Highwoods Properties, Inc. (NYSE:HIW) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its position in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 184.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,048 shares of the real estate investment trust's stock after purchasing an additional 17,548 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Highwoods Properties were worth $906,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Abich Financial Wealth Management LLC increased its position in Highwoods Properties by 45.5% during the first quarter. Abich Financial Wealth Management LLC now owns 1,855 shares of the real estate investment trust's stock worth $49,000 after buying an additional 580 shares during the period. Versant Capital Management Inc increased its holdings in shares of Highwoods Properties by 141.3% in the 2nd quarter. Versant Capital Management Inc now owns 2,073 shares of the real estate investment trust's stock valued at $54,000 after acquiring an additional 1,214 shares during the period. Blue Trust Inc. boosted its stake in Highwoods Properties by 269.8% during the 3rd quarter. Blue Trust Inc. now owns 3,221 shares of the real estate investment trust's stock worth $108,000 after purchasing an additional 2,350 shares during the period. Venturi Wealth Management LLC boosted its stake in Highwoods Properties by 55.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 3,260 shares of the real estate investment trust's stock worth $109,000 after purchasing an additional 1,167 shares during the period. Finally, Pathway Financial Advisers LLC purchased a new position in Highwoods Properties during the 1st quarter worth $107,000. 96.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HIW. 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 research note on Friday, November 1st. Wells Fargo & Company increased their price objective on Highwoods Properties from $32.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. Truist Financial boosted their target price on Highwoods Properties from $29.00 to $33.00 and gave the company a "buy" rating in a report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft downgraded Highwoods Properties from a "buy" rating to a "hold" rating and increased their price target for the stock from $31.00 to $35.00 in a report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $31.20.

Highwoods Properties Price Performance

Shares of Highwoods Properties stock traded up $0.15 during trading on Wednesday, reaching $31.61. The company's stock had a trading volume of 1,076,491 shares, compared to its average volume of 1,000,716. The business has a 50 day moving average price of $33.49 and a 200-day moving average price of $30.06. Highwoods Properties, Inc. has a 12-month low of $17.58 and a 12-month high of $36.78. The company has a market capitalization of $3.35 billion, a P/E ratio of 23.59 and a beta of 1.26. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.41.

Highwoods Properties (NYSE:HIW - Get Free Report) last announced its quarterly earnings data 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). Highwoods Properties had a net margin of 17.40% and a return on equity of 6.05%. The company had revenue of $204.30 million during the quarter, compared to analyst estimates of $204.96 million. During the same quarter last year, the business earned $0.93 EPS. The firm's revenue for the quarter was down 1.4% on a year-over-year basis. As a group, sell-side analysts anticipate 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. Shareholders of record on Monday, November 18th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 6.33%. The ex-dividend date is Monday, November 18th. Highwoods Properties's dividend payout ratio (DPR) is 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.