Highwoods Properties, Inc. (NYSE:HIW) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC raised its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 625,930 shares of the real estate investment trust's stock after acquiring an additional 18,280 shares during the period. AQR Capital Management LLC owned approximately 0.58% of Highwoods Properties worth $19,103,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Versant Capital Management Inc grew its stake in shares of Highwoods Properties by 12.0% during 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 during the period. Everhart Financial Group Inc. boosted its holdings in Highwoods Properties by 6.0% during the fourth quarter. Everhart Financial Group Inc. now owns 11,719 shares of the real estate investment trust's stock worth $358,000 after buying an additional 660 shares in the last quarter. Jones Financial Companies Lllp grew its position in Highwoods Properties by 375.0% during the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 675 shares during the period. Andrew Hill Investment Advisors Inc. increased its holdings in Highwoods Properties by 0.5% in the fourth quarter. Andrew Hill Investment Advisors Inc. now owns 143,814 shares of the real estate investment trust's stock valued at $4,398,000 after buying an additional 677 shares in the last quarter. Finally, Advisory Services Network LLC raised its position in shares of Highwoods Properties by 2.4% in the fourth quarter. Advisory Services Network LLC now owns 32,018 shares of the real estate investment trust's stock worth $979,000 after acquiring an additional 747 shares during the period. 96.31% of the stock is owned by hedge funds and other institutional investors.

Highwoods Properties Price Performance

NYSE HIW traded up $0.46 during mid-day trading on Friday, hitting $29.95. The stock had a trading volume of 886,257 shares, compared to its average volume of 914,045. The firm's 50 day moving average is $28.26 and its 200 day moving average is $29.86. 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 stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 31.53 and a beta of 1.20. Highwoods Properties, Inc. has a twelve month low of $24.07 and a twelve month high of $36.78.

Highwoods Properties (NYSE:HIW - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.01. The firm had revenue of $200.38 million for 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%. Highwoods Properties's quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.89 earnings per share. Equities research analysts forecast that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Dividend Announcement

The business also recently announced 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 6.68%. The ex-dividend date is Monday, May 19th. Highwoods Properties's payout ratio is currently 124.22%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Jefferies Financial Group assumed coverage on Highwoods Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $32.00 price target for the company. StockNews.com upgraded Highwoods Properties from a "sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Finally, Truist Financial dropped their price target on shares of Highwoods Properties from $33.00 to $32.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $32.50.

About Highwoods Properties

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.