Amundi lifted its position in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 45.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,120 shares of the real estate investment trust's stock after acquiring an additional 34,403 shares during the quarter. Amundi owned 0.10% of Highwoods Properties worth $3,225,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Rialto Wealth Management LLC bought a new position in Highwoods Properties during the fourth quarter worth $1,852,000. Candriam S.C.A. lifted its position in shares of Highwoods Properties by 128.4% in the 4th quarter. Candriam S.C.A. now owns 116,303 shares of the real estate investment trust's stock worth $3,557,000 after buying an additional 65,377 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Highwoods Properties in the 4th quarter worth about $6,565,000. Proficio Capital Partners LLC acquired a new position in shares of Highwoods Properties in the 4th quarter valued at about $674,000. Finally, Cbre Investment Management Listed Real Assets LLC grew its position in shares of Highwoods Properties by 33.0% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 542,107 shares of the real estate investment trust's stock valued at $16,578,000 after buying an additional 134,448 shares during the last quarter. 96.31% of the stock is currently owned by institutional investors.
Highwoods Properties Price Performance
HIW stock traded down $0.09 during trading on Thursday, hitting $28.87. The company had a trading volume of 1,029,545 shares, compared to its average volume of 871,459. The business has a 50 day moving average of $29.13 and a 200 day moving average of $31.25. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 30.39 and a beta of 1.25. 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, Inc. has a fifty-two week low of $23.52 and a fifty-two week 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 EPS for the quarter, hitting analysts' consensus estimates of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. As a group, research analysts predict that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.
Highwoods Properties Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.93%. The ex-dividend date of this dividend was Tuesday, February 18th. Highwoods Properties's payout ratio is currently 210.53%.
Analyst Ratings Changes
Several equities analysts have recently commented on HIW shares. Truist Financial lowered their target price on Highwoods Properties from $33.00 to $32.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Jefferies Financial Group initiated coverage on Highwoods Properties in a research note on Monday. They issued a "buy" rating and a $32.00 target price on the stock. StockNews.com upgraded shares of Highwoods Properties from a "sell" rating to a "hold" rating in a research report on Friday, March 14th. Finally, Mizuho lifted their price objective 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $30.86.
View Our Latest Stock Report on Highwoods Properties
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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