Axa S.A. Has $1.87 Million Holdings in Highwoods Properties, Inc. (NYSE:HIW)

AXA S.A. lowered its position in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 42.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,126 shares of the real estate investment trust's stock after selling 44,543 shares during the quarter. AXA S.A. owned approximately 0.06% of Highwoods Properties worth $1,869,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in shares of Highwoods Properties by 375.0% during the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 675 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Highwoods Properties by 124.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,434 shares of the real estate investment trust's stock valued at $73,000 after acquiring an additional 1,351 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Highwoods Properties by 363.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,972 shares of the real estate investment trust's stock valued at $91,000 after acquiring an additional 2,331 shares in the last quarter. FIL Ltd lifted its position in Highwoods Properties by 26.8% in the fourth quarter. FIL Ltd now owns 3,744 shares of the real estate investment trust's stock worth $114,000 after purchasing an additional 791 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Highwoods Properties by 26.1% during the 4th quarter. Venturi Wealth Management LLC now owns 4,111 shares of the real estate investment trust's stock worth $126,000 after acquiring an additional 851 shares during the period. Institutional investors and hedge funds own 96.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on HIW shares. Truist Financial lowered their price target on Highwoods Properties from $33.00 to $32.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. StockNews.com upgraded shares of Highwoods Properties from a "sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Finally, Jefferies Financial Group began coverage on shares of Highwoods Properties in a report on Monday, March 17th. They set a "buy" rating and a $32.00 price objective for the company. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $32.50.

Highwoods Properties Stock Up 1.6%

HIW stock traded up $0.48 during midday trading on Monday, hitting $30.45. The company's stock had a trading volume of 834,524 shares, compared to its average volume of 913,727. Highwoods Properties, Inc. has a twelve month low of $24.07 and a twelve month high of $36.78. The stock has a market capitalization of $3.28 billion, a P/E ratio of 32.05 and a beta of 1.20. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.25 and a quick ratio of 1.25. The company's fifty day moving average price is $28.26 and its 200 day moving average price is $29.82.

Highwoods Properties (NYSE:HIW - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.01. The company had revenue of $200.38 million during the quarter, compared to the consensus estimate of $201.31 million. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. The company's quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 EPS. As a group, equities research analysts predict that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, May 19th. This represents a $2.00 dividend on an annualized basis and a yield of 6.57%. Highwoods Properties's dividend payout ratio (DPR) is 124.22%.

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.