B&I Capital AG Boosts Stock Holdings in Highwoods Properties, Inc. (NYSE:HIW)

B&I Capital AG raised its position in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 111.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 262,500 shares of the real estate investment trust's stock after purchasing an additional 138,500 shares during the quarter. Highwoods Properties accounts for about 2.6% of B&I Capital AG's holdings, making the stock its 15th biggest holding. B&I Capital AG owned about 0.25% of Highwoods Properties worth $8,027,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. increased its stake in shares of Highwoods Properties by 184.7% in the third quarter. Oppenheimer & Co. Inc. now owns 27,048 shares of the real estate investment trust's stock valued at $906,000 after buying an additional 17,548 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in Highwoods Properties in the 3rd quarter valued at approximately $2,085,000. Point72 Asset Management L.P. raised its stake in shares of Highwoods Properties by 436.3% during the third quarter. Point72 Asset Management L.P. now owns 215,724 shares of the real estate investment trust's stock valued at $7,229,000 after acquiring an additional 175,499 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Highwoods Properties by 65.1% during the third quarter. BNP Paribas Financial Markets now owns 6,562 shares of the real estate investment trust's stock worth $220,000 after purchasing an additional 2,587 shares during the period. Finally, Harvest Portfolios Group Inc. grew its stake in shares of Highwoods Properties by 141.2% in the third quarter. Harvest Portfolios Group Inc. now owns 36,647 shares of the real estate investment trust's stock worth $1,228,000 after purchasing an additional 21,455 shares during the last quarter. 96.31% of the stock is owned by institutional investors and hedge funds.

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Highwoods Properties Trading Down 1.0 %

Shares of HIW stock traded down $0.29 during trading hours on Thursday, hitting $28.53. 1,551,549 shares of the company were exchanged, compared to its average volume of 978,624. The firm has a market cap of $3.07 billion, a P/E ratio of 30.04 and a beta of 1.24. Highwoods Properties, Inc. has a fifty-two week low of $23.52 and a fifty-two week high of $36.78. The company has a 50 day simple moving average of $29.46 and a two-hundred day simple moving average of $31.48. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.25 and a current ratio of 1.25.

Highwoods Properties (NYSE:HIW - Get Free Report) last announced 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 return on equity of 4.33% and a net margin of 12.37%. Equities analysts anticipate that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be given a $0.50 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.00 annualized dividend and a yield of 7.01%. Highwoods Properties's payout ratio is 210.53%.

Analyst Ratings Changes

Several brokerages have recently weighed in on HIW. StockNews.com raised Highwoods Properties from a "sell" rating to a "hold" rating in a research note on Wednesday. Jefferies Financial Group lowered their price target on shares of Highwoods Properties from $35.00 to $31.00 and set a "hold" rating for the company in a report on Thursday, January 2nd. Truist Financial reduced 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. Finally, Mizuho increased their price objective on shares of Highwoods Properties from $24.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $30.71.

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.