Highwoods Properties, Inc. (NYSE:HIW) Shares Sold by Swiss National Bank

Swiss National Bank lessened its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 207,002 shares of the real estate investment trust’s stock after selling 1,300 shares during the period. Swiss National Bank owned 0.20% of Highwoods Properties worth $6,937,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Quent Capital LLC boosted its holdings in shares of Highwoods Properties by 12.3% in the 1st quarter. Quent Capital LLC now owns 5,304 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 583 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Highwoods Properties by 6.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 57,081 shares of the real estate investment trust’s stock valued at $1,495,000 after acquiring an additional 3,229 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Highwoods Properties by 356.3% in the first quarter. Janus Henderson Group PLC now owns 219,555 shares of the real estate investment trust’s stock valued at $5,749,000 after acquiring an additional 171,435 shares in the last quarter. Swedbank AB purchased a new position in shares of Highwoods Properties during the first quarter worth about $7,215,000. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of Highwoods Properties during the first quarter worth about $107,000. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Analysts Set New Price Targets

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

Highwoods Properties Trading Up 0.3 %

Shares of HIW stock opened at $32.44 on Wednesday. The company has a market capitalization of $3.44 billion, a P/E ratio of 24.21 and a beta of 1.26. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.41. The business’s 50 day moving average is $33.45 and its two-hundred day moving average is $30.20. Highwoods Properties, Inc. has a twelve month low of $17.58 and a twelve month high of $36.78.

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

Highwoods Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, November 18th. This represents a $2.00 annualized dividend and a yield of 6.17%. Highwoods Properties’s dividend payout ratio is currently 149.25%.

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.