Quantinno Capital Management LP Acquires 79,256 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Quantinno Capital Management LP lifted its stake in Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 31.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 330,740 shares of the real estate investment trust's stock after acquiring an additional 79,256 shares during the period. Quantinno Capital Management LP owned approximately 0.31% of Highwoods Properties worth $10,114,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its position in shares of Highwoods Properties by 375.0% during 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 period. Smartleaf Asset Management LLC grew its position in shares of Highwoods Properties by 124.7% during 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 purchasing an additional 1,351 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Highwoods Properties by 363.7% in the fourth 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. FIL Ltd raised 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 worth $114,000 after buying an additional 791 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in Highwoods Properties by 26.1% during the fourth quarter. Venturi Wealth Management LLC now owns 4,111 shares of the real estate investment trust's stock valued at $126,000 after buying an additional 851 shares during the period. 96.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. StockNews.com raised Highwoods Properties from a "sell" rating to a "hold" rating in a report on Wednesday, April 30th. Truist Financial dropped their target price on shares of Highwoods Properties from $33.00 to $32.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Wells Fargo & Company decreased their price target on shares of Highwoods Properties from $35.00 to $31.00 and set an "equal weight" rating on the stock in a report on Monday. Finally, Jefferies Financial Group assumed coverage on shares of Highwoods Properties in a report on Monday, March 17th. They set a "buy" rating and a $32.00 price objective for the company. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $31.83.

Highwoods Properties Trading Down 0.4%

Shares of Highwoods Properties stock traded down $0.13 during trading on Monday, reaching $30.22. The company's stock had a trading volume of 670,707 shares, compared to its average volume of 915,126. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.41. Highwoods Properties, Inc. has a 52-week low of $24.07 and a 52-week high of $36.78. The firm's 50-day moving average is $28.40 and its two-hundred day moving average is $29.69. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 31.81 and a beta of 1.20.

Highwoods Properties (NYSE:HIW - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.01. The firm had revenue of $200.38 million for the quarter, compared to analysts' expectations of $201.31 million. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. During the same period last year, the firm earned $0.89 earnings per share. The company's revenue for the quarter was down 5.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Dividend Announcement

The business 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.62%. The ex-dividend date of this dividend is Monday, May 19th. Highwoods Properties's dividend payout ratio (DPR) is presently 124.22%.

About Highwoods Properties

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.