Centiva Capital LP Sells 23,437 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Centiva Capital LP trimmed its position in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 58.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,980 shares of the real estate investment trust's stock after selling 23,437 shares during the period. Centiva Capital LP's holdings in Highwoods Properties were worth $519,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its holdings 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 worth $26,000 after buying an additional 675 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Highwoods Properties by 124.7% during the fourth 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 increased its holdings 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 worth $91,000 after buying an additional 2,331 shares during the last quarter. 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. Finally, Venturi Wealth Management LLC increased its holdings in Highwoods Properties by 26.1% during the fourth quarter. Venturi Wealth Management LLC now owns 4,111 shares of the real estate investment trust's stock worth $126,000 after buying an additional 851 shares during the last quarter. 96.31% of the stock is currently owned by institutional investors and hedge funds.

Highwoods Properties Stock Performance

Shares of Highwoods Properties stock traded up $0.06 during trading on Tuesday, reaching $30.47. The company's stock had a trading volume of 690,738 shares, compared to its average volume of 914,505. The business's 50-day moving average price is $28.29 and its 200-day moving average price is $29.79. The firm has a market cap of $3.29 billion, a PE ratio of 32.07 and a beta of 1.20. Highwoods Properties, Inc. has a 52 week low of $24.07 and a 52 week high of $36.78. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.41.

Highwoods Properties (NYSE:HIW - Get Free Report) last announced its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.01. The company had revenue of $200.38 million during the quarter, compared to analysts' expectations 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 quarter in the previous year, the business posted $0.89 earnings per share. Equities analysts forecast that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.56%. Highwoods Properties's payout ratio is presently 124.22%.

Wall Street Analysts Forecast Growth

Several research firms have commented on HIW. Jefferies Financial Group began coverage on shares of Highwoods Properties in a report on Monday, March 17th. They issued a "buy" rating and a $32.00 price objective on the stock. StockNews.com upgraded shares of Highwoods Properties from a "sell" rating to a "hold" rating in a report 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 on the stock in a report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus 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.