Rialto Wealth Management LLC Acquires Shares of 60,574 Highwoods Properties, Inc. (NYSE:HIW)

Rialto Wealth Management LLC purchased a new stake in Highwoods Properties, Inc. (NYSE:HIW - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 60,574 shares of the real estate investment trust's stock, valued at approximately $1,852,000. Rialto Wealth Management LLC owned 0.06% of Highwoods Properties at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Highwoods Properties during the 3rd quarter valued at approximately $259,000. Van ECK Associates Corp grew its stake in shares of Highwoods Properties by 10.7% during the third quarter. Van ECK Associates Corp now owns 19,856 shares of the real estate investment trust's stock worth $710,000 after buying an additional 1,914 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of Highwoods Properties by 7.7% during the third quarter. QRG Capital Management Inc. now owns 25,099 shares of the real estate investment trust's stock worth $841,000 after buying an additional 1,795 shares in the last quarter. M&G PLC lifted its stake in shares of Highwoods Properties by 26.8% in the 3rd quarter. M&G PLC now owns 631,159 shares of the real estate investment trust's stock valued at $21,459,000 after acquiring an additional 133,575 shares during the last quarter. Finally, Easterly Investment Partners LLC boosted its holdings in shares of Highwoods Properties by 29.8% during the 3rd quarter. Easterly Investment Partners LLC now owns 110,264 shares of the real estate investment trust's stock valued at $3,695,000 after acquiring an additional 25,287 shares in the last quarter. Institutional investors and hedge funds own 96.31% of the company's stock.

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Wall Street Analyst Weigh In

HIW has been the subject of several recent research reports. Truist Financial decreased their price target on shares of Highwoods Properties from $33.00 to $32.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Mizuho increased their price objective on Highwoods Properties from $24.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Jefferies Financial Group lowered their target price on Highwoods Properties from $35.00 to $31.00 and set a "hold" rating for the company in a research report on Thursday, January 2nd. Finally, StockNews.com upgraded Highwoods Properties from a "sell" rating to a "hold" rating in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $30.71.

Highwoods Properties Stock Performance

Highwoods Properties stock traded down $0.30 during midday trading on Wednesday, reaching $28.47. The stock had a trading volume of 1,731,054 shares, compared to its average volume of 1,049,576. The firm has a market capitalization of $3.06 billion, a PE ratio of 29.97 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. The firm's 50-day moving average price is $29.32 and its 200 day moving average price is $31.39. Highwoods Properties, Inc. has a 12 month low of $23.52 and a 12 month high of $36.78.

Highwoods Properties (NYSE:HIW - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share for the quarter, hitting the consensus estimate of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. As a group, research analysts predict that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 7.02%. The ex-dividend date was Tuesday, February 18th. Highwoods Properties's dividend payout ratio is currently 210.53%.

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.