Millennium Management LLC Buys 17,891 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Millennium Management LLC increased its holdings in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 29.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,495 shares of the real estate investment trust's stock after acquiring an additional 17,891 shares during the quarter. Millennium Management LLC owned about 0.07% of Highwoods Properties worth $2,400,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in HIW. Jones Financial Companies Lllp raised its holdings 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 worth $26,000 after purchasing an additional 675 shares in the last quarter. Smartleaf Asset Management LLC increased 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 acquiring an additional 1,351 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Highwoods Properties by 363.7% during the 4th 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 period. FIL Ltd lifted its position in Highwoods Properties by 26.8% during the 4th quarter. FIL Ltd now owns 3,744 shares of the real estate investment trust's stock valued at $114,000 after acquiring an additional 791 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in Highwoods Properties by 26.1% during the fourth quarter. Venturi Wealth Management LLC now owns 4,111 shares of the real estate investment trust's stock worth $126,000 after acquiring an additional 851 shares in the last quarter. Institutional investors own 96.31% of the company's stock.

Highwoods Properties Stock Performance

Shares of HIW stock traded down $0.06 during mid-day trading on Wednesday, reaching $30.25. 444,923 shares of the company's stock traded hands, compared to its average volume of 995,860. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $3.26 billion, a PE ratio of 31.84 and a beta of 1.20. Highwoods Properties, Inc. has a 12 month low of $24.18 and a 12 month high of $36.78. The firm has a 50 day moving average price of $28.59 and a two-hundred day moving average price of $29.44.

Highwoods Properties (NYSE:HIW - Get Free Report) last released 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 business had revenue of $200.38 million during the quarter, compared to analyst estimates of $201.31 million. During the same quarter in the previous year, the company posted $0.89 earnings per share. Highwoods Properties's revenue for the quarter was down 5.2% on a year-over-year basis. On average, research analysts forecast that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be given a $0.50 dividend. The ex-dividend date is Monday, May 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.61%. Highwoods Properties's payout ratio is currently 124.22%.

Analyst Ratings Changes

A number of equities analysts have weighed in on HIW shares. Wells Fargo & Company decreased their target price on shares of 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. Wall Street Zen upgraded Highwoods Properties from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th. 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. Finally, Jefferies Financial Group started coverage on Highwoods Properties in a report on Monday, March 17th. They set a "buy" rating and a $32.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Highwoods Properties currently has an average rating of "Hold" and an average target price of $31.83.

Highwoods Properties 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.