21,324 Shares in Highwoods Properties, Inc. (NYSE:HIW) Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL acquired a new position in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 21,324 shares of the real estate investment trust's stock, valued at approximately $652,000.

Several other hedge funds also recently made changes to their positions in the company. Everhart Financial Group Inc. boosted its holdings in Highwoods Properties by 6.0% in the 4th quarter. Everhart Financial Group Inc. now owns 11,719 shares of the real estate investment trust's stock valued at $358,000 after purchasing an additional 660 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Highwoods Properties by 375.0% during the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 675 shares in the last quarter. Andrew Hill Investment Advisors Inc. increased its holdings in shares of Highwoods Properties by 0.5% in the 4th quarter. Andrew Hill Investment Advisors Inc. now owns 143,814 shares of the real estate investment trust's stock valued at $4,398,000 after purchasing an additional 677 shares in the last quarter. Advisory Services Network LLC lifted its stake in shares of Highwoods Properties by 2.4% in the fourth quarter. Advisory Services Network LLC now owns 32,018 shares of the real estate investment trust's stock valued at $979,000 after purchasing an additional 747 shares during the period. Finally, FIL Ltd grew its position in Highwoods Properties by 26.8% during 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 during the period. Institutional investors and hedge funds own 96.31% of the company's stock.

Analyst Upgrades and Downgrades

HIW has been the topic of several research analyst reports. Jefferies Financial Group began coverage on Highwoods Properties in a research note on Monday, March 17th. They set a "buy" rating and a $32.00 price target on the stock. Truist Financial reduced their price objective on Highwoods Properties from $33.00 to $32.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Finally, StockNews.com upgraded Highwoods Properties from a "sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $32.50.

Highwoods Properties Price Performance

Shares of Highwoods Properties stock traded down $0.16 during trading on Tuesday, hitting $30.25. 98,655 shares of the company were exchanged, compared to its average volume of 910,574. Highwoods Properties, Inc. has a fifty-two week low of $24.07 and a fifty-two week high of $36.78. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.41. The firm has a 50 day moving average price of $28.29 and a 200 day moving average price of $29.79. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 31.84 and a beta of 1.20.

Highwoods Properties (NYSE:HIW - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.01. The business had revenue of $200.38 million for 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 business's revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 earnings per share. On average, equities analysts expect that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 6.61%. The ex-dividend date is Monday, May 19th. Highwoods Properties's dividend payout ratio (DPR) is 124.22%.

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.