Proficio Capital Partners LLC bought a new stake in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 22,048 shares of the real estate investment trust's stock, valued at approximately $674,000.
A number of other institutional investors and hedge funds also recently modified their holdings of HIW. Quest Partners LLC bought a new stake in shares of Highwoods Properties during the 3rd quarter valued at about $428,000. Pathstone Holdings LLC boosted its stake in Highwoods Properties by 8.1% in the third quarter. Pathstone Holdings LLC now owns 42,371 shares of the real estate investment trust's stock valued at $1,420,000 after acquiring an additional 3,188 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Highwoods Properties by 131.0% during 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 purchasing an additional 1,536,067 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Highwoods Properties by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,061,572 shares of the real estate investment trust's stock worth $69,083,000 after purchasing an additional 34,885 shares during the period. Finally, Cerity Partners LLC lifted its holdings in shares of Highwoods Properties by 66.7% in the 3rd quarter. Cerity Partners LLC now owns 16,552 shares of the real estate investment trust's stock worth $555,000 after purchasing an additional 6,625 shares during the last quarter. 96.31% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages have weighed in on HIW. Truist Financial dropped their target price on Highwoods Properties from $33.00 to $32.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Jefferies Financial Group began coverage on shares of Highwoods Properties in a report on Monday, March 17th. They issued a "buy" rating and a $32.00 price objective on the stock. Mizuho boosted their target price on shares of Highwoods Properties from $24.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Finally, StockNews.com upgraded shares of Highwoods Properties from a "sell" rating to a "hold" rating in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Highwoods Properties presently has a consensus rating of "Hold" and an average price target of $30.86.
Get Our Latest Stock Analysis on HIW
Highwoods Properties Price Performance
Shares of NYSE HIW traded up $0.09 during mid-day trading on Wednesday, reaching $29.34. 528,672 shares of the company traded hands, compared to its average volume of 873,729. The firm has a market cap of $3.16 billion, a PE ratio of 30.88 and a beta of 1.25. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.25 and a quick ratio of 1.25. Highwoods Properties, Inc. has a fifty-two week low of $23.52 and a fifty-two week high of $36.78. The stock has a fifty day simple moving average of $29.15 and a 200-day simple moving average of $31.17.
Highwoods Properties (NYSE:HIW - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.85 EPS for the quarter, hitting analysts' consensus estimates of $0.85. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. Equities research analysts anticipate that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.
Highwoods Properties Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.00 annualized dividend and a dividend yield of 6.82%. Highwoods Properties's dividend payout ratio is currently 210.53%.
About Highwoods Properties
(
Free Report)
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.
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