Sumitomo Mitsui Trust Group Inc. Has $3.84 Million Holdings in Highwoods Properties, Inc. (NYSE:HIW)

Sumitomo Mitsui Trust Group Inc. cut its holdings in Highwoods Properties, Inc. (NYSE:HIW) by 3.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 114,518 shares of the real estate investment trust’s stock after selling 3,767 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.11% of Highwoods Properties worth $3,837,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of HIW. Abich Financial Wealth Management LLC lifted its position in Highwoods Properties by 45.5% during the first quarter. Abich Financial Wealth Management LLC now owns 1,855 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 580 shares during the period. Versant Capital Management Inc lifted its position in Highwoods Properties by 141.3% during the second quarter. Versant Capital Management Inc now owns 2,073 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 1,214 shares during the period. Pathway Financial Advisers LLC bought a new stake in Highwoods Properties during the first quarter worth about $107,000. Blue Trust Inc. lifted its position in Highwoods Properties by 269.8% during the third quarter. Blue Trust Inc. now owns 3,221 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 2,350 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in Highwoods Properties by 55.8% during the third quarter. Venturi Wealth Management LLC now owns 3,260 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 1,167 shares during the period. Institutional investors own 96.31% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HIW shares. Truist Financial upped their price objective on shares of Highwoods Properties from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Robert W. Baird increased their target price on shares of Highwoods Properties from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut shares of Highwoods Properties from a “buy” rating to a “hold” rating and increased their target price for the stock from $31.00 to $35.00 in a report on Tuesday, October 1st. Finally, Wells Fargo & Company increased their target price on shares of Highwoods Properties from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Highwoods Properties currently has a consensus rating of “Hold” and a consensus target price of $31.20.

Highwoods Properties Stock Up 0.7 %

Shares of NYSE HIW opened at $31.40 on Tuesday. The company has a 50 day simple moving average of $33.51 and a 200 day simple moving average of $30.02. The firm has a market cap of $3.33 billion, a PE ratio of 23.43 and a beta of 1.26. Highwoods Properties, Inc. has a 1 year low of $17.58 and a 1 year high of $36.78. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.31 and a quick ratio of 1.31.

Highwoods Properties (NYSE:HIW) last issued its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.74). The business had revenue of $204.30 million during the quarter, compared to the consensus estimate of $204.96 million. Highwoods Properties had a net margin of 17.40% and a return on equity of 6.05%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.93 EPS. On average, research analysts forecast that Highwoods Properties, Inc. will post 3.62 EPS for the current year.

Highwoods Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $2.00 dividend on an annualized basis and a yield of 6.37%. Highwoods Properties’s dividend payout ratio (DPR) is presently 149.25%.

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.