Andrew Hill Investment Advisors Inc. Buys 677 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Andrew Hill Investment Advisors Inc. increased its stake in shares of Highwoods Properties, Inc. (NYSE:HIW) by 0.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 143,814 shares of the real estate investment trust’s stock after purchasing an additional 677 shares during the period. Highwoods Properties accounts for 3.3% of Andrew Hill Investment Advisors Inc.’s investment portfolio, making the stock its 14th largest position. Andrew Hill Investment Advisors Inc. owned about 0.14% of Highwoods Properties worth $4,398,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Jones Financial Companies Lllp lifted its stake in shares of Highwoods Properties by 375.0% in 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 in the last quarter. Quarry LP acquired a new stake in Highwoods Properties during the 3rd quarter worth about $48,000. Smartleaf Asset Management LLC lifted its holdings in Highwoods Properties by 124.7% in 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 in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Highwoods Properties by 363.7% in 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 acquiring an additional 2,331 shares during the period. Finally, Versant Capital Management Inc grew its holdings in Highwoods Properties by 12.0% during the 4th quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 327 shares in the last quarter. 96.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HIW has been the topic of several research analyst reports. StockNews.com cut shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Thursday, April 3rd. Mizuho lifted their price objective on Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Truist Financial decreased their target price on Highwoods Properties from $33.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Finally, Jefferies Financial Group began coverage on Highwoods Properties in a research report on Monday, March 17th. They set a “buy” rating and a $32.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Highwoods Properties has a consensus rating of “Hold” and a consensus target price of $32.50.

Highwoods Properties Price Performance

HIW stock opened at $26.90 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.41. Highwoods Properties, Inc. has a 52 week low of $23.52 and a 52 week high of $36.78. The firm has a market capitalization of $2.90 billion, a P/E ratio of 28.32 and a beta of 1.15. The company has a fifty day simple moving average of $28.66 and a two-hundred day simple moving average of $30.76.

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 for the quarter, meeting the consensus estimate of $0.85. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. Analysts anticipate that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.00 annualized dividend and a yield of 7.43%. Highwoods Properties’s dividend payout ratio (DPR) is presently 210.53%.

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.