Hsbc Holdings PLC Grows Position in Highwoods Properties, Inc. (NYSE:HIW)

Hsbc Holdings PLC increased its stake in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 17.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,844 shares of the real estate investment trust's stock after buying an additional 13,075 shares during the quarter. Hsbc Holdings PLC owned about 0.08% of Highwoods Properties worth $2,742,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lasalle Investment Management Securities LLC bought a new stake in shares of Highwoods Properties in the 4th quarter worth about $11,600,000. Natixis bought a new stake in Highwoods Properties in the fourth quarter worth about $1,990,000. GeoWealth Management LLC boosted its position in shares of Highwoods Properties by 42.9% during the fourth quarter. GeoWealth Management LLC now owns 10,322 shares of the real estate investment trust's stock valued at $316,000 after buying an additional 3,098 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in Highwoods Properties by 5.4% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 248,879 shares of the real estate investment trust's stock valued at $7,603,000 after acquiring an additional 12,722 shares during the period. Finally, Jump Financial LLC purchased a new stake in Highwoods Properties in the fourth quarter worth $1,314,000. 96.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on HIW shares. StockNews.com raised shares of Highwoods Properties from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Jefferies Financial Group began coverage on Highwoods Properties in a research report on Monday, March 17th. They set a "buy" rating and a $32.00 target price for the company. Truist Financial cut their price target on Highwoods Properties from $33.00 to $32.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Finally, Mizuho increased their target price on shares of Highwoods Properties from $24.00 to $29.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $32.50.

Highwoods Properties Stock Down 0.2 %

Shares of HIW traded down $0.06 during mid-day trading on Tuesday, hitting $29.14. 101,172 shares of the company traded hands, compared to its average volume of 907,701. The company has a market capitalization of $3.14 billion, a PE ratio of 30.71 and a beta of 1.15. Highwoods Properties, Inc. has a 1-year low of $24.07 and a 1-year high of $36.78. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.41. The business has a 50 day moving average of $28.20 and a 200 day moving average of $30.00.

Highwoods Properties (NYSE:HIW - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $200.38 million during the quarter, compared to the consensus estimate of $201.31 million. During the same period in the previous year, the firm posted $0.89 earnings per share. The business's revenue for the quarter was down 5.2% compared to the same quarter last year. Equities research analysts anticipate that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 6.86%. The ex-dividend date of this dividend is Monday, May 19th. Highwoods Properties's payout ratio 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.