Massachusetts Financial Services Co. MA Has $90.78 Million Position in Highwoods Properties, Inc. (NYSE:HIW)

Massachusetts Financial Services Co. MA increased its position in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 131.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,708,996 shares of the real estate investment trust's stock after acquiring an additional 1,536,067 shares during the quarter. Massachusetts Financial Services Co. MA owned about 2.56% of Highwoods Properties worth $90,778,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Evergreen Capital Management LLC grew its stake in shares of Highwoods Properties by 2.8% in the second quarter. Evergreen Capital Management LLC now owns 13,653 shares of the real estate investment trust's stock worth $359,000 after acquiring an additional 371 shares during the last quarter. Fifth Third Bancorp raised its position in Highwoods Properties by 3.6% in the 2nd quarter. Fifth Third Bancorp now owns 10,766 shares of the real estate investment trust's stock valued at $283,000 after purchasing an additional 376 shares during the last quarter. GAMMA Investing LLC grew its holdings in Highwoods Properties by 11.7% during the 2nd quarter. GAMMA Investing LLC now owns 4,206 shares of the real estate investment trust's stock worth $110,000 after acquiring an additional 440 shares during the last quarter. Assetmark Inc. lifted its holdings in Highwoods Properties by 5.7% during the 3rd quarter. Assetmark Inc. now owns 9,254 shares of the real estate investment trust's stock worth $310,000 after buying an additional 495 shares in the last quarter. Finally, Presima Securities ULC boosted its holdings in Highwoods Properties by 1.0% in the third quarter. Presima Securities ULC now owns 52,536 shares of the real estate investment trust's stock valued at $1,760,000 after acquiring an additional 500 shares during the last quarter. Institutional investors and hedge funds own 96.31% of the company's stock.

Wall Street Analysts Forecast Growth

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

Highwoods Properties Stock Performance

HIW stock traded up $0.07 during midday trading on Friday, reaching $31.96. 1,479,632 shares of the company were exchanged, compared to its average volume of 1,134,013. Highwoods Properties, Inc. has a one year low of $17.58 and a one year high of $36.78. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 23.85 and a beta of 1.26. The business has a 50-day moving average price of $33.46 and a two-hundred day moving average price of $30.16. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.31 and a quick ratio of 1.31.

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

Highwoods Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.26%. Highwoods Properties's dividend payout ratio (DPR) 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.