Congress Asset Management Co. Acquires 13,550 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Congress Asset Management Co. raised its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 11.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,965 shares of the real estate investment trust's stock after purchasing an additional 13,550 shares during the quarter. Congress Asset Management Co. owned 0.13% of Highwoods Properties worth $4,188,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP bought a new stake in Highwoods Properties during the 3rd quarter valued at $48,000. Versant Capital Management Inc increased 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 purchasing an additional 327 shares in the last quarter. Blue Trust Inc. increased its stake in Highwoods Properties by 269.8% during the 3rd quarter. Blue Trust Inc. now owns 3,221 shares of the real estate investment trust's stock valued at $108,000 after purchasing an additional 2,350 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of Highwoods Properties by 55.8% in 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 in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Highwoods Properties by 35.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,114 shares of the real estate investment trust's stock worth $135,000 after acquiring an additional 1,069 shares in the last quarter. Institutional investors own 96.31% of the company's stock.

Highwoods Properties Stock Performance

NYSE HIW traded down $0.23 during trading hours on Friday, reaching $29.22. 1,289,709 shares of the company were exchanged, compared to its average volume of 932,986. Highwoods Properties, Inc. has a 1 year low of $23.14 and a 1 year high of $36.78. The business's 50 day simple moving average is $29.68 and its 200-day simple moving average is $31.57. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $3.14 billion, a P/E ratio of 30.76 and a beta of 1.24.

Highwoods Properties (NYSE:HIW - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share (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%. On average, equities research analysts expect that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a yield of 6.84%. Highwoods Properties's dividend payout ratio is presently 210.53%.

Analysts Set New Price Targets

HIW has been the subject of several analyst reports. Mizuho increased their target price on shares of Highwoods Properties from $24.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Truist Financial lowered their target price on shares of Highwoods Properties from $33.00 to $32.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Wells Fargo & Company increased their target price on shares of Highwoods Properties from $32.00 to $35.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. Jefferies Financial Group lowered their target price 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. Finally, StockNews.com downgraded shares of Highwoods Properties from a "hold" rating to a "sell" rating in a report on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Highwoods Properties presently has an average rating of "Hold" and a consensus price target of $30.71.

Highwoods Properties 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.