31,158 Shares in Highwoods Properties, Inc. (NYSE:HIW) Purchased by Oak Thistle LLC

Oak Thistle LLC acquired a new stake in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 31,158 shares of the real estate investment trust's stock, valued at approximately $924,000.

Other hedge funds have also recently made changes to their positions in the company. Two Sigma Advisers LP raised its holdings in shares of 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 purchasing an additional 20,500 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Highwoods Properties by 4.0% during the first quarter. Principal Financial Group Inc. now owns 534,155 shares of the real estate investment trust's stock valued at $15,832,000 after purchasing an additional 20,458 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Highwoods Properties by 53.9% during the fourth quarter. Nuveen Asset Management LLC now owns 315,662 shares of the real estate investment trust's stock valued at $9,653,000 after purchasing an additional 110,571 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Highwoods Properties by 35.7% during the first quarter. Teacher Retirement System of Texas now owns 28,920 shares of the real estate investment trust's stock valued at $857,000 after purchasing an additional 7,601 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of 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 valued at $156,000 after purchasing an additional 493 shares during the last quarter. 96.31% of the stock is owned by hedge funds and other institutional investors.

Highwoods Properties Price Performance

Shares of NYSE HIW traded down $0.01 during midday trading on Friday, reaching $30.22. The stock had a trading volume of 734,286 shares, compared to its average volume of 954,842. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.50 and a current ratio of 1.50. Highwoods Properties, Inc. has a 12-month low of $24.18 and a 12-month high of $36.78. The stock has a 50-day moving average of $30.75 and a 200-day moving average of $29.47. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 18.77 and a beta of 1.21.

Highwoods Properties (NYSE:HIW - Get Free Report) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.01. Highwoods Properties had a net margin of 21.53% and a return on equity of 7.43%. The firm 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 earned $0.89 earnings per share. Highwoods Properties's revenue for the quarter was down 5.2% on a year-over-year basis. As a group, research analysts anticipate 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 will be paid on Tuesday, September 9th. Stockholders of record on Monday, August 18th will be issued a $0.50 dividend. The ex-dividend date is Monday, August 18th. This represents a $2.00 annualized dividend and a dividend yield of 6.62%. Highwoods Properties's dividend payout ratio (DPR) is 124.22%.

Wall Street Analysts Forecast Growth

HIW has been the subject of a number of research reports. Wall Street Zen raised shares of Highwoods Properties from a "sell" rating to a "hold" rating in a report on Wednesday, April 30th. Mizuho upped their target price on shares of Highwoods Properties from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Truist Financial cut shares of Highwoods Properties from a "buy" rating to a "hold" rating and set a $32.00 target price for the company. in a report on Wednesday, July 2nd. Finally, Wells Fargo & Company reduced 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 report on Monday, May 19th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Highwoods Properties presently has a consensus rating of "Hold" and a consensus price target of $32.00.

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.