Highwoods Properties, Inc. (NYSE:HIW) Shares Purchased by Algert Global LLC

Algert Global LLC lifted its holdings in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 20.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 130,111 shares of the real estate investment trust's stock after buying an additional 22,038 shares during the quarter. Algert Global LLC owned approximately 0.12% of Highwoods Properties worth $3,979,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HIW. US Bancorp DE boosted its position in Highwoods Properties by 72.6% during the fourth quarter. US Bancorp DE now owns 21,956 shares of the real estate investment trust's stock valued at $671,000 after purchasing an additional 9,235 shares in the last quarter. B&I Capital AG boosted its position in shares of Highwoods Properties by 111.7% in the 4th quarter. B&I Capital AG now owns 262,500 shares of the real estate investment trust's stock worth $8,027,000 after purchasing an additional 138,500 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Highwoods Properties by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,133,242 shares of the real estate investment trust's stock worth $65,235,000 after buying an additional 71,670 shares during the last quarter. Empowered Funds LLC acquired a new position in Highwoods Properties during the 4th quarter valued at about $367,000. Finally, Raymond James Financial Inc. acquired a new stake in Highwoods Properties in the fourth quarter worth about $6,565,000. 96.31% of the stock is owned by hedge funds and other institutional investors.

Highwoods Properties Trading Up 1.7%

Shares of NYSE HIW traded up $0.51 during trading on Monday, hitting $30.48. 167,479 shares of the company were exchanged, compared to its average volume of 911,151. Highwoods Properties, Inc. has a 12-month low of $24.07 and a 12-month high of $36.78. The firm has a market capitalization of $3.29 billion, a PE ratio of 32.08 and a beta of 1.20. The company has a fifty day moving average price of $28.26 and a 200-day moving average price of $29.82. 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 posted its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.83 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01. The business had revenue of $200.38 million during the quarter, compared to analyst estimates of $201.31 million. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. The business's revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 earnings per share. As a group, equities research analysts expect that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Announces Dividend

The company 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 $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.56%. The ex-dividend date is Monday, May 19th. Highwoods Properties's dividend payout ratio is currently 124.22%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HIW shares. Jefferies Financial Group began coverage on shares of Highwoods Properties in a research note on Monday, March 17th. They set a "buy" rating and a $32.00 price target on the stock. StockNews.com upgraded Highwoods Properties from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Finally, 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 research note on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently 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.