Helix Partners Management LP Invests $6.12 Million in Highwoods Properties, Inc. (NYSE:HIW)

Helix Partners Management LP bought a new stake in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 200,000 shares of the real estate investment trust's stock, valued at approximately $6,116,000. Highwoods Properties comprises approximately 1.1% of Helix Partners Management LP's investment portfolio, making the stock its 9th biggest holding. Helix Partners Management LP owned approximately 0.19% of Highwoods Properties as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its holdings in shares of 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 acquiring an additional 675 shares during the period. Quarry LP acquired a new position in Highwoods Properties during the 3rd quarter valued at about $48,000. Smartleaf Asset Management LLC boosted its stake in Highwoods Properties by 124.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,434 shares of the real estate investment trust's stock valued at $73,000 after purchasing an additional 1,351 shares during the period. EverSource Wealth Advisors LLC grew its position in Highwoods Properties by 363.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,972 shares of the real estate investment trust's stock worth $91,000 after purchasing an additional 2,331 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of 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 purchasing an additional 327 shares during the period. 96.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HIW. Jefferies Financial Group assumed coverage on Highwoods Properties in a report on Monday, March 17th. They issued a "buy" rating and a $32.00 price objective for the company. StockNews.com cut Highwoods Properties from a "hold" rating to a "sell" rating in a research note on Thursday, April 3rd. Truist Financial lowered their price target on Highwoods Properties from $33.00 to $32.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Finally, Mizuho upped their price objective on shares of Highwoods Properties from $24.00 to $29.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $32.50.

Highwoods Properties Price Performance

Shares of NYSE HIW traded up $0.13 during midday trading on Tuesday, reaching $26.28. The company's stock had a trading volume of 373,904 shares, compared to its average volume of 1,032,581. Highwoods Properties, Inc. has a one year low of $23.52 and a one year high of $36.78. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 27.65 and a beta of 1.15. The company has a 50 day moving average price of $28.92 and a 200 day moving average price of $30.92. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.41.

Highwoods Properties (NYSE:HIW - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. On average, equities research analysts expect that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 7.61%. The ex-dividend date of this dividend was Tuesday, February 18th. Highwoods Properties's dividend payout ratio is 210.53%.

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.