Chilton Capital Management LLC Has $7.38 Million Stock Holdings in Highwoods Properties, Inc. (NYSE:HIW)

Chilton Capital Management LLC increased its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 61.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 248,901 shares of the real estate investment trust's stock after purchasing an additional 94,664 shares during the quarter. Chilton Capital Management LLC owned 0.23% of Highwoods Properties worth $7,377,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of HIW. Jones Financial Companies Lllp boosted its holdings in shares of Highwoods Properties by 375.0% in the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 675 shares during the period. GF Fund Management CO. LTD. bought a new position in Highwoods Properties during the 4th quarter worth about $59,000. Spirit of America Management Corp NY acquired a new stake in shares of Highwoods Properties in the 1st quarter valued at about $59,000. Smartleaf Asset Management LLC lifted its holdings 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 valued at $73,000 after purchasing an additional 1,351 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of 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 period. 96.31% of the stock is currently owned by institutional investors and hedge funds.

Highwoods Properties Stock Performance

Shares of Highwoods Properties stock traded down $0.60 on Monday, hitting $30.75. The stock had a trading volume of 543,129 shares, compared to its average volume of 931,660. The business's 50 day moving average is $30.37 and its two-hundred day moving average is $29.40. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 19.10 and a beta of 1.21. Highwoods Properties, Inc. has a twelve month low of $24.19 and a twelve month high of $36.78. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.40.

Highwoods Properties (NYSE:HIW - Get Free Report) last released 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 firm had revenue of $200.38 million for the quarter, compared to analysts' expectations of $201.31 million. Highwoods Properties had a return on equity of 7.43% and a net margin of 21.53%. The business's revenue for the quarter 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. Analysts forecast that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date of this dividend was Monday, May 19th. Highwoods Properties's dividend payout ratio is presently 124.22%.

Analyst Ratings Changes

HIW has been the subject of a number of recent research reports. Jefferies Financial Group began coverage on Highwoods Properties in a research report on Monday, March 17th. They set a "buy" rating and a $32.00 price target for the company. Wall Street Zen upgraded shares of Highwoods Properties from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Truist Financial cut Highwoods Properties from a "buy" rating to a "hold" rating and set a $32.00 price objective for the company. in a report on Wednesday, July 2nd. Finally, Wells Fargo & Company dropped their target price on Highwoods Properties from $35.00 to $31.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $31.83.

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.