Highwoods Properties, Inc. (NYSE:HIW) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. reduced its holdings in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 29.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,541 shares of the real estate investment trust's stock after selling 16,237 shares during the period. Hantz Financial Services Inc.'s holdings in Highwoods Properties were worth $1,209,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in HIW. Squarepoint Ops LLC grew its holdings in Highwoods Properties by 88.0% during the second quarter. Squarepoint Ops LLC now owns 28,535 shares of the real estate investment trust's stock worth $750,000 after acquiring an additional 13,355 shares during the period. The Manufacturers Life Insurance Company boosted its position in Highwoods Properties by 2.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,537 shares of the real estate investment trust's stock worth $566,000 after purchasing an additional 511 shares in the last quarter. Algert Global LLC grew its stake in shares of Highwoods Properties by 61.3% during the 2nd quarter. Algert Global LLC now owns 28,033 shares of the real estate investment trust's stock worth $736,000 after purchasing an additional 10,652 shares during the period. Creative Planning increased its holdings in shares of Highwoods Properties by 15.2% during the 2nd quarter. Creative Planning now owns 43,752 shares of the real estate investment trust's stock valued at $1,149,000 after purchasing an additional 5,780 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of Highwoods Properties in the 2nd quarter valued at $251,000. 96.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on HIW shares. Mizuho raised their price target on shares of Highwoods Properties from $24.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Wells Fargo & Company lifted their price target on Highwoods Properties from $32.00 to $35.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. Jefferies Financial Group lowered their price target 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. Finally, Robert W. Baird boosted their price objective on Highwoods Properties from $30.00 to $32.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Highwoods Properties presently has a consensus rating of "Hold" and an average target price of $30.86.

Highwoods Properties Price Performance

HIW stock traded down $0.30 during trading on Tuesday, hitting $29.10. The stock had a trading volume of 1,876,226 shares, compared to its average volume of 847,165. The company's 50-day moving average price is $30.31 and its two-hundred day moving average price is $31.66. Highwoods Properties, Inc. has a twelve month low of $21.46 and a twelve month high of $36.78. The stock has a market capitalization of $3.09 billion, a P/E ratio of 21.72 and a beta of 1.24. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.31 and a quick ratio of 1.31.

Highwoods Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.87%. The ex-dividend date is Tuesday, February 18th. Highwoods Properties's payout ratio is 149.25%.

Highwoods Properties 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.