Highwoods Properties, Inc. (NYSE:HIW) Shares Bought by Sei Investments Co.

Sei Investments Co. boosted its position in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 32.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,328,543 shares of the real estate investment trust's stock after purchasing an additional 323,946 shares during the quarter. Sei Investments Co. owned about 1.25% of Highwoods Properties worth $40,627,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Aew Capital Management L P bought a new stake in shares of Highwoods Properties in the fourth quarter valued at about $31,250,000. Franklin Resources Inc. lifted its position in shares of Highwoods Properties by 40.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,130,452 shares of the real estate investment trust's stock worth $107,155,000 after purchasing an additional 908,401 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Highwoods Properties by 472.5% during 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 purchasing an additional 730,859 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in Highwoods Properties by 55.9% during the fourth quarter. Allianz Asset Management GmbH now owns 1,267,553 shares of the real estate investment trust's stock valued at $38,762,000 after buying an additional 454,670 shares during the period. Finally, Barclays PLC increased its holdings in Highwoods Properties by 537.7% during the third quarter. Barclays PLC now owns 485,368 shares of the real estate investment trust's stock valued at $16,264,000 after buying an additional 409,258 shares during the period. 96.31% of the stock is owned by institutional investors.

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Highwoods Properties Stock Performance

NYSE:HIW traded up $0.17 during trading hours on Friday, hitting $29.21. 856,418 shares of the company were exchanged, compared to its average volume of 908,167. 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 52-week low of $23.52 and a 52-week high of $36.78. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 30.74 and a beta of 1.25. The company's 50 day moving average price is $29.13 and its 200-day moving average price is $31.15.

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

Highwoods Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.85%. The ex-dividend date was Tuesday, February 18th. Highwoods Properties's dividend payout ratio (DPR) is 210.53%.

Analyst Ratings Changes

Several brokerages have issued reports on HIW. Jefferies Financial Group started coverage on Highwoods Properties in a research report on Monday, March 17th. They set a "buy" rating and a $32.00 target price on the stock. Mizuho lifted their target price on Highwoods Properties from $24.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. StockNews.com upgraded shares of Highwoods Properties from a "sell" rating to a "hold" rating in a report on Friday, March 14th. Finally, Truist Financial lowered their price target on shares of Highwoods Properties from $33.00 to $32.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. One research 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 MarketBeat, Highwoods Properties has a consensus rating of "Hold" and a consensus target price of $30.86.

About Highwoods Properties

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.