Jane Street Group LLC Raises Stock Holdings in Highwoods Properties, Inc. (NYSE:HIW)

Jane Street Group LLC raised its stake in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 87.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,550 shares of the real estate investment trust's stock after purchasing an additional 57,787 shares during the period. Jane Street Group LLC owned 0.12% of Highwoods Properties worth $4,140,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its holdings in Highwoods Properties by 131.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,708,996 shares of the real estate investment trust's stock worth $90,778,000 after buying an additional 1,536,067 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Highwoods Properties by 472.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 885,541 shares of the real estate investment trust's stock worth $29,674,000 after acquiring an additional 730,859 shares during the last quarter. LSV Asset Management boosted its stake in shares of Highwoods Properties by 109.5% in the second quarter. LSV Asset Management now owns 552,000 shares of the real estate investment trust's stock worth $14,501,000 after acquiring an additional 288,500 shares during the last quarter. Point72 Asset Management L.P. increased its position in shares of Highwoods Properties by 436.3% during the third quarter. Point72 Asset Management L.P. now owns 215,724 shares of the real estate investment trust's stock worth $7,229,000 after purchasing an additional 175,499 shares in the last quarter. Finally, M&G PLC raised its stake in Highwoods Properties by 26.8% in the 3rd quarter. M&G PLC now owns 631,159 shares of the real estate investment trust's stock valued at $21,459,000 after purchasing an additional 133,575 shares during the last quarter. Institutional investors and hedge funds own 96.31% of the company's stock.

Highwoods Properties Trading Down 0.9 %

Shares of NYSE HIW traded down $0.27 during trading on Thursday, hitting $29.37. 1,459,927 shares of the company were exchanged, compared to its average volume of 994,006. The company has a fifty day moving average price of $32.83 and a 200-day moving average price of $30.79. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market capitalization of $3.11 billion, a PE ratio of 21.92 and a beta of 1.24. Highwoods Properties, Inc. has a 12-month low of $21.37 and a 12-month high of $36.78.

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

Highwoods Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.81%. The ex-dividend date of this dividend was Monday, November 18th. Highwoods Properties's dividend payout ratio is presently 149.25%.

Wall Street Analysts Forecast Growth

HIW has been the topic of several recent research reports. Robert W. Baird lifted their target price 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. Wells Fargo & Company boosted their price target 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. Finally, 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 report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $31.20.

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.