CANADA LIFE ASSURANCE Co Acquires 12,722 Shares of Highwoods Properties, Inc. (NYSE:HIW)

CANADA LIFE ASSURANCE Co boosted its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 5.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,879 shares of the real estate investment trust's stock after purchasing an additional 12,722 shares during the period. CANADA LIFE ASSURANCE Co owned 0.23% of Highwoods Properties worth $7,603,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. US Bancorp DE increased its stake in shares of Highwoods Properties by 72.6% in the fourth quarter. US Bancorp DE now owns 21,956 shares of the real estate investment trust's stock valued at $671,000 after buying an additional 9,235 shares in the last quarter. B&I Capital AG grew its holdings in Highwoods Properties by 111.7% during 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 acquiring an additional 138,500 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Highwoods Properties by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,133,242 shares of the real estate investment trust's stock valued at $65,235,000 after acquiring an additional 71,670 shares in the last quarter. Oliver Luxxe Assets LLC raised its stake in shares of 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 last quarter. Finally, Empowered Funds LLC acquired a new position in shares of Highwoods Properties during the fourth quarter worth approximately $367,000. Institutional investors own 96.31% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HIW. Truist Financial dropped 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 report on Thursday, February 13th. StockNews.com lowered Highwoods Properties from a "hold" rating to a "sell" rating in a research note on Thursday, April 3rd. Jefferies Financial Group initiated coverage on Highwoods Properties in a research report on Monday, March 17th. They issued a "buy" rating and a $32.00 price objective for the company. Finally, Mizuho raised their target price 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $32.50.

Highwoods Properties Trading Up 0.7 %

Shares of NYSE HIW traded up $0.21 during midday trading on Monday, reaching $28.43. 853,503 shares of the stock were exchanged, compared to its average volume of 908,940. 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, Inc. has a 12 month low of $24.07 and a 12 month high of $36.78. The business has a 50-day simple moving average of $28.25 and a two-hundred day simple moving average of $30.24. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 29.93 and a beta of 1.15.

Highwoods Properties (NYSE:HIW - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 EPS for the quarter, hitting analysts' consensus estimates of $0.85. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. 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. Stockholders of record on Monday, May 19th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, May 19th. This represents a $2.00 annualized dividend and a dividend yield of 7.03%. Highwoods Properties's dividend payout ratio is currently 210.53%.

Highwoods Properties Company 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.