Quantinno Capital Management LP Buys 65,031 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Quantinno Capital Management LP raised its position in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 34.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 251,484 shares of the real estate investment trust's stock after acquiring an additional 65,031 shares during the quarter. Quantinno Capital Management LP owned approximately 0.24% of Highwoods Properties worth $8,427,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of HIW. PGGM Investments lifted its stake in Highwoods Properties by 77.9% in the 2nd quarter. PGGM Investments now owns 3,629,485 shares of the real estate investment trust's stock valued at $95,347,000 after purchasing an additional 1,589,730 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Highwoods Properties by 131.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,708,996 shares of the real estate investment trust's stock valued at $90,778,000 after buying an additional 1,536,067 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Highwoods Properties by 472.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 885,541 shares of the real estate investment trust's stock valued at $29,674,000 after buying an additional 730,859 shares during the last quarter. LSV Asset Management lifted its position in shares of Highwoods Properties by 109.5% in the second quarter. LSV Asset Management now owns 552,000 shares of the real estate investment trust's stock valued at $14,501,000 after buying an additional 288,500 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in shares of Highwoods Properties by 436.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 215,724 shares of the real estate investment trust's stock worth $7,229,000 after acquiring an additional 175,499 shares during the period. Institutional investors own 96.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on HIW shares. Robert W. Baird increased their price target on Highwoods Properties from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Wells Fargo & Company increased their price objective on shares of Highwoods Properties from $32.00 to $35.00 and gave the company an "equal weight" rating in a research report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Highwoods Properties from a "buy" rating to a "hold" rating and raised their target price for the stock from $31.00 to $35.00 in a research note on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Highwoods Properties has an average rating of "Hold" and an average target price of $31.20.

Highwoods Properties Stock Performance

NYSE HIW traded down $0.02 on Friday, reaching $31.63. The stock had a trading volume of 668,307 shares, compared to its average volume of 994,785. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market cap of $3.35 billion, a P/E ratio of 23.61 and a beta of 1.24. The firm has a fifty day moving average of $33.25 and a two-hundred day moving average of $30.43. Highwoods Properties, Inc. has a 1-year low of $20.72 and a 1-year high of $36.78.

Highwoods Properties (NYSE:HIW - Get Free Report) last released its quarterly 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). Highwoods Properties had a net margin of 17.40% and a return on equity of 6.05%. The business had revenue of $204.30 million during the quarter, compared to analyst estimates of $204.96 million. During the same quarter last year, the company posted $0.93 earnings per share. The company's revenue was down 1.4% on a year-over-year basis. On average, equities research analysts anticipate that Highwoods Properties, Inc. will post 3.62 EPS for the current year.

Highwoods Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th will be given a $0.50 dividend. The ex-dividend date is Monday, November 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.32%. Highwoods Properties's payout ratio 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.