Wellington Management Group LLP Boosts Holdings in Highwoods Properties, Inc. (NYSE:HIW)

Wellington Management Group LLP increased its stake in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 328.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,631 shares of the real estate investment trust's stock after acquiring an additional 97,100 shares during the period. Wellington Management Group LLP owned approximately 0.12% of Highwoods Properties worth $3,872,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Franklin Resources Inc. increased its position in shares of Highwoods Properties by 40.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,130,452 shares of the real estate investment trust's stock valued at $107,155,000 after purchasing an additional 908,401 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Highwoods Properties by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,133,242 shares of the real estate investment trust's stock valued at $65,235,000 after acquiring an additional 71,670 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Highwoods Properties by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,902,036 shares of the real estate investment trust's stock worth $63,754,000 after acquiring an additional 12,958 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Highwoods Properties by 23.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,541,986 shares of the real estate investment trust's stock worth $47,154,000 after purchasing an additional 290,356 shares during the period. Finally, Sei Investments Co. grew its holdings in Highwoods Properties by 32.2% during the 4th quarter. Sei Investments Co. now owns 1,328,543 shares of the real estate investment trust's stock valued at $40,627,000 after purchasing an additional 323,946 shares during the last quarter. 96.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HIW has been the subject of several recent analyst reports. StockNews.com lowered Highwoods Properties from a "hold" rating to a "sell" rating in a research report on Thursday, April 3rd. Jefferies Financial Group began coverage on Highwoods Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $32.00 target price on the stock. Truist Financial lowered their target price 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. Finally, Mizuho raised their price target on shares of Highwoods Properties from $24.00 to $29.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $32.50.

Highwoods Properties Stock Up 1.0 %

NYSE HIW traded up $0.29 during trading on Thursday, reaching $27.58. 130,519 shares of the company's stock traded hands, compared to its average volume of 911,253. Highwoods Properties, Inc. has a 12-month low of $23.62 and a 12-month 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 firm has a market cap of $2.97 billion, a price-to-earnings ratio of 29.06 and a beta of 1.15. The company's 50 day simple moving average is $28.43 and its two-hundred day simple moving average is $30.56.

Highwoods Properties (NYSE:HIW - Get Free Report) last issued its quarterly earnings data 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 net margin of 12.37% and a return on equity of 4.33%. As a group, sell-side analysts forecast that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.25%. The ex-dividend date was Tuesday, February 18th. Highwoods Properties's dividend payout ratio (DPR) is currently 210.53%.

Highwoods Properties 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.