LSV Asset Management Has $2.96 Million Position in Highwoods Properties, Inc. (NYSE:HIW)

LSV Asset Management decreased its position in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 19.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,900 shares of the real estate investment trust's stock after selling 31,100 shares during the quarter. LSV Asset Management owned 0.12% of Highwoods Properties worth $2,960,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James & Associates boosted its stake in Highwoods Properties by 4.1% in the fourth quarter. Raymond James & Associates now owns 13,731 shares of the real estate investment trust's stock valued at $315,000 after acquiring an additional 536 shares during the period. PNC Financial Services Group Inc. lifted its stake in Highwoods Properties by 6.1% in the third quarter. PNC Financial Services Group Inc. now owns 12,369 shares of the real estate investment trust's stock valued at $255,000 after buying an additional 716 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of Highwoods Properties by 1.3% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 62,573 shares of the real estate investment trust's stock valued at $1,290,000 after acquiring an additional 821 shares during the period. Commonwealth Equity Services LLC grew its position in shares of Highwoods Properties by 4.1% during the third quarter. Commonwealth Equity Services LLC now owns 23,918 shares of the real estate investment trust's stock worth $493,000 after acquiring an additional 937 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in Highwoods Properties by 3.1% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 31,423 shares of the real estate investment trust's stock valued at $648,000 after purchasing an additional 943 shares during the last quarter. 96.31% of the stock is owned by institutional investors and hedge funds.

Highwoods Properties Trading Up 2.0 %

Shares of NYSE HIW traded up $0.52 during mid-day trading on Thursday, hitting $26.93. 629,475 shares of the company traded hands, compared to its average volume of 1,253,624. The business has a 50 day moving average of $25.15 and a two-hundred day moving average of $22.75. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 21.64 and a beta of 1.20. Highwoods Properties, Inc. has a 1 year low of $17.06 and a 1 year high of $27.57. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.37.

Highwoods Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Monday, May 20th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 7.43%. The ex-dividend date of this dividend is Friday, May 17th. Highwoods Properties's payout ratio is 163.93%.

Analysts Set New Price Targets

A number of brokerages have recently commented on HIW. Morgan Stanley raised their price target on Highwoods Properties from $18.00 to $21.00 and gave the company an "underweight" rating in a report on Thursday, March 28th. Truist Financial boosted their price target on shares of Highwoods Properties from $28.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, February 13th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Highwoods Properties from $28.00 to $31.00 and gave the company a "buy" rating in a research note on Monday. Finally, Robert W. Baird upped their price objective on Highwoods Properties from $25.00 to $26.00 and gave the company a "neutral" rating in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $24.75.

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.