Highwoods Properties, Inc. (NYSE:HIW) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP lifted its stake in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 328.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 126,631 shares of the real estate investment trust's stock after purchasing an additional 97,100 shares during the quarter. Wellington Management Group LLP owned about 0.12% of Highwoods Properties worth $3,872,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its holdings in Highwoods Properties by 5.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,105 shares of the real estate investment trust's stock valued at $248,000 after purchasing an additional 383 shares during the last quarter. GF Fund Management CO. LTD. purchased a new stake in shares of Highwoods Properties in the 4th quarter worth about $59,000. Two Sigma Investments LP grew its stake in Highwoods Properties by 3.8% in the 4th quarter. Two Sigma Investments LP now owns 21,404 shares of the real estate investment trust's stock valued at $655,000 after acquiring an additional 784 shares during the last quarter. Two Sigma Advisers LP grew its stake in Highwoods Properties by 31.2% in the 4th quarter. Two Sigma Advisers LP now owns 86,200 shares of the real estate investment trust's stock valued at $2,636,000 after acquiring an additional 20,500 shares during the last quarter. Finally, State of Wyoming increased its holdings in Highwoods Properties by 88.4% during the 4th quarter. State of Wyoming now owns 3,137 shares of the real estate investment trust's stock valued at $96,000 after acquiring an additional 1,472 shares in the last quarter. Hedge funds and other institutional investors own 96.31% of the company's stock.

Highwoods Properties Trading Up 2.3%

Shares of Highwoods Properties stock traded up $0.70 during trading hours on Friday, reaching $31.14. 868,833 shares of the company's stock were exchanged, compared to its average volume of 928,506. Highwoods Properties, Inc. has a 52-week low of $24.19 and a 52-week high of $36.78. The company has a fifty day moving average of $28.66 and a 200-day moving average of $29.40. 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 firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 32.78 and a beta of 1.21.

Highwoods Properties (NYSE:HIW - Get Free Report) last released its earnings results 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 firm had revenue of $200.38 million during the quarter, compared to analyst estimates of $201.31 million. During the same period in the prior year, the firm posted $0.89 earnings per share. The business's quarterly revenue was down 5.2% compared to the same quarter last year. Sell-side analysts forecast that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be given a $0.50 dividend. The ex-dividend date is Monday, May 19th. This represents a $2.00 annualized dividend and a dividend yield of 6.42%. Highwoods Properties's dividend payout ratio is presently 124.22%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Truist Financial reduced their price target on shares of Highwoods Properties from $33.00 to $32.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Wells Fargo & Company reduced their target price on 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. Jefferies Financial Group started coverage on Highwoods Properties in a research report on Monday, March 17th. They set a "buy" rating and a $32.00 price target for the company. Finally, Wall Street Zen raised Highwoods Properties from a "sell" rating to a "hold" rating in a report on Wednesday, April 30th. Five equities research 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, Highwoods Properties currently has an average 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.