Jump Financial LLC Grows Holdings in Highwoods Properties, Inc. (NYSE:HIW)

Jump Financial LLC boosted its position in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 383.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 220,426 shares of the real estate investment trust's stock after purchasing an additional 174,836 shares during the period. Jump Financial LLC owned about 0.21% of Highwoods Properties worth $5,061,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versor Investments LP bought a new position in shares of Highwoods Properties in the fourth quarter valued at approximately $291,000. Charles Schwab Investment Management Inc. grew its stake in Highwoods Properties by 7.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,898,083 shares of the real estate investment trust's stock valued at $43,580,000 after purchasing an additional 124,577 shares during the period. National Bank of Canada FI purchased a new stake in shares of Highwoods Properties during the 4th quarter valued at $1,147,000. Natixis Advisors L.P. raised its stake in shares of Highwoods Properties by 31.7% during the 4th quarter. Natixis Advisors L.P. now owns 23,387 shares of the real estate investment trust's stock worth $536,000 after purchasing an additional 5,624 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Highwoods Properties by 2.8% in the 4th quarter. Victory Capital Management Inc. now owns 747,405 shares of the real estate investment trust's stock worth $17,160,000 after buying an additional 20,599 shares during the last quarter. Hedge funds and other institutional investors own 96.31% of the company's stock.

Highwoods Properties Stock Performance

HIW stock traded down $0.06 during midday trading on Friday, reaching $26.88. 518,336 shares of the company's stock traded hands, compared to its average volume of 1,003,758. The firm has a market capitalization of $2.85 billion, a PE ratio of 22.03 and a beta of 1.20. The company has a 50-day moving average price of $25.24 and a two-hundred day moving average price of $22.86. Highwoods Properties, Inc. has a 52 week low of $17.06 and a 52 week high of $27.57. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.34 and a current ratio of 1.34.

Highwoods Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Monday, May 20th will be paid a $0.50 dividend. The ex-dividend date is Friday, May 17th. This represents a $2.00 dividend on an annualized basis and a yield of 7.44%. Highwoods Properties's dividend payout ratio is presently 163.93%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HIW shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Highwoods Properties from $28.00 to $31.00 and gave the stock a "buy" rating in a report on Monday, May 6th. Morgan Stanley raised their price target on shares of Highwoods Properties from $18.00 to $21.00 and gave the stock an "underweight" rating in a research note on Thursday, March 28th. Truist Financial upped their price objective on Highwoods Properties from $28.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, February 13th. Finally, Robert W. Baird increased 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 investment 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $24.75.

Highwoods Properties Company 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.

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