Cohen & Steers Inc. decreased its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 14.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,469,614 shares of the real estate investment trust's stock after selling 2,183,798 shares during the quarter. Highwoods Properties accounts for approximately 0.8% of Cohen & Steers Inc.'s portfolio, making the stock its 29th largest position. Cohen & Steers Inc. owned about 12.70% of Highwoods Properties worth $411,835,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. BNP Paribas Financial Markets grew 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. Jane Street Group LLC raised its holdings in shares of Highwoods Properties by 87.9% during the third quarter. Jane Street Group LLC now owns 123,550 shares of the real estate investment trust's stock valued at $4,140,000 after acquiring an additional 57,787 shares in the last quarter. Barclays PLC increased 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 purchasing an additional 409,258 shares during the period. M&T Bank Corp raised its stake in Highwoods Properties by 3.7% in the third quarter. M&T Bank Corp now owns 19,141 shares of the real estate investment trust's stock worth $642,000 after buying an additional 682 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Highwoods Properties by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,902,036 shares of the real estate investment trust's stock worth $63,754,000 after acquiring an additional 12,958 shares in the last quarter. Institutional investors own 96.31% of the company's stock.
Highwoods Properties Stock Performance
Shares of HIW traded up $0.24 during trading hours on Friday, hitting $27.53. The stock had a trading volume of 623,527 shares, compared to its average volume of 914,011. The firm has a market capitalization of $2.97 billion, a PE ratio of 28.98 and a beta of 1.15. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.25 and a quick ratio of 1.25. Highwoods Properties, Inc. has a 12 month low of $23.77 and a 12 month high of $36.78. The stock has a fifty day moving average price of $28.40 and a 200 day moving average price of $30.52.
Highwoods Properties (NYSE:HIW - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.85. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. Analysts anticipate that Highwoods Properties, Inc. will post 3.36 EPS for the current year.
Highwoods Properties Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a yield of 7.26%. Highwoods Properties's dividend payout ratio is currently 210.53%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on HIW. StockNews.com downgraded shares of Highwoods Properties from a "hold" rating to a "sell" rating in a research report on Thursday, April 3rd. Jefferies Financial Group initiated coverage on shares of Highwoods Properties in a research note on Monday, March 17th. They set a "buy" rating and a $32.00 target price for the company. Mizuho boosted their price target on Highwoods Properties from $24.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Finally, Truist Financial reduced 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 note on Thursday, February 13th. One 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. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $32.50.
Read Our Latest Analysis on HIW
About Highwoods Properties
(
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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