Highwoods Properties, Inc. (NYSE:HIW) Position Increased by Amundi

Amundi boosted its holdings in Highwoods Properties, Inc. (NYSE:HIW) by 45.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,120 shares of the real estate investment trust’s stock after acquiring an additional 34,403 shares during the quarter. Amundi’s holdings in Highwoods Properties were worth $3,225,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its position in Highwoods Properties by 375.0% in the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 675 shares during the period. Quarry LP acquired a new stake in Highwoods Properties in the 3rd quarter valued at approximately $48,000. Smartleaf Asset Management LLC increased its position in Highwoods Properties by 124.7% in 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 acquiring an additional 1,351 shares during the period. Versant Capital Management Inc increased its position in Highwoods Properties by 12.0% in the 4th quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 327 shares during the period. Finally, Venturi Wealth Management LLC increased its position in Highwoods Properties by 26.1% in the 4th quarter. Venturi Wealth Management LLC now owns 4,111 shares of the real estate investment trust’s stock valued at $126,000 after acquiring an additional 851 shares during the period. 96.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HIW shares. Mizuho lifted their price target on Highwoods Properties from $24.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Truist Financial lowered their price target on 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 upgraded Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Jefferies Financial Group lowered their price target on Highwoods Properties from $35.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Highwoods Properties has a consensus rating of “Hold” and an average target price of $30.71.

Highwoods Properties Stock Performance

Shares of NYSE HIW opened at $28.16 on Monday. 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 stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 29.65 and a beta of 1.25. The stock’s fifty day simple moving average is $29.17 and its 200 day simple moving average is $31.31. Highwoods Properties, Inc. has a 52-week low of $23.52 and a 52-week high of $36.78.

Highwoods Properties (NYSE:HIW) last issued its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.85. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. As a group, sell-side analysts forecast that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.10%. The ex-dividend date of this dividend was Tuesday, February 18th. Highwoods Properties’s payout ratio is 210.53%.

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.