Alliancebernstein L.P. Sells 26,284 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Alliancebernstein L.P. decreased its stake in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 27.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 70,831 shares of the real estate investment trust's stock after selling 26,284 shares during the quarter. Alliancebernstein L.P. owned 0.07% of Highwoods Properties worth $2,166,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of HIW. US Bancorp DE raised its holdings in shares of 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 acquiring an additional 9,235 shares during the period. B&I Capital AG lifted its holdings in shares of Highwoods Properties by 111.7% in the fourth quarter. B&I Capital AG now owns 262,500 shares of the real estate investment trust's stock valued at $8,027,000 after purchasing an additional 138,500 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Highwoods Properties by 3.5% in the fourth 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 period. Oliver Luxxe Assets LLC grew its holdings in shares of Highwoods Properties by 44.4% during the fourth quarter. Oliver Luxxe Assets LLC now owns 70,426 shares of the real estate investment trust's stock valued at $2,154,000 after buying an additional 21,655 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of Highwoods Properties during the fourth quarter valued at $367,000. Hedge funds and other institutional investors own 96.31% of the company's stock.

Highwoods Properties Stock Up 2.2 %

NYSE:HIW traded up $0.59 during trading hours on Tuesday, reaching $27.69. The company's stock had a trading volume of 752,608 shares, compared to its average volume of 915,452. Highwoods Properties, Inc. has a one year low of $24.07 and a one year high of $36.78. The business's 50-day moving average is $28.31 and its 200-day moving average is $30.38. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 29.15 and a beta of 1.15.

Highwoods Properties (NYSE:HIW - Get Free Report) last posted its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share for the quarter, hitting the consensus estimate of $0.85. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. Equities research analysts predict that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were issued a $0.50 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.00 annualized dividend and a yield of 7.22%. Highwoods Properties's dividend payout ratio (DPR) is presently 210.53%.

Wall Street Analysts Forecast Growth

HIW has been the subject of a number of research reports. StockNews.com lowered Highwoods Properties from a "hold" rating to a "sell" rating in a research report on Thursday, April 3rd. Truist Financial decreased their price target 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. Mizuho upped their price objective on shares of Highwoods Properties from $24.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group started coverage on shares of Highwoods Properties in a research note on Monday, March 17th. They set a "buy" rating and a $32.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus 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.