Invesco Ltd. reduced its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 24.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,571,148 shares of the real estate investment trust's stock after selling 831,576 shares during the period. Invesco Ltd. owned approximately 2.43% of Highwoods Properties worth $78,626,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. BNP Paribas Financial Markets raised its holdings in Highwoods Properties by 65.1% during the third quarter. BNP Paribas Financial Markets now owns 6,562 shares of the real estate investment trust's stock worth $220,000 after purchasing an additional 2,587 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Highwoods Properties by 87.9% in 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 buying an additional 57,787 shares in the last quarter. Barclays PLC grew its holdings in Highwoods Properties by 537.7% during the third quarter. Barclays PLC now owns 485,368 shares of the real estate investment trust's stock worth $16,264,000 after acquiring an additional 409,258 shares during the period. M&T Bank Corp lifted its holdings 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 valued at $642,000 after acquiring an additional 682 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Highwoods Properties by 0.7% during 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 purchasing an additional 12,958 shares in the last quarter. 96.31% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages recently commented on HIW. 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. Mizuho lifted their price objective on Highwoods Properties from $24.00 to $29.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. StockNews.com lowered Highwoods Properties from a "hold" rating to a "sell" rating in a report on Thursday, April 3rd. Finally, Jefferies Financial Group initiated coverage on shares of Highwoods Properties in a research report on Monday, March 17th. They issued a "buy" rating and a $32.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $32.50.
View Our Latest Research Report on HIW
Highwoods Properties Trading Up 0.9 %
Shares of NYSE HIW traded up $0.24 during midday trading on Friday, reaching $27.53. 623,527 shares of the stock were exchanged, compared to its average volume of 914,011. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $2.97 billion, a P/E ratio of 28.98 and a beta of 1.15. The stock has a 50 day moving average price of $28.40 and a 200-day moving average price of $30.52. Highwoods Properties, Inc. has a 52-week low of $23.77 and a 52-week high of $36.78.
Highwoods Properties (NYSE:HIW - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share for the quarter, meeting the consensus estimate of $0.85. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. Equities research analysts expect that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.
Highwoods Properties Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.26%. The ex-dividend date was Tuesday, February 18th. Highwoods Properties's dividend payout ratio is currently 210.53%.
Highwoods Properties Company 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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