Lasalle Investment Management Securities LLC Buys Shares of 379,331 Highwoods Properties, Inc. (NYSE:HIW)

Lasalle Investment Management Securities LLC bought a new stake in Highwoods Properties, Inc. (NYSE:HIW - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 379,331 shares of the real estate investment trust's stock, valued at approximately $11,600,000. Lasalle Investment Management Securities LLC owned approximately 0.36% of Highwoods Properties as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Barclays PLC increased its position in shares of Highwoods Properties by 537.7% during the 3rd quarter. Barclays PLC now owns 485,368 shares of the real estate investment trust's stock valued at $16,264,000 after purchasing an additional 409,258 shares during the last quarter. Geode Capital Management LLC boosted its stake in Highwoods Properties by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,902,036 shares of the real estate investment trust's stock worth $63,754,000 after buying an additional 12,958 shares during the period. Franklin Resources Inc. increased its position in Highwoods Properties by 40.9% during the third quarter. Franklin Resources Inc. now owns 3,130,452 shares of the real estate investment trust's stock valued at $107,155,000 after acquiring an additional 908,401 shares during the last quarter. DGS Capital Management LLC purchased a new stake in shares of Highwoods Properties in the third quarter valued at $208,000. Finally, Versant Capital Management Inc lifted 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 acquiring an additional 327 shares during the last quarter. Institutional investors own 96.31% of the company's stock.

Highwoods Properties Stock Up 0.0 %

NYSE HIW traded up $0.01 on Friday, reaching $28.30. 263,459 shares of the stock traded hands, compared to its average volume of 910,706. Highwoods Properties, Inc. has a 12 month low of $24.07 and a 12 month high of $36.78. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.25 and a current ratio of 1.25. The company has a fifty day moving average price of $28.27 and a 200-day moving average price of $30.34. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 29.77 and a beta of 1.15.

Highwoods Properties (NYSE:HIW - Get Free Report) last released its quarterly earnings data 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, research analysts forecast that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The firm 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 dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.07%. Highwoods Properties's dividend payout ratio is presently 210.53%.

Analysts Set New Price Targets

Several equities analysts recently commented on HIW shares. Mizuho upped their price target on shares of Highwoods Properties from $24.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday, January 7th. Jefferies Financial Group started coverage on Highwoods Properties in a report on Monday, March 17th. They issued a "buy" rating and a $32.00 price target on the stock. StockNews.com cut Highwoods Properties from a "hold" rating to a "sell" rating in a report on Thursday, April 3rd. Finally, Truist Financial reduced their target price 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $32.50.

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.