Two Sigma Advisers LP Has $2.64 Million Holdings in Highwoods Properties, Inc. (NYSE:HIW)

Two Sigma Advisers LP lifted its position in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 31.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 86,200 shares of the real estate investment trust's stock after acquiring an additional 20,500 shares during the quarter. Two Sigma Advisers LP owned approximately 0.08% of Highwoods Properties worth $2,636,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in HIW. Barclays PLC lifted its position in shares of Highwoods Properties by 537.7% in the 3rd quarter. Barclays PLC now owns 485,368 shares of the real estate investment trust's stock valued at $16,264,000 after acquiring an additional 409,258 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Highwoods Properties by 14.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 16,025 shares of the real estate investment trust's stock valued at $490,000 after buying an additional 1,970 shares during the period. Blue Trust Inc. increased its stake in Highwoods Properties by 47.5% in the 4th quarter. Blue Trust Inc. now owns 4,752 shares of the real estate investment trust's stock valued at $159,000 after buying an additional 1,531 shares during the period. KBC Group NV increased its stake in Highwoods Properties by 2,499.3% in the 4th quarter. KBC Group NV now owns 90,610 shares of the real estate investment trust's stock valued at $2,771,000 after buying an additional 87,124 shares during the period. Finally, Optas LLC increased its stake in Highwoods Properties by 13.2% in the 4th quarter. Optas LLC now owns 8,036 shares of the real estate investment trust's stock valued at $246,000 after buying an additional 936 shares during the period. Hedge funds and other institutional investors own 96.31% of the company's stock.

Highwoods Properties Stock Down 1.5%

Shares of HIW traded down $0.44 during mid-day trading on Friday, hitting $29.71. 770,972 shares of the company's stock were exchanged, compared to its average volume of 923,419. The firm has a fifty day moving average of $28.55 and a two-hundred day moving average of $29.48. Highwoods Properties, Inc. has a twelve month low of $24.19 and a twelve month high of $36.78. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 31.27 and a beta of 1.20. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.41.

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 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. The company had revenue of $200.38 million for 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 quarterly revenue was down 5.2% on a year-over-year basis. On average, sell-side analysts forecast that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, May 19th. This represents a $2.00 annualized dividend and a dividend yield of 6.73%. Highwoods Properties's dividend payout ratio (DPR) is 124.22%.

Wall Street Analysts Forecast Growth

HIW has been the topic of several research reports. Jefferies Financial Group initiated coverage on shares of Highwoods Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $32.00 price objective on the stock. Truist Financial dropped their price objective on shares of Highwoods Properties from $33.00 to $32.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Wall Street Zen upgraded shares of Highwoods Properties from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company dropped their price objective 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. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average 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.