US Bancorp DE Boosts Position in Highwoods Properties, Inc. (NYSE:HIW)

US Bancorp DE raised its stake in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 72.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,956 shares of the real estate investment trust's stock after buying an additional 9,235 shares during the quarter. US Bancorp DE's holdings in Highwoods Properties were worth $671,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in HIW. Massachusetts Financial Services Co. MA boosted its holdings in shares of Highwoods Properties by 131.0% in 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 in the last quarter. Franklin Resources Inc. boosted its holdings 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Highwoods Properties by 472.5% in the 3rd 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 worth $29,674,000 after purchasing an additional 730,859 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Highwoods Properties by 55.9% in the 4th quarter. Allianz Asset Management GmbH now owns 1,267,553 shares of the real estate investment trust's stock worth $38,762,000 after purchasing an additional 454,670 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of Highwoods Properties by 537.7% in the 3rd quarter. Barclays PLC now owns 485,368 shares of the real estate investment trust's stock worth $16,264,000 after purchasing an additional 409,258 shares in the last quarter. Hedge funds and other institutional investors own 96.31% of the company's stock.

Highwoods Properties Stock Performance

HIW stock opened at $28.79 on Wednesday. The company has a market cap of $3.10 billion, a P/E ratio of 30.30 and a beta of 1.25. Highwoods Properties, Inc. has a 1 year low of $23.52 and a 1 year high of $36.78. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.25 and a quick ratio of 1.25. The stock's fifty day moving average price is $29.32 and its 200-day moving average price is $31.39.

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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 (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%. On average, equities analysts forecast that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a yield of 6.95%. Highwoods Properties's dividend payout ratio is presently 210.53%.

Analyst Upgrades and Downgrades

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

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.

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