B&I Capital AG Has $4.98 Million Stock Position in Highwoods Properties, Inc. (NYSE:HIW)

B&I Capital AG reduced its position in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 36.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,050 shares of the real estate investment trust's stock after selling 94,450 shares during the period. Highwoods Properties comprises 1.6% of B&I Capital AG's investment portfolio, making the stock its 24th biggest position. B&I Capital AG owned approximately 0.16% of Highwoods Properties worth $4,981,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HIW. Massachusetts Financial Services Co. MA lifted its stake in shares of Highwoods Properties by 87.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 6,118,701 shares of the real estate investment trust's stock worth $181,358,000 after purchasing an additional 2,852,877 shares during the period. Norges Bank purchased a new stake in Highwoods Properties during the 4th quarter worth approximately $32,727,000. Janus Henderson Group PLC increased its position in shares of Highwoods Properties by 512.9% in the 4th quarter. Janus Henderson Group PLC now owns 1,274,443 shares of the real estate investment trust's stock worth $38,961,000 after purchasing an additional 1,066,508 shares during the last quarter. Northern Trust Corp increased its position in shares of Highwoods Properties by 29.0% in the 4th quarter. Northern Trust Corp now owns 1,854,835 shares of the real estate investment trust's stock worth $56,721,000 after purchasing an additional 416,791 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC bought a new stake in shares of Highwoods Properties in the 4th quarter worth about $11,600,000. 96.31% of the stock is owned by hedge funds and other institutional investors.

Highwoods Properties Price Performance

HIW stock traded down $0.23 during trading on Friday, hitting $30.01. The company had a trading volume of 210,698 shares, compared to its average volume of 950,897. The company has a fifty day moving average price of $30.77 and a two-hundred day moving average price of $29.46. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.40. The company has a market cap of $3.23 billion, a P/E ratio of 18.67 and a beta of 1.21. Highwoods Properties, Inc. has a fifty-two week low of $24.18 and a fifty-two week high of $36.78.

Highwoods Properties (NYSE:HIW - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.83 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01. Highwoods Properties had a return on equity of 7.43% and a net margin of 21.53%. The business had revenue of $200.38 million for the quarter, compared to analyst estimates of $201.31 million. During the same quarter in the previous year, the firm earned $0.89 EPS. Highwoods Properties's quarterly revenue was down 5.2% on a year-over-year basis. Equities research analysts expect that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on HIW. Mizuho lifted their price target on shares of Highwoods Properties from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Wells Fargo & Company lowered their target price on shares of Highwoods Properties from $35.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Monday, May 19th. Truist Financial lowered shares of Highwoods Properties from a "buy" rating to a "hold" rating and set a $32.00 price objective for the company. in a research report on Wednesday, July 2nd. Finally, Wall Street Zen upgraded shares of Highwoods Properties from a "sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $32.00.

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.