Nuveen Asset Management LLC Buys 110,571 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Nuveen Asset Management LLC grew its position in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 53.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 315,662 shares of the real estate investment trust's stock after acquiring an additional 110,571 shares during the quarter. Nuveen Asset Management LLC owned 0.30% of Highwoods Properties worth $9,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in HIW. Massachusetts Financial Services Co. MA increased its position in shares of Highwoods Properties by 20.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,265,824 shares of the real estate investment trust's stock valued at $99,869,000 after purchasing an additional 556,828 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Highwoods Properties by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,133,242 shares of the real estate investment trust's stock worth $65,235,000 after buying an additional 71,670 shares during the period. Northern Trust Corp lifted its stake in shares of Highwoods Properties by 29.0% during the 4th quarter. Northern Trust Corp now owns 1,854,835 shares of the real estate investment trust's stock worth $56,721,000 after purchasing an additional 416,791 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Highwoods Properties by 23.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,541,986 shares of the real estate investment trust's stock worth $47,154,000 after purchasing an additional 290,356 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Highwoods Properties by 32.2% in the fourth quarter. Sei Investments Co. now owns 1,328,543 shares of the real estate investment trust's stock valued at $40,627,000 after buying an additional 323,946 shares during the last quarter. Institutional investors own 96.31% of the company's stock.

Highwoods Properties Trading Down 1.5%

Shares of HIW traded down $0.44 during trading hours on Friday, hitting $29.71. The stock had a trading volume of 770,972 shares, compared to its average volume of 923,419. 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 cap of $3.20 billion, a P/E ratio of 31.27 and a beta of 1.20. The company's fifty day simple moving average is $28.55 and its 200 day simple moving average is $29.48. 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 released its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.83 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 company had revenue of $200.38 million for the quarter, compared to analyst estimates of $201.31 million. During the same period last year, the company posted $0.89 earnings per share. The firm's revenue was down 5.2% compared to the same quarter last year. Equities research analysts forecast that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be issued 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 6.73%. Highwoods Properties's payout ratio is currently 124.22%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Wall Street Zen upgraded Highwoods Properties from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Wells Fargo & Company reduced their price objective 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. Truist Financial reduced their target price on Highwoods Properties from $33.00 to $32.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Finally, Jefferies Financial Group assumed coverage on Highwoods Properties in a report on Monday, March 17th. They issued a "buy" rating and a $32.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price 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.