B&I Capital AG Decreases Position in Highwoods Properties, Inc. (NYSE:HIW)

B&I Capital AG trimmed its stake in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 36.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 168,050 shares of the real estate investment trust's stock after selling 94,450 shares during the quarter. Highwoods Properties accounts for about 1.6% of B&I Capital AG's holdings, making the stock its 24th largest position. B&I Capital AG owned about 0.16% of Highwoods Properties worth $4,981,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its holdings in shares of Highwoods Properties by 87.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 6,118,701 shares of the real estate investment trust's stock valued at $181,358,000 after purchasing an additional 2,852,877 shares in the last quarter. Norges Bank bought a new stake in Highwoods Properties in the 4th quarter valued at $32,727,000. Janus Henderson Group PLC increased its holdings in 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 valued at $38,961,000 after acquiring an additional 1,066,508 shares during the last quarter. Northern Trust Corp increased its holdings in 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 valued at $56,721,000 after acquiring an additional 416,791 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC bought a new position in Highwoods Properties during the fourth quarter valued at $11,600,000. Institutional investors own 96.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wells Fargo & Company decreased their price objective on shares of Highwoods Properties from $35.00 to $31.00 and set an "equal weight" rating for the company in a research report on Monday, May 19th. Truist Financial cut 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. Mizuho increased their target price on shares of Highwoods Properties from $29.00 to $30.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Finally, Wall Street Zen upgraded shares of Highwoods Properties from a "sell" rating to a "hold" rating in a research note 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.com, Highwoods Properties currently has an average rating of "Hold" and a consensus target price of $32.00.

Highwoods Properties Price Performance

Shares of Highwoods Properties stock traded up $0.43 during mid-day trading on Tuesday, reaching $30.94. 757,221 shares of the stock were exchanged, compared to its average volume of 928,379. The firm has a 50-day simple moving average of $30.74 and a 200 day simple moving average of $29.44. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 19.21 and a beta of 1.21. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.40. Highwoods Properties, Inc. has a fifty-two week low of $24.19 and a fifty-two week high of $36.78.

Highwoods Properties (NYSE:HIW - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $200.38 million during the quarter, compared to analyst estimates of $201.31 million. Highwoods Properties had a return on equity of 7.43% and a net margin of 21.53%. The company's revenue was down 5.2% on a year-over-year basis. During the same period last year, the company earned $0.89 earnings per share. On average, sell-side analysts predict that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.

Highwoods Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $2.00 dividend on an annualized basis and a yield of 6.47%. Highwoods Properties's dividend payout ratio (DPR) is presently 124.22%.

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.