Tudor Investment Corp ET AL Buys Shares of 21,324 Highwoods Properties, Inc. (NYSE:HIW)

Tudor Investment Corp ET AL bought a new stake in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 21,324 shares of the real estate investment trust's stock, valued at approximately $652,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in Highwoods Properties during the 4th quarter valued at approximately $32,727,000. Aew Capital Management L P bought a new stake in shares of Highwoods Properties during the fourth quarter valued at approximately $31,250,000. Massachusetts Financial Services Co. MA grew its stake in Highwoods Properties by 20.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,265,824 shares of the real estate investment trust's stock worth $99,869,000 after purchasing an additional 556,828 shares during the period. Allianz Asset Management GmbH raised its holdings in Highwoods Properties by 55.9% in the fourth quarter. Allianz Asset Management GmbH now owns 1,267,553 shares of the real estate investment trust's stock worth $38,762,000 after purchasing an additional 454,670 shares in the last quarter. Finally, Barclays PLC lifted its position in Highwoods Properties by 537.7% during the third quarter. Barclays PLC now owns 485,368 shares of the real estate investment trust's stock valued at $16,264,000 after buying an additional 409,258 shares during the period. Hedge funds and other institutional investors own 96.31% of the company's stock.

Highwoods Properties Stock Up 1.6 %

Shares of NYSE:HIW traded up $0.46 during trading on Friday, reaching $29.95. 886,257 shares of the stock traded hands, compared to its average volume of 914,045. Highwoods Properties, Inc. has a 52-week low of $24.07 and a 52-week high of $36.78. The stock has a market cap of $3.23 billion, a P/E ratio of 31.53 and a beta of 1.20. The stock has a 50-day moving average of $28.26 and a two-hundred day moving average of $29.86. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.25 and a current ratio of 1.25.

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

Highwoods Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date is Monday, May 19th. Highwoods Properties's payout ratio is presently 124.22%.

Wall Street Analyst Weigh In

HIW has been the topic of a number of recent research reports. Truist Financial reduced their target price on shares of Highwoods Properties from $33.00 to $32.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. StockNews.com raised shares of Highwoods Properties from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Finally, Jefferies Financial Group initiated coverage on Highwoods Properties in a research report on Monday, March 17th. They issued a "buy" rating and a $32.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus 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.