Highwoods Properties, Inc. (NYSE:HIW) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. cut its position in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 0.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,199,897 shares of the real estate investment trust's stock after selling 19,920 shares during the quarter. Daiwa Securities Group Inc. owned approximately 2.07% of Highwoods Properties worth $73,719,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Abich Financial Wealth Management LLC grew its stake in shares of Highwoods Properties by 45.5% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,855 shares of the real estate investment trust's stock valued at $49,000 after buying an additional 580 shares during the period. Versant Capital Management Inc boosted its holdings in Highwoods Properties by 141.3% in the second quarter. Versant Capital Management Inc now owns 2,073 shares of the real estate investment trust's stock valued at $54,000 after acquiring an additional 1,214 shares during the last quarter. Pathway Financial Advisers LLC purchased a new stake in Highwoods Properties during the first quarter valued at about $107,000. Blue Trust Inc. increased its stake in Highwoods Properties by 269.8% during the third quarter. Blue Trust Inc. now owns 3,221 shares of the real estate investment trust's stock worth $108,000 after acquiring an additional 2,350 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings 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 purchasing an additional 1,167 shares during the period. 96.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on HIW. Robert W. Baird boosted their price objective on shares of Highwoods Properties from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Truist Financial boosted their price target on Highwoods Properties from $29.00 to $33.00 and gave the stock a "buy" rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft downgraded shares of Highwoods Properties from a "buy" rating to a "hold" rating and increased their price objective for the company from $31.00 to $35.00 in a research report on Tuesday, October 1st. Finally, Wells Fargo & Company boosted their target price on shares of Highwoods Properties from $32.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $31.20.

Highwoods Properties Stock Up 0.2 %

HIW stock traded up $0.07 during mid-day trading on Friday, hitting $31.96. 1,479,632 shares of the company were exchanged, compared to its average volume of 1,134,013. The firm has a fifty day simple moving average of $33.46 and a 200 day simple moving average of $30.13. The company has a market capitalization of $3.39 billion, a PE ratio of 23.85 and a beta of 1.26. Highwoods Properties, Inc. has a twelve month low of $17.58 and a twelve month high of $36.78. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.41.

Highwoods Properties (NYSE:HIW - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.88 by ($0.74). Highwoods Properties had a return on equity of 6.05% and a net margin of 17.40%. The firm had revenue of $204.30 million during the quarter, compared to analyst estimates of $204.96 million. During the same quarter last year, the business posted $0.93 earnings per share. The firm's revenue for the quarter was down 1.4% on a year-over-year basis. On average, research analysts forecast that Highwoods Properties, Inc. will post 3.62 earnings per share for the current fiscal year.

Highwoods Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 6.26%. The ex-dividend date is Monday, November 18th. Highwoods Properties's dividend payout ratio is currently 149.25%.

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.