Van Lanschot Kempen Investment Management N.V. Sells 15,109 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Van Lanschot Kempen Investment Management N.V. lowered its stake in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 2.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 518,353 shares of the real estate investment trust's stock after selling 15,109 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned 0.49% of Highwoods Properties worth $15,851,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC boosted its position in Highwoods Properties by 537.7% during the 3rd quarter. Barclays PLC now owns 485,368 shares of the real estate investment trust's stock valued at $16,264,000 after buying an additional 409,258 shares during the period. Franklin Resources Inc. raised its stake 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 valued at $107,155,000 after acquiring an additional 908,401 shares during the last quarter. DGS Capital Management LLC purchased a new stake in shares of Highwoods Properties during the third quarter worth about $208,000. Versant Capital Management Inc boosted its holdings in shares of Highwoods Properties by 12.0% during the fourth quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust's stock worth $93,000 after purchasing an additional 327 shares during the period. Finally, Oliver Luxxe Assets LLC grew its stake in shares of Highwoods Properties by 44.4% in the fourth quarter. Oliver Luxxe Assets LLC now owns 70,426 shares of the real estate investment trust's stock worth $2,154,000 after purchasing an additional 21,655 shares during the last quarter. Hedge funds and other institutional investors own 96.31% of the company's stock.

Wall Street Analyst Weigh In

HIW has been the subject of a number of recent analyst reports. Mizuho upped their price target on Highwoods Properties from $24.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Jefferies Financial Group initiated coverage on Highwoods Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $32.00 price target for the company. Truist Financial cut their price target 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. Finally, StockNews.com lowered shares of Highwoods Properties from a "hold" rating to a "sell" rating in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $32.50.

Highwoods Properties Stock Down 0.2 %

Shares of NYSE HIW traded down $0.05 during mid-day trading on Friday, hitting $28.24. 648,990 shares of the stock traded hands, compared to its average volume of 910,268. The stock has a fifty day moving average price of $28.26 and a 200-day moving average price of $30.31. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 29.73 and a beta of 1.15. Highwoods Properties, Inc. has a 52 week low of $24.07 and a 52 week high of $36.78.

Highwoods Properties (NYSE:HIW - Get Free Report) last released its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share 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%. Research analysts anticipate that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, May 19th. This represents a $2.00 annualized dividend and a yield of 7.08%. Highwoods Properties's dividend payout ratio (DPR) is 210.53%.

About Highwoods Properties

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.