Vestcor Inc bought a new position in Highwoods Properties, Inc. (NYSE:HIW - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 42,234 shares of the real estate investment trust's stock, valued at approximately $1,292,000.
Other large investors have also bought and sold shares of the company. Oppenheimer & Co. Inc. lifted its stake in Highwoods Properties by 184.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 27,048 shares of the real estate investment trust's stock valued at $906,000 after acquiring an additional 17,548 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new position in Highwoods Properties during the 3rd quarter valued at $2,085,000. US Bancorp DE lifted its stake in Highwoods Properties by 72.6% during the 4th quarter. US Bancorp DE now owns 21,956 shares of the real estate investment trust's stock valued at $671,000 after acquiring an additional 9,235 shares in the last quarter. Point72 Asset Management L.P. lifted 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 valued at $7,229,000 after acquiring an additional 175,499 shares in the last quarter. Finally, B&I Capital AG lifted its stake in Highwoods Properties by 111.7% during the 4th quarter. B&I Capital AG now owns 262,500 shares of the real estate investment trust's stock valued at $8,027,000 after acquiring an additional 138,500 shares in the last quarter. 96.31% of the stock is currently owned by institutional investors.
Highwoods Properties Stock Performance
HIW traded up $0.25 during trading hours on Wednesday, hitting $28.97. The stock had a trading volume of 779,011 shares, compared to its average volume of 1,043,314. The company's fifty day simple moving average is $29.14 and its 200 day simple moving average is $31.27. Highwoods Properties, Inc. has a 1 year low of $23.52 and a 1 year high of $36.78. The stock has a market cap of $3.12 billion, a PE ratio of 30.50 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 earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share for the quarter, meeting analysts' consensus estimates of $0.85. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. Equities 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 announced 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. This represents a $2.00 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date of this dividend was Tuesday, February 18th. Highwoods Properties's payout ratio is presently 210.53%.
Analyst Ratings Changes
A number of equities research analysts have recently commented on HIW shares. Jefferies Financial Group started coverage on Highwoods Properties in a research note on Monday. They set a "buy" rating and a $32.00 target price on the stock. StockNews.com upgraded Highwoods Properties from a "sell" rating to a "hold" rating in a research note on Friday, March 14th. Mizuho lifted 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. Finally, Truist Financial lowered their target price on Highwoods Properties from $33.00 to $32.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $30.86.
View Our Latest Analysis on Highwoods Properties
Highwoods Properties Profile
(
Free Report)
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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