Raymond James Financial Inc. Takes Position in Highwoods Properties, Inc. (NYSE:HIW)

Raymond James Financial Inc. purchased a new position in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 214,666 shares of the real estate investment trust's stock, valued at approximately $6,565,000. Raymond James Financial Inc. owned about 0.20% of Highwoods Properties at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HIW. US Bancorp DE boosted its position in shares of Highwoods Properties by 72.6% in the 4th quarter. US Bancorp DE now owns 21,956 shares of the real estate investment trust's stock worth $671,000 after purchasing an additional 9,235 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in 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 last quarter. B&I Capital AG grew its holdings in Highwoods Properties by 111.7% during the fourth quarter. B&I Capital AG now owns 262,500 shares of the real estate investment trust's stock valued at $8,027,000 after purchasing an additional 138,500 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Highwoods Properties by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,133,242 shares of the real estate investment trust's stock valued at $65,235,000 after purchasing an additional 71,670 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Highwoods Properties by 65.1% in the third quarter. BNP Paribas Financial Markets now owns 6,562 shares of the real estate investment trust's stock worth $220,000 after purchasing an additional 2,587 shares during the period. 96.31% of the stock is currently owned by institutional investors and hedge funds.

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Highwoods Properties Stock Down 1.0 %

Shares of HIW stock traded down $0.30 during trading on Thursday, reaching $29.05. The company's stock had a trading volume of 682,794 shares, compared to its average volume of 1,038,648. Highwoods Properties, Inc. has a one year low of $23.52 and a one year high of $36.78. The business has a fifty day moving average price of $29.14 and a 200-day moving average price of $31.16. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 30.57 and a beta of 1.25. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.41.

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 net margin of 12.37% and a return on equity of 4.33%. Analysts anticipate that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.89%. The ex-dividend date was Tuesday, February 18th. Highwoods Properties's dividend payout ratio is currently 210.53%.

Analysts Set New Price Targets

A number of research firms recently commented on HIW. StockNews.com upgraded shares of Highwoods Properties from a "sell" rating to a "hold" rating in a research report on Friday, March 14th. Mizuho increased their target price on Highwoods Properties from $24.00 to $29.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Jefferies Financial Group initiated coverage on shares of Highwoods Properties in a report on Monday, March 17th. They set a "buy" rating and a $32.00 target price on the stock. Finally, Truist Financial reduced their price target on shares of Highwoods Properties from $33.00 to $32.00 and set a "buy" rating for the company in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $30.86.

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.