Dimensional Fund Advisors LP Has $45.51 Million Holdings in Highwoods Properties, Inc. (NYSE:HIW)

Dimensional Fund Advisors LP lowered its position in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 2.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,488,266 shares of the real estate investment trust's stock after selling 30,477 shares during the period. Dimensional Fund Advisors LP owned about 1.40% of Highwoods Properties worth $45,510,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. US Bancorp DE grew 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 worth $671,000 after purchasing an additional 9,235 shares during 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 during the period. Oliver Luxxe Assets LLC raised its stake 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 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 $367,000. Institutional investors and hedge funds own 96.31% of the company's stock.

Highwoods Properties Price Performance

Shares of HIW opened at $29.14 on Friday. The firm has a market cap of $3.14 billion, a PE ratio of 30.67 and a beta of 1.15. Highwoods Properties, Inc. has a 52-week low of $24.07 and a 52-week high of $36.78. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.25 and a current ratio of 1.25. The business's 50 day moving average price is $28.20 and its two-hundred day moving average price is $30.09.

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 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.01. The business 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%. The business's quarterly revenue was down 5.2% on a year-over-year basis. During the same period last year, the company posted $0.89 earnings per share. On average, equities analysts anticipate that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Dividend Announcement

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 issued 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 6.86%. Highwoods Properties's dividend payout ratio is 124.22%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on HIW shares. Truist Financial lowered their target price on Highwoods Properties from $33.00 to $32.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Mizuho raised their price objective on Highwoods Properties from $24.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. StockNews.com upgraded Highwoods Properties from a "sell" rating to a "hold" rating in a report on Wednesday. Finally, Jefferies Financial Group assumed coverage on shares of Highwoods Properties in a report on Monday, March 17th. They set a "buy" rating and a $32.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company 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.

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