Cbre Investment Management Listed Real Assets LLC Has $16.58 Million Stock Holdings in Highwoods Properties, Inc. (NYSE:HIW)

Cbre Investment Management Listed Real Assets LLC increased its stake in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 33.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 542,107 shares of the real estate investment trust's stock after buying an additional 134,448 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned approximately 0.51% of Highwoods Properties worth $16,578,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Oppenheimer & Co. Inc. boosted its holdings in shares of Highwoods Properties by 184.7% in the 3rd 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 last quarter. State of New Jersey Common Pension Fund D acquired a new stake in shares of Highwoods Properties in the 3rd quarter valued at approximately $2,085,000. Point72 Asset Management L.P. boosted its holdings in shares of Highwoods Properties by 436.3% in the 3rd 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 buying an additional 175,499 shares during the last quarter. B&I Capital AG boosted its holdings in shares of Highwoods Properties by 111.7% in the 4th quarter. B&I Capital AG now owns 262,500 shares of the real estate investment trust's stock valued at $8,027,000 after buying an additional 138,500 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in 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 during the last quarter. Institutional investors and hedge funds own 96.31% of the company's stock.

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Analyst Ratings Changes

HIW has been the subject of several research reports. Truist Financial cut their price target on Highwoods Properties from $33.00 to $32.00 and set a "buy" rating for the company in a report on Thursday, February 13th. StockNews.com raised Highwoods Properties from a "sell" rating to a "hold" rating in a report on Wednesday. Mizuho raised their price target on Highwoods Properties from $24.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Finally, Jefferies Financial Group cut their price target on Highwoods Properties from $35.00 to $31.00 and set a "hold" rating for the company in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Highwoods Properties currently has a consensus rating of "Hold" and an average target price of $30.71.

Highwoods Properties Stock Performance

HIW stock traded up $0.96 during trading hours on Friday, hitting $29.45. 1,509,881 shares of the stock were exchanged, compared to its average volume of 993,470. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $3.17 billion, a P/E ratio of 31.00 and a beta of 1.25. The company has a 50-day simple moving average of $29.39 and a two-hundred day simple moving average of $31.44. Highwoods Properties, Inc. has a 12 month low of $23.52 and a 12 month high of $36.78.

Highwoods Properties (NYSE:HIW - Get Free Report) last released its quarterly earnings data 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 return on equity of 4.33% and a net margin of 12.37%. On average, analysts forecast that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.79%. The ex-dividend date is Tuesday, February 18th. Highwoods Properties's payout ratio is 210.53%.

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.