Kestra Investment Management LLC Has $905,000 Stock Position in Highwoods Properties, Inc. (NYSE:HIW)

Kestra Investment Management LLC grew its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW) by 40.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,599 shares of the real estate investment trust’s stock after buying an additional 8,464 shares during the quarter. Kestra Investment Management LLC’s holdings in Highwoods Properties were worth $905,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in HIW. CWM LLC grew its holdings in shares of Highwoods Properties by 7.8% during the third quarter. CWM LLC now owns 8,641 shares of the real estate investment trust’s stock valued at $290,000 after buying an additional 624 shares during the last quarter. Creative Planning boosted its holdings in Highwoods Properties by 13.6% during the third quarter. Creative Planning now owns 49,684 shares of the real estate investment trust’s stock worth $1,665,000 after purchasing an additional 5,932 shares during the last quarter. Blue Trust Inc. boosted its holdings 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 last quarter. Signaturefd LLC boosted its holdings in Highwoods Properties by 16.9% during the third quarter. Signaturefd LLC now owns 8,247 shares of the real estate investment trust’s stock worth $276,000 after purchasing an additional 1,191 shares during the last quarter. Finally, Impact Partnership Wealth LLC purchased a new position in Highwoods Properties during the third quarter worth about $283,000. 96.31% of the stock is currently owned by institutional investors and hedge funds.

Highwoods Properties Stock Down 1.1 %

HIW opened at $28.86 on Wednesday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.41. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 21.54 and a beta of 1.24. Highwoods Properties, Inc. has a twelve month low of $23.12 and a twelve month high of $36.78. The company’s 50-day moving average price is $29.77 and its two-hundred day moving average price is $31.61.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.85. Highwoods Properties had a net margin of 17.40% and a return on equity of 6.05%. As a group, equities analysts expect that Highwoods Properties, Inc. will post 3.61 earnings per share for the current year.

Highwoods Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 6.93%. The ex-dividend date is Tuesday, February 18th. Highwoods Properties’s dividend payout ratio (DPR) is currently 149.25%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Jefferies Financial Group cut their price target on shares of Highwoods Properties from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. Truist Financial cut their price target on shares of Highwoods Properties from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. StockNews.com cut shares of Highwoods Properties from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Robert W. Baird boosted their price target 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. Finally, Mizuho boosted their target price on shares of Highwoods Properties from $24.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Highwoods Properties has an average rating of “Hold” and an average price target of $30.71.

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.