Assetmark Inc. lifted its position in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 372.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 43,731 shares of the real estate investment trust's stock after acquiring an additional 34,477 shares during the period. Assetmark Inc.'s holdings in Highwoods Properties were worth $1,337,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of HIW. Jones Financial Companies Lllp increased its stake in shares of Highwoods Properties by 375.0% in the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 675 shares during the period. Quarry LP bought a new position in Highwoods Properties in the 3rd quarter worth approximately $48,000. Smartleaf Asset Management LLC increased its position in Highwoods Properties by 124.7% in 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 acquiring an additional 1,351 shares during the period. Versant Capital Management Inc raised its stake in Highwoods Properties by 12.0% during the 4th quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust's stock valued at $93,000 after acquiring an additional 327 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its position in Highwoods Properties by 55.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 3,260 shares of the real estate investment trust's stock worth $109,000 after acquiring an additional 1,167 shares during the period. Institutional investors and hedge funds own 96.31% of the company's stock.
Highwoods Properties Price Performance
Shares of NYSE:HIW opened at $28.79 on Wednesday. The company has a market capitalization of $3.10 billion, a PE ratio of 30.30 and a beta of 1.25. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a fifty day moving average of $29.32 and a 200-day moving average of $31.39. Highwoods Properties, Inc. has a one year low of $23.52 and a one year high of $36.78.
Highwoods Properties (NYSE:HIW - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share for the quarter, meeting analysts' consensus estimates of $0.85. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. As a group, equities analysts anticipate that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.
Highwoods Properties Announces Dividend
The company also recently declared 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. The ex-dividend date was Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.95%. Highwoods Properties's dividend payout ratio is currently 210.53%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on HIW shares. Truist Financial cut their price objective on shares of Highwoods Properties from $33.00 to $32.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Jefferies Financial Group dropped their price target on shares of Highwoods Properties from $35.00 to $31.00 and set a "hold" rating on the stock in a research report on Thursday, January 2nd. Mizuho raised their price objective on shares of Highwoods Properties from $24.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Finally, StockNews.com upgraded Highwoods Properties from a "sell" rating to a "hold" rating in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $30.71.
View Our Latest Report on HIW
About Highwoods Properties
(
Free Report)
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.
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