UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 739,282 Shares of Highwoods Properties, Inc. (NYSE:HIW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 83.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 146,259 shares of the real estate investment trust's stock after selling 739,282 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.14% of Highwoods Properties worth $4,473,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its holdings in 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 in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Highwoods Properties by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,133,242 shares of the real estate investment trust's stock valued at $65,235,000 after buying an additional 71,670 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Highwoods Properties by 29.0% in the fourth quarter. Northern Trust Corp now owns 1,854,835 shares of the real estate investment trust's stock valued at $56,721,000 after buying an additional 416,791 shares during the last quarter. Bank of New York Mellon Corp lifted its position in 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 buying an additional 290,356 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in Highwoods Properties by 32.2% during the 4th quarter. Sei Investments Co. now owns 1,328,543 shares of the real estate investment trust's stock worth $40,627,000 after acquiring an additional 323,946 shares during the last quarter. Institutional investors own 96.31% of the company's stock.

Highwoods Properties Stock Up 1.6%

Shares of Highwoods Properties stock traded up $0.48 on Friday, hitting $30.92. The company had a trading volume of 296,203 shares, compared to its average volume of 923,787. The stock has a 50-day moving average of $28.63 and a 200-day moving average of $29.44. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.25 and a quick ratio of 1.25. Highwoods Properties, Inc. has a twelve month low of $24.19 and a twelve month high of $36.78. The firm has a market capitalization of $3.33 billion, a P/E ratio of 32.55 and a beta of 1.20.

Highwoods Properties (NYSE:HIW - Get Free Report) last released its quarterly 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 return on equity of 4.33% and a net margin of 12.37%. The firm had revenue of $200.38 million during the quarter, compared to the consensus estimate of $201.31 million. During the same quarter in the prior year, the firm posted $0.89 EPS. The business's revenue was down 5.2% on a year-over-year basis. Research analysts predict that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.47%. The ex-dividend date of this dividend is Monday, May 19th. Highwoods Properties's dividend payout ratio is currently 124.22%.

Wall Street Analysts Forecast Growth

HIW has been the topic of several research analyst reports. Truist Financial decreased their price target 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 Highwoods Properties from a "sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Jefferies Financial Group started coverage on Highwoods Properties in a report on Monday, March 17th. They issued a "buy" rating and a $32.00 price objective for the company. Finally, Wells Fargo & Company decreased their target price on Highwoods Properties from $35.00 to $31.00 and set an "equal weight" rating for the company in a research report on Monday, May 19th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Highwoods Properties currently has an average rating of "Hold" and an average price target 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.