Adage Capital Partners GP L.L.C. Buys 88,648 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Adage Capital Partners GP L.L.C. lifted its holdings in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 36.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 330,156 shares of the real estate investment trust's stock after buying an additional 88,648 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.31% of Highwoods Properties worth $10,096,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of HIW. Jones Financial Companies Lllp boosted its position 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 during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of 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 buying an additional 1,351 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Highwoods Properties by 363.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,972 shares of the real estate investment trust's stock valued at $91,000 after buying an additional 2,331 shares during the period. Versant Capital Management Inc increased its holdings in Highwoods Properties by 12.0% during the fourth quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust's stock worth $93,000 after buying an additional 327 shares during the last quarter. Finally, FIL Ltd increased its holdings in Highwoods Properties by 26.8% during the fourth quarter. FIL Ltd now owns 3,744 shares of the real estate investment trust's stock worth $114,000 after buying an additional 791 shares during the last quarter. 96.31% of the stock is owned by institutional investors.

Highwoods Properties Trading Up 1.7 %

Shares of HIW stock traded up $0.48 on Friday, hitting $29.14. 1,102,857 shares of the company's stock traded hands, compared to its average volume of 1,023,678. The company's fifty day simple moving average is $28.19 and its 200 day simple moving average is $30.17. Highwoods Properties, Inc. has a one year low of $24.07 and a one year high of $36.78. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 30.67 and a beta of 1.15. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.25 and a current ratio of 1.25.

Highwoods Properties (NYSE:HIW - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.01. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. The firm had revenue of $200.38 million during the quarter, compared to the consensus estimate of $201.31 million. During the same quarter in the previous year, the company posted $0.89 earnings per share. The business's revenue was down 5.2% on a year-over-year basis. Equities analysts forecast that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 6.86%. The ex-dividend date is Monday, May 19th. Highwoods Properties's dividend payout ratio (DPR) is currently 124.22%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Truist Financial reduced 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 report on Thursday, February 13th. Mizuho boosted their price target 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. StockNews.com raised shares of Highwoods Properties from a "sell" rating to a "hold" rating in a report on Wednesday. Finally, Jefferies Financial Group started 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. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target 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.