New York State Teachers Retirement System Has $4.06 Million Position in Highwoods Properties, Inc. (NYSE:HIW)

New York State Teachers Retirement System decreased its holdings in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 7.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,966 shares of the real estate investment trust's stock after selling 11,100 shares during the quarter. New York State Teachers Retirement System owned about 0.13% of Highwoods Properties worth $4,060,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in HIW. Two Sigma Advisers LP grew its position in Highwoods Properties by 31.2% during the fourth quarter. Two Sigma Advisers LP now owns 86,200 shares of the real estate investment trust's stock valued at $2,636,000 after buying an additional 20,500 shares during the period. Nuveen Asset Management LLC grew its holdings in Highwoods Properties by 53.9% during the 4th quarter. Nuveen Asset Management LLC now owns 315,662 shares of the real estate investment trust's stock worth $9,653,000 after acquiring an additional 110,571 shares in the last quarter. US Bancorp DE boosted its position in shares of Highwoods Properties by 72.6% during the 4th quarter. US Bancorp DE now owns 21,956 shares of the real estate investment trust's stock worth $671,000 after acquiring an additional 9,235 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Highwoods Properties by 10.3% in the 1st quarter. GAMMA Investing LLC now owns 5,278 shares of the real estate investment trust's stock valued at $156,000 after buying an additional 493 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Highwoods Properties in the first quarter valued at $1,045,000. Hedge funds and other institutional investors own 96.31% of the company's stock.

Highwoods Properties Price Performance

Shares of NYSE HIW traded up $0.19 during mid-day trading on Tuesday, hitting $30.98. 835,818 shares of the stock were exchanged, compared to its average volume of 931,278. 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 company has a market cap of $3.34 billion, a P/E ratio of 19.24 and a beta of 1.21. The stock's fifty day simple moving average is $30.37 and its two-hundred day simple moving average is $29.40. Highwoods Properties, Inc. has a twelve month low of $24.19 and a twelve month high of $36.78.

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, topping the consensus estimate of $0.82 by $0.01. The company had revenue of $200.38 million during the quarter, compared to the consensus estimate of $201.31 million. Highwoods Properties had a return on equity of 7.43% and a net margin of 21.53%. The company's revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 earnings per share. As a group, analysts forecast that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.

Highwoods Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 19th were issued 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 6.46%. Highwoods Properties's payout ratio is currently 124.22%.

Analysts Set New Price Targets

HIW has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Highwoods Properties from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Wells Fargo & Company decreased their price target on shares of Highwoods Properties from $35.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Monday, May 19th. Truist Financial cut Highwoods Properties from a "buy" rating to a "hold" rating and set a $32.00 target price on the stock. in a report on Wednesday, July 2nd. 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 target price for the company. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus 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.