Thrivent Financial for Lutherans Sells 1,300 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Thrivent Financial for Lutherans decreased its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW) by 1.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 81,948 shares of the real estate investment trust’s stock after selling 1,300 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Highwoods Properties were worth $2,506,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its holdings 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 worth $26,000 after buying an additional 675 shares during the last quarter. Quarry LP bought a new position in Highwoods Properties during the third quarter worth $48,000. Smartleaf Asset Management LLC raised its stake in 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 during the last quarter. EverSource Wealth Advisors LLC raised its stake in Highwoods Properties by 363.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,972 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 2,331 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings 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 purchasing an additional 327 shares during the period. Institutional investors and hedge funds own 96.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Highwoods Properties in a research report on Monday, March 17th. They set a “buy” rating and a $32.00 price objective for the company. StockNews.com upgraded Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Friday, March 14th. Truist Financial lowered their price objective 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. Finally, Mizuho raised their target price on Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $30.86.

Highwoods Properties Price Performance

Shares of HIW stock opened at $29.05 on Friday. The stock’s fifty day simple moving average is $29.13 and its 200 day simple moving average is $31.15. Highwoods Properties, Inc. has a one year low of $23.52 and a one year high of $36.78. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 30.57 and a beta of 1.25. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.25 and a quick ratio of 1.25.

Highwoods Properties (NYSE:HIW) last posted its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share for the quarter, hitting the consensus estimate of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. On average, analysts expect that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.89%. The ex-dividend date of this dividend was Tuesday, February 18th. Highwoods Properties’s dividend payout ratio (DPR) is currently 210.53%.

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.