KBC Group NV Sells 85,837 Shares of Highwoods Properties, Inc. (NYSE:HIW)

KBC Group NV lessened its position in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 94.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,773 shares of the real estate investment trust's stock after selling 85,837 shares during the period. KBC Group NV's holdings in Highwoods Properties were worth $141,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its position in Highwoods Properties by 375.0% during 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. bought a new stake in shares of Highwoods Properties during the 4th quarter valued at about $59,000. Spirit of America Management Corp NY purchased a new stake in shares of Highwoods Properties during the 1st quarter valued at about $59,000. Smartleaf Asset Management LLC lifted its stake in shares of Highwoods Properties by 124.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,434 shares of the real estate investment trust's stock worth $73,000 after purchasing an additional 1,351 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of 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 worth $91,000 after buying an additional 2,331 shares during the last quarter. 96.31% of the stock is owned by institutional investors.

Highwoods Properties Price Performance

Shares of NYSE:HIW traded up $0.13 during midday trading on Friday, reaching $31.43. 693,443 shares of the company were exchanged, compared to its average volume of 932,200. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.40. The business's fifty day moving average is $30.54 and its two-hundred day moving average is $29.43. Highwoods Properties, Inc. has a one year low of $24.19 and a one year high of $36.78. The stock has a market cap of $3.39 billion, a PE ratio of 19.52 and a beta of 1.21.

Highwoods Properties (NYSE:HIW - Get Free Report) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.01. Highwoods Properties had a net margin of 21.53% and a return on equity of 7.43%. The firm had revenue of $200.38 million during the quarter, compared to analyst estimates of $201.31 million. During the same quarter in the prior year, the business earned $0.89 earnings per share. Highwoods Properties's revenue for the quarter was down 5.2% on a year-over-year basis. As a group, analysts predict that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Monday, May 19th. This represents a $2.00 annualized dividend and a yield of 6.36%. Highwoods Properties's dividend payout ratio (DPR) is currently 124.22%.

Analyst Ratings Changes

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