Nisa Investment Advisors LLC Cuts Position in Highwoods Properties, Inc. (NYSE:HIW)

Nisa Investment Advisors LLC cut its stake in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 25.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,455 shares of the real estate investment trust's stock after selling 12,800 shares during the quarter. Nisa Investment Advisors LLC's holdings in Highwoods Properties were worth $1,110,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Two Sigma Advisers LP increased its holdings in shares of Highwoods Properties by 31.2% in the 4th quarter. Two Sigma Advisers LP now owns 86,200 shares of the real estate investment trust's stock valued at $2,636,000 after acquiring an additional 20,500 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Highwoods Properties by 4.0% in the 1st quarter. Principal Financial Group Inc. now owns 534,155 shares of the real estate investment trust's stock valued at $15,832,000 after acquiring an additional 20,458 shares during the period. Nuveen Asset Management LLC increased its holdings in shares of Highwoods Properties by 53.9% in the 4th quarter. Nuveen Asset Management LLC now owns 315,662 shares of the real estate investment trust's stock valued at $9,653,000 after acquiring an additional 110,571 shares during the period. GAMMA Investing LLC increased its holdings 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 acquiring an additional 493 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Highwoods Properties in the 1st quarter valued at $1,045,000. 96.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wells Fargo & Company cut 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. Wall Street Zen upgraded Highwoods Properties from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Jefferies Financial Group assumed coverage on Highwoods Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $32.00 target price on the stock. Truist Financial downgraded Highwoods Properties from a "buy" rating to a "hold" rating and set a $32.00 target price on the stock. in a research note on Wednesday, July 2nd. Finally, Mizuho upped their target price on Highwoods Properties from $29.00 to $30.00 and gave the stock a "neutral" rating in a research note on Monday. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Highwoods Properties has an average rating of "Hold" and an average price target of $32.00.

Highwoods Properties Stock Performance

Shares of HIW stock opened at $31.91 on Tuesday. The company has a market capitalization of $3.44 billion, a P/E ratio of 19.82 and a beta of 1.21. The business's 50 day moving average is $30.59 and its two-hundred day moving average is $29.42. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.40. Highwoods Properties, Inc. has a 12-month low of $24.19 and a 12-month high of $36.78.

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. The company had revenue of $200.38 million for 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%. Highwoods Properties's revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.89 earnings per share. Analysts expect that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders 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 dividend on an annualized basis and a dividend yield of 6.27%. Highwoods Properties's payout ratio is currently 124.22%.

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.

Want to see what other hedge funds are holding HIW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Highwoods Properties, Inc. (NYSE:HIW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.