Hsbc Holdings PLC Buys 13,075 Shares of 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 its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,844 shares of the real estate investment trust's stock after purchasing an additional 13,075 shares during the quarter. Hsbc Holdings PLC owned 0.08% of Highwoods Properties worth $2,742,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Jones Financial Companies Lllp boosted its position 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 buying an additional 675 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Highwoods Properties by 124.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,434 shares of the real estate investment trust's stock worth $73,000 after acquiring an additional 1,351 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Highwoods Properties by 363.7% during 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 buying an additional 2,331 shares during the period. Versant Capital Management Inc raised its holdings in shares of Highwoods Properties by 12.0% in the 4th quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust's stock worth $93,000 after purchasing an additional 327 shares during the period. Finally, FIL Ltd grew its stake in Highwoods Properties by 26.8% during the fourth quarter. FIL Ltd now owns 3,744 shares of the real estate investment trust's stock worth $114,000 after buying an additional 791 shares during the period. 96.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HIW has been the topic of several analyst reports. Mizuho raised their target price on Highwoods Properties from $24.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. StockNews.com upgraded shares of Highwoods Properties from a "sell" rating to a "hold" rating in a research note on Wednesday. Truist Financial reduced their price objective on Highwoods Properties from $33.00 to $32.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Finally, Jefferies Financial Group assumed coverage on shares of Highwoods Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $32.00 price target on the stock. Five investment 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 a consensus rating of "Hold" and an average price target of $32.50.

Highwoods Properties Price Performance

NYSE HIW traded up $0.48 on Friday, reaching $29.14. The company's stock had a trading volume of 1,102,857 shares, compared to its average volume of 910,778. Highwoods Properties, Inc. has a twelve month low of $24.07 and a twelve month high of $36.78. The stock has a market cap of $3.14 billion, a PE ratio of 30.67 and a beta of 1.15. The firm's 50 day moving average is $28.20 and its two-hundred day moving average is $30.09. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.25 and a current ratio of 1.25.

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, beating 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 business had revenue of $200.38 million during the quarter, compared to analyst estimates of $201.31 million. During the same quarter last year, the company posted $0.89 EPS. Highwoods Properties's revenue for the quarter was down 5.2% on a year-over-year basis. As a group, sell-side analysts predict that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Dividend Announcement

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