Dimensional Fund Advisors LP reduced its position in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 2.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 1.40% of Highwoods Properties worth $45,510,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Jones Financial Companies Lllp increased its stake in Highwoods Properties by 375.0% in the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 675 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Highwoods Properties by 124.7% in 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 period. EverSource Wealth Advisors LLC grew its stake in shares of Highwoods Properties by 363.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,972 shares of the real estate investment trust's stock worth $91,000 after purchasing an additional 2,331 shares during the last quarter. Versant Capital Management Inc lifted its stake in Highwoods Properties by 12.0% in the fourth quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust's stock worth $93,000 after acquiring an additional 327 shares during the period. Finally, FIL Ltd boosted its position in Highwoods Properties by 26.8% during the 4th quarter. FIL Ltd now owns 3,744 shares of the real estate investment trust's stock valued at $114,000 after acquiring an additional 791 shares in the last quarter. 96.31% of the stock is owned by institutional investors.
Highwoods Properties Stock Performance
HIW traded up $0.36 on Friday, hitting $29.85. 212,989 shares of the company traded hands, compared to its average volume of 908,729. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $3.22 billion, a PE ratio of 31.42 and a beta of 1.20. The company has a 50 day moving average of $28.22 and a 200-day moving average of $29.94. Highwoods Properties, Inc. has a 12-month low of $24.07 and a 12-month high of $36.78.
Highwoods Properties (NYSE:HIW - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.01. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. The business had revenue of $200.38 million during the quarter, compared to analyst estimates of $201.31 million. During the same quarter in the previous year, the business posted $0.89 earnings per share. The company's revenue was down 5.2% on a year-over-year basis. Sell-side analysts anticipate that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.
Highwoods Properties Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, May 19th. This represents a $2.00 annualized dividend and a yield of 6.70%. Highwoods Properties's payout ratio is 124.22%.
Analyst Upgrades and Downgrades
A number of research firms have commented on HIW. Truist Financial reduced their target price on Highwoods Properties from $33.00 to $32.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Jefferies Financial Group assumed coverage on Highwoods Properties in a report on Monday, March 17th. They set a "buy" rating and a $32.00 price objective on the stock. Finally, StockNews.com raised shares of Highwoods Properties from a "sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Highwoods Properties presently has an average rating of "Hold" and an average price target of $32.50.
Read Our Latest Report on Highwoods Properties
About Highwoods Properties
(
Free Report)
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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