 and a 1-year high of $36.78.

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 analysts' consensus estimates of $0.88 by ($0.74). The firm had revenue of $204.30 million during the quarter, compared to analyst estimates of $204.96 million. Highwoods Properties had a return on equity of 6.05% and a net margin of 17.40%. Highwoods Properties's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.93 earnings per share. Equities analysts predict that Highwoods Properties, Inc. will post 3.62 earnings per share for the current fiscal year.

Highwoods Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.16%. Highwoods Properties's payout ratio is presently 149.25%.

Analysts Set New Price Targets

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

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.