Deutsche Bank AG lifted its position in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 276.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 212,304 shares of the real estate investment trust's stock after buying an additional 155,843 shares during the period. Deutsche Bank AG owned approximately 0.20% of Highwoods Properties worth $6,492,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Barclays PLC grew its stake in Highwoods Properties by 537.7% during the 3rd quarter. Barclays PLC now owns 485,368 shares of the real estate investment trust's stock valued at $16,264,000 after purchasing an additional 409,258 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Highwoods Properties by 5.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 70,906 shares of the real estate investment trust's stock valued at $2,168,000 after acquiring an additional 3,362 shares during the period. Perpetual Ltd acquired a new stake in shares of Highwoods Properties in the fourth quarter valued at about $822,000. Janney Montgomery Scott LLC increased its stake in Highwoods Properties by 14.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,025 shares of the real estate investment trust's stock worth $490,000 after buying an additional 1,970 shares in the last quarter. Finally, Inspire Investing LLC increased its position in shares of Highwoods Properties by 6.9% during the fourth quarter. Inspire Investing LLC now owns 13,202 shares of the real estate investment trust's stock worth $404,000 after purchasing an additional 855 shares in the last quarter. 96.31% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on HIW shares. StockNews.com raised Highwoods Properties from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Jefferies Financial Group initiated coverage on shares of Highwoods Properties in a research report on Monday, March 17th. They issued a "buy" rating and a $32.00 price target for the company. Wells Fargo & Company lowered their price objective on Highwoods Properties from $35.00 to $31.00 and set an "equal weight" rating for the company in a research report on Monday. Finally, Truist Financial dropped their target price on Highwoods Properties from $33.00 to $32.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $31.83.
View Our Latest Stock Analysis on HIW
Highwoods Properties Trading Down 3.0%
Shares of HIW traded down $0.89 during mid-day trading on Wednesday, hitting $29.10. The company had a trading volume of 705,381 shares, compared to its average volume of 915,441. 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 cap of $3.14 billion, a PE ratio of 30.63 and a beta of 1.20. Highwoods Properties, Inc. has a 1-year low of $24.07 and a 1-year high of $36.78. The business's 50-day simple moving average is $28.48 and its 200-day simple moving average is $29.67.
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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.01. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. The firm had revenue of $200.38 million during the quarter, compared to the consensus estimate of $201.31 million. During the same period in the prior year, the firm earned $0.89 EPS. The firm's quarterly revenue was down 5.2% compared to the same quarter last year. Sell-side analysts forecast that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.
Highwoods Properties Announces Dividend
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 of this dividend is Monday, May 19th. This represents a $2.00 annualized dividend and a yield of 6.87%. Highwoods Properties's payout ratio is 124.22%.
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.
Further Reading
Before you consider Highwoods Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Highwoods Properties wasn't on the list.
While Highwoods Properties currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
