Daiwa Securities Group Inc. reduced its position in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,156,943 shares of the real estate investment trust's stock after selling 42,954 shares during the quarter. Daiwa Securities Group Inc. owned about 2.03% of Highwoods Properties worth $65,959,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of HIW. Massachusetts Financial Services Co. MA raised its position in Highwoods Properties by 131.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,708,996 shares of the real estate investment trust's stock valued at $90,778,000 after purchasing an additional 1,536,067 shares during the last quarter. Aew Capital Management L P acquired a new stake in shares of Highwoods Properties during the fourth quarter worth about $31,250,000. Franklin Resources Inc. grew its holdings in shares of Highwoods Properties by 40.9% during the third quarter. Franklin Resources Inc. now owns 3,130,452 shares of the real estate investment trust's stock worth $107,155,000 after buying an additional 908,401 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Highwoods Properties by 472.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 885,541 shares of the real estate investment trust's stock valued at $29,674,000 after acquiring an additional 730,859 shares during the period. Finally, Allianz Asset Management GmbH raised its stake in Highwoods Properties by 55.9% during the 4th quarter. Allianz Asset Management GmbH now owns 1,267,553 shares of the real estate investment trust's stock valued at $38,762,000 after acquiring an additional 454,670 shares during the last quarter. 96.31% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
HIW has been the topic of several analyst reports. Mizuho lifted their target price on Highwoods Properties from $24.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Jefferies Financial Group dropped their price objective on shares of Highwoods Properties from $35.00 to $31.00 and set a "hold" rating on the stock in a research note on Thursday, January 2nd. StockNews.com upgraded shares of Highwoods Properties from a "sell" rating to a "hold" rating in a research note on Wednesday, March 5th. Finally, Truist Financial lowered their target price on shares of Highwoods Properties from $33.00 to $32.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. One equities 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 stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $30.71.
Get Our Latest Analysis on Highwoods Properties
Highwoods Properties Price Performance
Highwoods Properties stock traded down $0.80 during midday trading on Thursday, reaching $27.71. The company's stock had a trading volume of 1,068,981 shares, compared to its average volume of 1,049,993. The firm has a market capitalization of $2.98 billion, a PE ratio of 29.16 and a beta of 1.25. Highwoods Properties, Inc. has a fifty-two week low of $23.52 and a fifty-two week high of $36.78. The stock's 50 day simple moving average is $29.28 and its 200 day simple moving average is $31.37. 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 data on Tuesday, February 11th. The real estate investment trust reported $0.85 EPS for the quarter, meeting the consensus estimate 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 forecast that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.
Highwoods Properties Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.22%. The ex-dividend date was Tuesday, February 18th. Highwoods Properties's dividend payout ratio is currently 210.53%.
Highwoods Properties Profile
(
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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