Highwoods Properties, Inc. (NYSE:HIW) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its stake in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 7.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 0.13% of Highwoods Properties worth $4,060,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of HIW. Wealth Enhancement Advisory Services LLC increased its stake in shares of Highwoods Properties by 5.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,105 shares of the real estate investment trust's stock valued at $248,000 after buying an additional 383 shares during the period. GAMMA Investing LLC increased its position in Highwoods Properties by 10.3% during the first quarter. GAMMA Investing LLC now owns 5,278 shares of the real estate investment trust's stock worth $156,000 after buying an additional 493 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its position in shares of Highwoods Properties by 4.1% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 15,001 shares of the real estate investment trust's stock valued at $455,000 after purchasing an additional 593 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Highwoods Properties by 375.0% during the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 675 shares during the period. Finally, Andrew Hill Investment Advisors Inc. lifted its position in shares of Highwoods Properties by 0.5% during the 4th quarter. Andrew Hill Investment Advisors Inc. now owns 143,814 shares of the real estate investment trust's stock worth $4,398,000 after buying an additional 677 shares during the last quarter. Institutional investors own 96.31% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on HIW shares. Wall Street Zen upgraded Highwoods Properties from a "sell" rating to a "hold" rating in a report on Wednesday, April 30th. Jefferies Financial Group began coverage on Highwoods Properties in a report on Monday, March 17th. They set a "buy" rating and a $32.00 price target on the stock. Truist Financial lowered Highwoods Properties from a "buy" rating to a "hold" rating and set a $32.00 price target on the stock. in a report on Wednesday, July 2nd. Finally, Wells Fargo & Company dropped their price target on Highwoods Properties from $35.00 to $31.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. 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.com, Highwoods Properties currently has a consensus rating of "Hold" and a consensus target price of $31.83.

Highwoods Properties Stock Down 1.9%

NYSE HIW traded down $0.60 during mid-day trading on Monday, reaching $30.75. The stock had a trading volume of 543,129 shares, compared to its average volume of 931,660. Highwoods Properties, Inc. has a 1 year low of $24.19 and a 1 year high of $36.78. The stock has a market cap of $3.32 billion, a PE ratio of 19.10 and a beta of 1.21. The company has a fifty day moving average price of $30.33 and a 200 day moving average price of $29.40. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.50 and a quick ratio of 1.50.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.01. Highwoods Properties had a return on equity of 7.43% and a net margin of 21.53%. 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 prior year, the business posted $0.89 EPS. Highwoods Properties's revenue for the quarter was down 5.2% compared to the same quarter last year. On average, research analysts expect 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. Investors of record on Monday, May 19th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date was Monday, May 19th. Highwoods Properties's dividend payout ratio (DPR) is 124.22%.

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.