ARP Americas LP bought a new position in Highwoods Properties Inc (NYSE:HIW) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 10,300 shares of the real estate investment trust’s stock, valued at approximately $384,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Heritage Wealth Advisors increased its holdings in Highwoods Properties by 61.2% in the 2nd quarter. Heritage Wealth Advisors now owns 1,639 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 622 shares in the last quarter. Van ECK Associates Corp increased its holdings in Highwoods Properties by 108.8% in the 1st quarter. Van ECK Associates Corp now owns 1,255 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 654 shares in the last quarter. Exane Derivatives increased its holdings in Highwoods Properties by 14,695.5% in the 2nd quarter. Exane Derivatives now owns 3,255 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 3,233 shares in the last quarter. Fifth Third Bancorp purchased a new stake in Highwoods Properties in the 1st quarter worth approximately $178,000. Finally, First Citizens Bank & Trust Co. increased its holdings in Highwoods Properties by 6.2% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 6,243 shares of the real estate investment trust’s stock worth $233,000 after acquiring an additional 362 shares in the last quarter. 95.60% of the stock is owned by institutional investors.
Several research firms have weighed in on HIW. DA Davidson restated a “buy” rating on shares of Highwoods Properties in a research note on Wednesday. SunTrust Banks increased their target price on Highwoods Properties from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. ValuEngine downgraded Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, April 21st. Morgan Stanley upgraded Highwoods Properties from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $40.00 to $44.00 in a research report on Wednesday, June 24th. Finally, Robert W. Baird upgraded Highwoods Properties from a “neutral” rating to an “outperform” rating and lowered their target price for the company from $53.00 to $40.00 in a research report on Monday, April 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. Highwoods Properties currently has an average rating of “Buy” and an average price target of $44.38.
Highwoods Properties (NYSE:HIW) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.53). The company had revenue of $183.15 million during the quarter, compared to the consensus estimate of $187.69 million. Highwoods Properties had a return on equity of 13.93% and a net margin of 41.15%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.87 earnings per share. As a group, equities research analysts expect that Highwoods Properties Inc will post 3.61 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 17th will be given a $0.48 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.92 dividend on an annualized basis and a yield of 5.01%. Highwoods Properties’s dividend payout ratio is presently 57.66%.
Highwoods Properties Company Profile
Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (REIT) and a member of the S&P MidCap 400 Index. The Company is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.
Read More: Google Finance Portfolio Workaround
Receive News & Ratings for Highwoods Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Highwoods Properties and related companies with MarketBeat.com's FREE daily email newsletter.