Natixis Advisors LLC Increases Stake in Highwoods Properties, Inc. (NYSE:HIW)

Natixis Advisors LLC raised its stake in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 157.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,797 shares of the real estate investment trust's stock after purchasing an additional 55,512 shares during the period. Natixis Advisors LLC owned 0.09% of Highwoods Properties worth $2,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in HIW. US Bancorp DE grew its position in shares of Highwoods Properties by 72.6% in the 4th quarter. US Bancorp DE now owns 21,956 shares of the real estate investment trust's stock worth $671,000 after buying an additional 9,235 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in Highwoods Properties by 436.3% in the third 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 acquiring an additional 175,499 shares in the last quarter. B&I Capital AG grew its holdings in Highwoods Properties by 111.7% in the fourth quarter. B&I Capital AG now owns 262,500 shares of the real estate investment trust's stock worth $8,027,000 after purchasing an additional 138,500 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Highwoods Properties by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,133,242 shares of the real estate investment trust's stock worth $65,235,000 after purchasing an additional 71,670 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of 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. 96.31% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Jefferies Financial Group initiated coverage on Highwoods Properties in a research note on Monday, March 17th. They set a "buy" rating and a $32.00 target price on the stock. Mizuho boosted their price target on Highwoods Properties from $24.00 to $29.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Truist Financial decreased their price objective on shares of Highwoods Properties from $33.00 to $32.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Finally, StockNews.com raised shares of Highwoods Properties from a "sell" rating to a "hold" rating in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $30.86.

Highwoods Properties Price Performance

Shares of HIW stock traded down $0.30 during trading hours on Thursday, reaching $29.05. The company had a trading volume of 682,794 shares, compared to its average volume of 872,655. Highwoods Properties, Inc. has a 12-month low of $23.52 and a 12-month high of $36.78. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 30.57 and a beta of 1.25. 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 stock has a fifty day moving average of $29.14 and a 200-day moving average of $31.16.

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

Highwoods Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.89%. Highwoods Properties's payout ratio is presently 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.