Natixis Takes $1.99 Million Position in Highwoods Properties, Inc. (NYSE:HIW)

Natixis purchased a new position in Highwoods Properties, Inc. (NYSE:HIW - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 65,065 shares of the real estate investment trust's stock, valued at approximately $1,990,000. Natixis owned about 0.06% of Highwoods Properties as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Barclays PLC increased its holdings in Highwoods Properties by 537.7% during the 3rd quarter. Barclays PLC now owns 485,368 shares of the real estate investment trust's stock worth $16,264,000 after purchasing an additional 409,258 shares during the period. Franklin Resources Inc. increased its stake in shares of Highwoods Properties by 40.9% during the third quarter. Franklin Resources Inc. now owns 3,130,452 shares of the real estate investment trust's stock valued at $107,155,000 after buying an additional 908,401 shares during the period. DGS Capital Management LLC bought a new stake in shares of Highwoods Properties in the third quarter valued at about $208,000. Versant Capital Management Inc lifted its stake in Highwoods Properties by 12.0% in the fourth quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust's stock worth $93,000 after acquiring an additional 327 shares during the period. Finally, Oliver Luxxe Assets LLC lifted its stake in Highwoods Properties by 44.4% in the fourth quarter. Oliver Luxxe Assets LLC now owns 70,426 shares of the real estate investment trust's stock worth $2,154,000 after acquiring an additional 21,655 shares during the period. Institutional investors own 96.31% of the company's stock.

Highwoods Properties Stock Performance

NYSE:HIW traded up $0.11 during trading hours on Monday, reaching $28.33. The company had a trading volume of 93,162 shares, compared to its average volume of 906,026. The firm has a market cap of $3.05 billion, a PE ratio of 29.83 and a beta of 1.15. Highwoods Properties, Inc. has a 1-year low of $24.07 and a 1-year high of $36.78. The business's 50 day moving average price is $28.26 and its 200-day moving average price is $30.27. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.25 and a quick ratio of 1.25.

Highwoods Properties (NYSE:HIW - Get Free Report) last posted its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 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%. Research analysts forecast that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 7.06%. The ex-dividend date is Monday, May 19th. Highwoods Properties's dividend payout ratio (DPR) is currently 210.53%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Truist Financial lowered their price target on shares of Highwoods Properties from $33.00 to $32.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Jefferies Financial Group assumed coverage on Highwoods Properties in a research report on Monday, March 17th. They set a "buy" rating and a $32.00 target price on the stock. StockNews.com downgraded Highwoods Properties from a "hold" rating to a "sell" rating in a report on Thursday, April 3rd. Finally, Mizuho increased their target price on shares of Highwoods Properties from $24.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $32.50.

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.