Jump Financial LLC purchased a new position in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 42,965 shares of the real estate investment trust's stock, valued at approximately $1,314,000.
Other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its position in shares of Highwoods Properties by 375.0% in the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 675 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Highwoods Properties by 124.7% in the 4th 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 last quarter. EverSource Wealth Advisors LLC lifted 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 worth $91,000 after purchasing an additional 2,331 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Highwoods Properties by 12.0% during the fourth 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 last quarter. Finally, FIL Ltd grew its position in shares of Highwoods Properties by 26.8% in the fourth quarter. FIL Ltd now owns 3,744 shares of the real estate investment trust's stock valued at $114,000 after purchasing an additional 791 shares during the period. 96.31% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
HIW has been the topic of a number of research analyst reports. Mizuho raised their price target on Highwoods Properties from $24.00 to $29.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. Jefferies Financial Group initiated coverage on shares of Highwoods Properties in a report on Monday, March 17th. They issued a "buy" rating and a $32.00 target price for the company. StockNews.com downgraded shares of Highwoods Properties from a "hold" rating to a "sell" rating in a research note on Thursday, April 3rd. Finally, Truist Financial lowered their price objective on shares of Highwoods Properties from $33.00 to $32.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $32.50.
Get Our Latest Report on HIW
Highwoods Properties Stock Down 0.3 %
HIW traded down $0.10 during trading hours on Friday, reaching $28.20. 164,365 shares of the stock traded hands, compared to its average volume of 910,319. 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 firm's fifty day simple moving average is $28.27 and its two-hundred day simple moving average is $30.34. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 29.60 and a beta of 1.15. Highwoods Properties, Inc. has a fifty-two week low of $24.07 and a fifty-two week high of $36.78.
Highwoods Properties (NYSE:HIW - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share for the quarter, hitting analysts' consensus estimates of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. As a group, analysts forecast that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.
Highwoods Properties Announces Dividend
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 given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.09%. The ex-dividend date is Monday, May 19th. Highwoods Properties's dividend payout ratio is presently 210.53%.
About Highwoods Properties
(
Free Report)
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.
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