Highwoods Properties, Inc. (NYSE:HIW) Stake Raised by CORDA Investment Management LLC.

CORDA Investment Management LLC. raised its stake in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 19.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,019,186 shares of the real estate investment trust's stock after purchasing an additional 167,510 shares during the quarter. Highwoods Properties comprises about 2.4% of CORDA Investment Management LLC.'s investment portfolio, making the stock its 20th biggest position. CORDA Investment Management LLC. owned 0.95% of Highwoods Properties worth $30,209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its position in 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 during the period. GF Fund Management CO. LTD. purchased a new position in Highwoods Properties in the 4th quarter worth approximately $59,000. Spirit of America Management Corp NY purchased a new position in Highwoods Properties in the 1st quarter worth approximately $59,000. EverSource Wealth Advisors LLC boosted its holdings in Highwoods Properties by 363.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,972 shares of the real estate investment trust's stock worth $91,000 after acquiring an additional 2,331 shares during the period. Finally, State of Wyoming boosted its holdings in Highwoods Properties by 88.4% in the 4th quarter. State of Wyoming now owns 3,137 shares of the real estate investment trust's stock worth $96,000 after acquiring an additional 1,472 shares during the period. 96.31% of the stock is owned by hedge funds and other institutional investors.

Highwoods Properties Stock Up 0.4%

Shares of HIW stock traded up $0.13 during trading hours on Friday, hitting $31.43. 693,443 shares of the company were exchanged, compared to its average volume of 932,297. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.50 and a current ratio of 1.50. Highwoods Properties, Inc. has a one year low of $24.19 and a one year high of $36.78. The business's 50-day simple moving average is $30.59 and its two-hundred day simple moving average is $29.44. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 19.52 and a beta of 1.21.

Highwoods Properties (NYSE:HIW - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.83 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. Highwoods Properties had a net margin of 21.53% and a return on equity of 7.43%. The business had revenue of $200.38 million for the quarter, compared to analysts' expectations of $201.31 million. During the same quarter last year, the company posted $0.89 earnings per share. The company's quarterly revenue was down 5.2% compared to the same quarter last year. Sell-side analysts predict that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.

Highwoods Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th were issued 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 6.36%. Highwoods Properties's dividend payout ratio is currently 124.22%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HIW. Jefferies Financial Group began coverage on Highwoods Properties in a research note on Monday, March 17th. They set a "buy" rating and a $32.00 target price for the company. Truist Financial downgraded Highwoods Properties from a "buy" rating to a "hold" rating and set a $32.00 target price for the company. in a research note on Wednesday, July 2nd. Wall Street Zen upgraded Highwoods Properties from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company lowered their target price on Highwoods Properties from $35.00 to $31.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Highwoods Properties has an average rating of "Hold" and an average target price 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.