Y Intercept Hong Kong Ltd Buys New Holdings in Highwoods Properties, Inc. (NYSE:HIW)

Y Intercept Hong Kong Ltd acquired a new position in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 16,335 shares of the real estate investment trust's stock, valued at approximately $500,000.

A number of other hedge funds have also bought and sold shares of HIW. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Highwoods Properties by 35.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,114 shares of the real estate investment trust's stock worth $135,000 after purchasing an additional 1,069 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Highwoods Properties during the third quarter valued at approximately $259,000. abrdn plc grew its stake in shares of Highwoods Properties by 97.7% during the third quarter. abrdn plc now owns 37,677 shares of the real estate investment trust's stock valued at $1,263,000 after buying an additional 18,616 shares during the last quarter. Optas LLC purchased a new stake in shares of Highwoods Properties in the third quarter worth approximately $238,000. Finally, Van ECK Associates Corp lifted its stake in shares of Highwoods Properties by 10.7% during the 3rd quarter. Van ECK Associates Corp now owns 19,856 shares of the real estate investment trust's stock worth $710,000 after acquiring an additional 1,914 shares during the last quarter. Institutional investors own 96.31% of the company's stock.

Highwoods Properties Stock Up 2.7 %

Highwoods Properties stock traded up $0.76 during midday trading on Wednesday, hitting $28.84. 1,070,225 shares of the company's stock were exchanged, compared to its average volume of 967,886. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $3.10 billion, a PE ratio of 30.35 and a beta of 1.24. The firm has a 50-day moving average of $29.46 and a two-hundred day moving average of $31.48. Highwoods Properties, Inc. has a 12 month low of $23.52 and a 12 month high of $36.78.

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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 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%. As a group, analysts expect that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.94%. The ex-dividend date is Tuesday, February 18th. Highwoods Properties's payout ratio is presently 210.53%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Jefferies Financial Group cut their price objective on Highwoods Properties from $35.00 to $31.00 and set a "hold" rating on the stock in a research report on Thursday, January 2nd. Mizuho upped their price target on shares of Highwoods Properties from $24.00 to $29.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. 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 report on Thursday, February 13th. Finally, StockNews.com upgraded shares of Highwoods Properties from a "sell" rating to a "hold" rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Highwoods Properties currently has an average rating of "Hold" and an average target price of $30.71.

About Highwoods Properties

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.