XTX Topco Ltd bought a new stake in Highwoods Properties, Inc. (NYSE:HIW - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 24,860 shares of the real estate investment trust's stock, valued at approximately $833,000.
A number of other hedge funds have also recently added to or reduced their stakes in HIW. Jane Street Group LLC grew its stake in shares of Highwoods Properties by 87.9% in the third quarter. Jane Street Group LLC now owns 123,550 shares of the real estate investment trust's stock worth $4,140,000 after acquiring an additional 57,787 shares during the last quarter. State Street Corp raised its holdings in shares of Highwoods Properties by 1.7% in the third quarter. State Street Corp now owns 7,289,806 shares of the real estate investment trust's stock valued at $244,281,000 after buying an additional 124,646 shares during the last quarter. Quantinno Capital Management LP increased its position in Highwoods Properties by 34.9% in the third quarter. Quantinno Capital Management LP now owns 251,484 shares of the real estate investment trust's stock worth $8,427,000 after purchasing an additional 65,031 shares during the period. Quarry LP acquired a new stake in Highwoods Properties in the third quarter worth about $48,000. Finally, Point72 DIFC Ltd acquired a new stake in Highwoods Properties in the third quarter worth about $306,000. Institutional investors and hedge funds own 96.31% of the company's stock.
Highwoods Properties Stock Down 0.1 %
NYSE HIW traded down $0.03 during trading on Wednesday, hitting $30.66. The stock had a trading volume of 1,373,163 shares, compared to its average volume of 996,001. The company has a market capitalization of $3.25 billion, a PE ratio of 22.92 and a beta of 1.24. The company's 50-day moving average price is $33.14 and its two-hundred day moving average price is $30.61. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.31 and a current ratio of 1.31. Highwoods Properties, Inc. has a 12 month low of $20.83 and a 12 month high of $36.78.
Highwoods Properties (NYSE:HIW - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.88 by ($0.74). Highwoods Properties had a return on equity of 6.05% and a net margin of 17.40%. The company had revenue of $204.30 million for the quarter, compared to the consensus estimate of $204.96 million. During the same quarter in the prior year, the company earned $0.93 EPS. The company's revenue for the quarter was down 1.4% on a year-over-year basis. As a group, sell-side analysts forecast that Highwoods Properties, Inc. will post 3.62 EPS for the current year.
Highwoods Properties Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 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 6.52%. The ex-dividend date of this dividend was Monday, November 18th. Highwoods Properties's payout ratio is presently 149.25%.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. Wells Fargo & Company boosted their target price on Highwoods Properties from $32.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. Robert W. Baird boosted their target price on Highwoods Properties from $30.00 to $32.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft cut Highwoods Properties from a "buy" rating to a "hold" rating and lifted their price objective for the company from $31.00 to $35.00 in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $31.20.
View Our Latest Stock Report on Highwoods Properties
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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