Vident Advisory LLC Sells 48,655 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Vident Advisory LLC reduced its holdings in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 41.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,121 shares of the real estate investment trust's stock after selling 48,655 shares during the quarter. Vident Advisory LLC owned 0.06% of Highwoods Properties worth $2,083,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Highwoods Properties by 4.1% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 15,001 shares of the real estate investment trust's stock worth $455,000 after purchasing an additional 593 shares in the last quarter. Everhart Financial Group Inc. boosted its holdings in shares of Highwoods Properties by 6.0% in the 4th quarter. Everhart Financial Group Inc. now owns 11,719 shares of the real estate investment trust's stock worth $358,000 after purchasing an additional 660 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Highwoods Properties by 375.0% in the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 675 shares in the last quarter. Andrew Hill Investment Advisors Inc. boosted its holdings in shares of Highwoods Properties by 0.5% in the 4th quarter. Andrew Hill Investment Advisors Inc. now owns 143,814 shares of the real estate investment trust's stock worth $4,398,000 after purchasing an additional 677 shares in the last quarter. Finally, Advisory Services Network LLC boosted its holdings in shares of Highwoods Properties by 2.4% in the 4th quarter. Advisory Services Network LLC now owns 32,018 shares of the real estate investment trust's stock worth $979,000 after purchasing an additional 747 shares in the last quarter. 96.31% of the stock is currently owned by hedge funds and other institutional investors.

Highwoods Properties Trading Up 1.2%

NYSE HIW traded up $0.34 on Tuesday, hitting $29.07. The company's stock had a trading volume of 242,460 shares, compared to its average volume of 991,421. Highwoods Properties, Inc. has a 52-week low of $24.07 and a 52-week high of $36.78. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.41. The company's 50-day simple moving average is $28.50 and its 200 day simple moving average is $29.52. The firm has a market cap of $3.13 billion, a P/E ratio of 30.59 and a beta of 1.20.

Highwoods Properties (NYSE:HIW - Get Free Report) last announced its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, topping 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 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 company earned $0.89 EPS. The business's revenue was down 5.2% compared to the same quarter last year. Research analysts predict that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.

Highwoods Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.88%. The ex-dividend date of this dividend is Monday, May 19th. Highwoods Properties's dividend payout ratio (DPR) is presently 124.22%.

Wall Street Analysts Forecast Growth

HIW has been the subject of a number of research reports. Wells Fargo & Company cut their price objective on Highwoods Properties from $35.00 to $31.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Truist Financial cut their price objective on Highwoods Properties from $33.00 to $32.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Jefferies Financial Group assumed coverage on Highwoods Properties in a report on Monday, March 17th. They set a "buy" rating and a $32.00 target price for the company. Finally, Wall Street Zen upgraded Highwoods Properties from a "sell" rating to a "hold" rating in a report on Wednesday, April 30th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $31.83.

About Highwoods Properties

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.