Chilton Capital Management LLC Increases Holdings in Highwoods Properties, Inc. (NYSE:HIW)

Chilton Capital Management LLC boosted its position in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 61.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 248,901 shares of the real estate investment trust's stock after buying an additional 94,664 shares during the period. Chilton Capital Management LLC owned 0.23% of Highwoods Properties worth $7,377,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in HIW. Jones Financial Companies Lllp grew its position 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 purchasing an additional 675 shares in the last quarter. GF Fund Management CO. LTD. purchased a new stake in shares of Highwoods Properties in the fourth quarter valued at approximately $59,000. Spirit of America Management Corp NY purchased a new stake in shares of Highwoods Properties in the first quarter valued at approximately $59,000. Smartleaf Asset Management LLC grew its position 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 lifted its holdings in 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 valued at $91,000 after acquiring an additional 2,331 shares during the last quarter. 96.31% of the stock is currently owned by hedge funds and other institutional investors.

Highwoods Properties Stock Down 0.1%

Shares of Highwoods Properties stock traded down $0.04 during trading hours on Wednesday, reaching $30.93. 982,662 shares of the company were exchanged, compared to its average volume of 933,182. Highwoods Properties, Inc. has a 1 year low of $24.19 and a 1 year high of $36.78. The stock's fifty day moving average is $30.44 and its 200 day moving average is $29.41. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.50 and a current ratio of 1.50. The firm has a market cap of $3.33 billion, a PE ratio of 19.21 and a beta of 1.21.

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 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.01. Highwoods Properties had a return on equity of 7.43% and a net margin of 21.53%. The company had revenue of $200.38 million for the quarter, compared to analysts' expectations of $201.31 million. During the same period last year, the firm earned $0.89 earnings per share. Highwoods Properties's quarterly revenue was down 5.2% on a year-over-year basis. As a group, equities research analysts forecast that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were given a $0.50 dividend. 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 payout ratio is currently 124.22%.

Analyst Ratings Changes

HIW has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their price objective 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. Truist Financial cut Highwoods Properties from a "buy" rating to a "hold" rating and set a $32.00 price objective on the stock. in a report on Wednesday, July 2nd. Wall Street Zen upgraded Highwoods Properties from a "sell" rating to a "hold" rating in a report on Wednesday, April 30th. Finally, Jefferies Financial Group started coverage on Highwoods Properties in a research note on Monday, March 17th. They set a "buy" rating and a $32.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $31.83.

About Highwoods Properties

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.