Highwoods Properties, Inc. (NYSE:HIW) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 44.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,058 shares of the real estate investment trust's stock after acquiring an additional 20,019 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.06% of Highwoods Properties worth $1,989,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its holdings in Highwoods Properties by 375.0% in the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 675 shares in the last quarter. Quarry LP purchased a new stake in Highwoods Properties in the 3rd quarter worth approximately $48,000. Smartleaf Asset Management LLC boosted its position in Highwoods Properties by 124.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,434 shares of the real estate investment trust's stock worth $73,000 after purchasing an additional 1,351 shares in the last quarter. Versant Capital Management Inc boosted its position in Highwoods Properties by 12.0% in the 4th quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust's stock worth $93,000 after purchasing an additional 327 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of Highwoods Properties by 26.1% during the 4th quarter. Venturi Wealth Management LLC now owns 4,111 shares of the real estate investment trust's stock worth $126,000 after buying an additional 851 shares during the period. 96.31% of the stock is currently owned by institutional investors.

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Highwoods Properties Price Performance

Shares of NYSE HIW traded down $0.09 during trading on Thursday, reaching $28.87. The company had a trading volume of 1,029,545 shares, compared to its average volume of 871,459. Highwoods Properties, Inc. has a twelve month low of $23.52 and a twelve month high of $36.78. The stock has a market capitalization of $3.11 billion, a PE ratio of 30.39 and a beta of 1.25. The stock has a 50-day moving average price of $29.13 and a two-hundred day moving average price of $31.25. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.41.

Highwoods Properties (NYSE:HIW - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share (EPS) 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%. As a group, sell-side analysts predict that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 6.93%. The ex-dividend date of this dividend was Tuesday, February 18th. Highwoods Properties's dividend payout ratio (DPR) is 210.53%.

Wall Street Analyst Weigh In

HIW has been the subject of several research analyst reports. Mizuho upped 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. Jefferies Financial Group began coverage on Highwoods Properties in a report on Monday. They issued a "buy" rating and a $32.00 target price for the company. StockNews.com upgraded Highwoods Properties from a "sell" rating to a "hold" rating in a report on Friday, March 14th. Finally, Truist Financial lowered their price target on Highwoods Properties from $33.00 to $32.00 and set a "buy" rating for the company in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Highwoods Properties presently has a consensus rating of "Hold" and an average target price of $30.86.

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.