LSV Asset Management Sells 31,100 Shares of Highwoods Properties, Inc. (NYSE:HIW)

LSV Asset Management reduced its holdings in Highwoods Properties, Inc. (NYSE:HIW) by 19.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 128,900 shares of the real estate investment trust’s stock after selling 31,100 shares during the quarter. LSV Asset Management’s holdings in Highwoods Properties were worth $2,960,000 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 business. International Assets Investment Management LLC acquired a new stake in shares of Highwoods Properties during the fourth quarter worth $31,000. Planned Solutions Inc. bought a new position in shares of Highwoods Properties in the fourth quarter valued at $38,000. Harvest Fund Management Co. Ltd bought a new position in shares of Highwoods Properties in the third quarter valued at $44,000. GAMMA Investing LLC bought a new position in shares of Highwoods Properties in the fourth quarter valued at $53,000. Finally, NBC Securities Inc. bought a new position in shares of Highwoods Properties in the third quarter valued at $92,000. 96.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HIW has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Highwoods Properties from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Monday. Robert W. Baird raised their price target on shares of Highwoods Properties from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Morgan Stanley raised their price target on shares of Highwoods Properties from $18.00 to $21.00 and gave the company an “underweight” rating in a research report on Thursday, March 28th. Finally, Truist Financial raised their price target on shares of Highwoods Properties from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Highwoods Properties has an average rating of “Hold” and an average price target of $24.75.

Highwoods Properties Stock Performance

Shares of HIW stock opened at $26.40 on Thursday. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 21.64 and a beta of 1.20. 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, Inc. has a 52 week low of $17.06 and a 52 week high of $27.57. The firm’s 50-day simple moving average is $25.15 and its two-hundred day simple moving average is $22.75.

Highwoods Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Monday, May 20th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $2.00 annualized dividend and a dividend yield of 7.58%. Highwoods Properties’s payout ratio is 163.93%.

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.