Oliver Luxxe Assets LLC Has $2.15 Million Stock Position in Highwoods Properties, Inc. (NYSE:HIW)

Oliver Luxxe Assets LLC boosted its stake in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 44.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,426 shares of the real estate investment trust's stock after acquiring an additional 21,655 shares during the quarter. Oliver Luxxe Assets LLC owned 0.07% of Highwoods Properties worth $2,154,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Versant Capital Management Inc raised its stake in shares of 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 valued at $93,000 after purchasing an additional 327 shares during the period. DGS Capital Management LLC acquired a new stake in Highwoods Properties in the 3rd quarter valued at approximately $208,000. Franklin Resources Inc. lifted its stake in Highwoods Properties by 40.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,130,452 shares of the real estate investment trust's stock valued at $107,155,000 after acquiring an additional 908,401 shares in the last quarter. Geode Capital Management LLC boosted its position in 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 acquiring an additional 12,958 shares during the last quarter. Finally, M&T Bank Corp grew its stake in shares of Highwoods Properties by 3.7% during the 3rd quarter. M&T Bank Corp now owns 19,141 shares of the real estate investment trust's stock worth $642,000 after acquiring an additional 682 shares in the last quarter. 96.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HIW has been the subject of several recent research reports. Robert W. Baird increased their target price on shares of Highwoods Properties from $30.00 to $32.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Wells Fargo & Company increased their price target on Highwoods Properties from $32.00 to $35.00 and gave the company an "equal weight" rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lowered Highwoods Properties from a "buy" rating to a "hold" rating and boosted their price target for the stock from $31.00 to $35.00 in a research report on Tuesday, October 1st. Finally, Jefferies Financial Group decreased their target price on shares of Highwoods Properties from $35.00 to $31.00 and set a "hold" rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $31.17.

Highwoods Properties Stock Performance

HIW traded down $0.87 on Monday, reaching $29.91. The company had a trading volume of 587,472 shares, compared to its average volume of 711,257. The company's fifty day moving average is $31.66 and its 200 day moving average is $31.28. 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 stock has a market cap of $3.17 billion, a P/E ratio of 22.32 and a beta of 1.24. Highwoods Properties, Inc. has a fifty-two week low of $21.37 and a fifty-two week high of $36.78.

Highwoods Properties (NYSE:HIW - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.14 earnings per share 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 for the quarter, compared to the consensus estimate of $204.96 million. During the same quarter last year, the business posted $0.93 EPS. Highwoods Properties's revenue for the quarter was down 1.4% on a year-over-year basis. As a group, analysts predict that Highwoods Properties, Inc. will post 3.62 earnings per share for the current fiscal year.

Highwoods Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $2.00 annualized dividend and a dividend yield of 6.69%. Highwoods Properties's payout ratio is 149.25%.

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.