LSV Asset Management Has $27.70 Million Stock Position in Highwoods Properties, Inc. (NYSE:HIW)

LSV Asset Management raised its position in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 37.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 905,900 shares of the real estate investment trust's stock after purchasing an additional 245,200 shares during the period. LSV Asset Management owned 0.85% of Highwoods Properties worth $27,702,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. US Bancorp DE raised its position in Highwoods Properties by 72.6% during the fourth quarter. US Bancorp DE now owns 21,956 shares of the real estate investment trust's stock valued at $671,000 after acquiring an additional 9,235 shares in the last quarter. B&I Capital AG increased its stake in shares of Highwoods Properties by 111.7% during the 4th quarter. B&I Capital AG now owns 262,500 shares of the real estate investment trust's stock worth $8,027,000 after purchasing an additional 138,500 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Highwoods Properties by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,133,242 shares of the real estate investment trust's stock valued at $65,235,000 after purchasing an additional 71,670 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Highwoods Properties by 65.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,562 shares of the real estate investment trust's stock valued at $220,000 after purchasing an additional 2,587 shares in the last quarter. Finally, Oliver Luxxe Assets LLC lifted its stake in shares of Highwoods Properties by 44.4% in the 4th quarter. Oliver Luxxe Assets LLC now owns 70,426 shares of the real estate investment trust's stock valued at $2,154,000 after purchasing an additional 21,655 shares during the last quarter. 96.31% of the stock is currently owned by institutional investors and hedge funds.

Highwoods Properties Stock Performance

Shares of Highwoods Properties stock traded up $0.31 during midday trading on Thursday, hitting $27.60. The company had a trading volume of 237,404 shares, compared to its average volume of 911,671. The stock has a market cap of $2.98 billion, a PE ratio of 29.07 and a beta of 1.15. Highwoods Properties, Inc. has a 1-year low of $23.62 and a 1-year high of $36.78. The business's 50 day simple moving average is $28.43 and its two-hundred day simple moving average is $30.56. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.25 and a quick ratio of 1.25.

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

Highwoods Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 7.25%. The ex-dividend date was Tuesday, February 18th. Highwoods Properties's payout ratio is 210.53%.

Wall Street Analyst Weigh In

HIW has been the topic of several recent research reports. Jefferies Financial Group began coverage on Highwoods Properties in a report on Monday, March 17th. They set a "buy" rating and a $32.00 target price on the stock. Mizuho upped their target price on Highwoods Properties from $24.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. 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, StockNews.com cut shares of Highwoods Properties from a "hold" rating to a "sell" rating in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $32.50.

About Highwoods Properties

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.