Victory Capital Management Inc. increased its holdings in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 860,572 shares of the real estate investment trust's stock after acquiring an additional 20,038 shares during the period. Victory Capital Management Inc. owned about 0.81% of Highwoods Properties worth $26,316,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its holdings in Highwoods Properties by 375.0% during the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust's stock worth $26,000 after buying an additional 675 shares in the last quarter. Quarry LP bought a new stake in shares of Highwoods Properties in the 3rd quarter worth $48,000. Smartleaf Asset Management LLC raised its holdings in shares of Highwoods Properties by 124.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,434 shares of the real estate investment trust's stock valued at $73,000 after purchasing an additional 1,351 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Highwoods Properties by 12.0% during the fourth quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust's stock valued at $93,000 after purchasing an additional 327 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Highwoods Properties by 55.8% during the third quarter. Venturi Wealth Management LLC now owns 3,260 shares of the real estate investment trust's stock worth $109,000 after purchasing an additional 1,167 shares during the last quarter. Institutional investors own 96.31% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on HIW shares. Truist Financial decreased their price objective on shares of Highwoods Properties from $33.00 to $32.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Mizuho increased their price target on Highwoods Properties from $24.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Jefferies Financial Group dropped their price target on Highwoods Properties from $35.00 to $31.00 and set a "hold" rating on the stock in a report on Thursday, January 2nd. Finally, StockNews.com upgraded Highwoods Properties from a "sell" rating to a "hold" rating in a research note on Friday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $30.71.
Read Our Latest Research Report on HIW
Highwoods Properties Stock Performance
Shares of NYSE:HIW traded up $0.47 during midday trading on Friday, reaching $28.16. 1,079,789 shares of the company traded hands, compared to its average volume of 1,050,600. Highwoods Properties, Inc. has a 12 month low of $23.52 and a 12 month high of $36.78. The firm's fifty day moving average price is $29.28 and its two-hundred day moving average price is $31.37. 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 has a market capitalization of $3.03 billion, a price-to-earnings ratio of 29.65 and a beta of 1.25.
Highwoods Properties (NYSE:HIW - Get Free Report) last announced 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 net margin of 12.37% and a return on equity of 4.33%. On average, equities analysts expect that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.
Highwoods Properties Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors 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 7.10%. The ex-dividend date was Tuesday, February 18th. Highwoods Properties's payout ratio is 210.53%.
Highwoods Properties Profile
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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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