Jump Financial LLC Invests $1.31 Million in Highwoods Properties, Inc. (NYSE:HIW)

Jump Financial LLC bought a new stake in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 42,965 shares of the real estate investment trust's stock, valued at approximately $1,314,000.

Several other institutional investors also recently modified their holdings of the business. Barclays PLC increased its holdings in shares of Highwoods Properties by 537.7% during the third quarter. Barclays PLC now owns 485,368 shares of the real estate investment trust's stock valued at $16,264,000 after acquiring an additional 409,258 shares in the last quarter. Geode Capital Management LLC raised its holdings in Highwoods Properties by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,902,036 shares of the real estate investment trust's stock worth $63,754,000 after buying an additional 12,958 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Highwoods Properties by 40.9% in the third quarter. Franklin Resources Inc. now owns 3,130,452 shares of the real estate investment trust's stock worth $107,155,000 after buying an additional 908,401 shares in the last quarter. DGS Capital Management LLC bought a new stake in shares of Highwoods Properties during the third quarter valued at approximately $208,000. Finally, Versant Capital Management Inc raised its holdings in Highwoods Properties by 12.0% in the 4th quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust's stock worth $93,000 after acquiring an additional 327 shares during the last quarter. 96.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HIW has been the topic of a number of recent analyst reports. Mizuho raised their price target on shares of Highwoods Properties from $24.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Jefferies Financial Group assumed coverage on shares of Highwoods Properties in a research report on Monday, March 17th. They issued a "buy" rating and a $32.00 target price for the company. StockNews.com cut Highwoods Properties from a "hold" rating to a "sell" rating in a report on Thursday, April 3rd. Finally, Truist Financial cut their price objective on Highwoods Properties from $33.00 to $32.00 and set a "buy" rating for the company in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $32.50.

Highwoods Properties Stock Up 1.4 %

Shares of HIW traded up $0.40 during trading hours on Wednesday, hitting $28.09. The company had a trading volume of 721,936 shares, compared to its average volume of 914,681. The company's fifty day moving average price is $28.31 and its two-hundred day moving average price is $30.38. Highwoods Properties, Inc. has a one year low of $24.07 and a one year high of $36.78. 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 $3.03 billion, a PE ratio of 29.56 and a beta of 1.15.

Highwoods Properties (NYSE:HIW - Get Free Report) last announced its 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 net margin of 12.37% and a return on equity of 4.33%. As a group, equities analysts forecast that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.12%. Highwoods Properties's dividend payout ratio is presently 210.53%.

Highwoods Properties Company 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.