M&G Investment Management Ltd. Boosts Position in Highwoods Properties, Inc. (NYSE:HIW)

M&G Investment Management Ltd. raised its position in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 70.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 381,496 shares of the real estate investment trust's stock after buying an additional 157,995 shares during the period. M&G Investment Management Ltd. owned about 0.36% of Highwoods Properties worth $8,774,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in shares of Highwoods Properties in the fourth quarter valued at about $31,000. Planned Solutions Inc. purchased a new stake in Highwoods Properties during the 4th quarter worth approximately $38,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Highwoods Properties during the third quarter valued at approximately $44,000. GAMMA Investing LLC purchased a new position in shares of Highwoods Properties in the fourth quarter valued at approximately $53,000. Finally, NBC Securities Inc. acquired a new stake in shares of Highwoods Properties in the third quarter worth approximately $92,000. Institutional investors and hedge funds own 96.31% of the company's stock.

Highwoods Properties Trading Down 1.3 %

Shares of HIW stock traded down $0.37 during trading on Wednesday, hitting $27.36. 977,067 shares of the stock traded hands, compared to its average volume of 1,229,187. The firm has a market capitalization of $2.90 billion, a P/E ratio of 22.43 and a beta of 1.20. Highwoods Properties, Inc. has a 52-week low of $17.06 and a 52-week high of $28.45. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.34 and a quick ratio of 1.34. The firm's fifty day moving average price is $25.39 and its 200-day moving average price is $23.07.

Highwoods Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Monday, May 20th 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 7.31%. The ex-dividend date is Friday, May 17th. Highwoods Properties's payout ratio is 163.93%.

Wall Street Analysts Forecast Growth

HIW has been the subject of several recent research reports. 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 research note on Wednesday, February 14th. 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. Deutsche Bank Aktiengesellschaft upped 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, May 6th. Finally, Truist Financial raised their target price on shares of Highwoods Properties from $28.00 to $29.00 and gave the stock a "buy" rating in a research note on Tuesday, February 13th. One 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's stock. According to data from MarketBeat.com, Highwoods Properties currently has an average rating of "Hold" and an average target price 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.