Highwoods Properties, Inc. (NYSE:HIW) Shares Purchased by Oak Thistle LLC

Oak Thistle LLC grew its position in shares of Highwoods Properties, Inc. (NYSE:HIW) by 28.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,701 shares of the real estate investment trust’s stock after acquiring an additional 3,012 shares during the quarter. Oak Thistle LLC’s holdings in Highwoods Properties were worth $359,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Riverview Trust Co acquired a new position in Highwoods Properties during the 1st quarter valued at about $34,000. International Assets Investment Management LLC bought a new position in Highwoods Properties in the 4th quarter worth approximately $31,000. Planned Solutions Inc. acquired a new stake in Highwoods Properties in the 4th quarter valued at approximately $38,000. GAMMA Investing LLC acquired a new position in Highwoods Properties during the 4th quarter worth $53,000. Finally, Quent Capital LLC increased its holdings in shares of Highwoods Properties by 875.4% during the fourth quarter. Quent Capital LLC now owns 4,721 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 4,237 shares during the period. Institutional investors and hedge funds own 96.31% of the company’s stock.

Highwoods Properties Stock Performance

Shares of NYSE HIW opened at $26.43 on Tuesday. The stock’s fifty day simple moving average is $25.98 and its 200 day simple moving average is $24.56. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 21.66 and a beta of 1.27. Highwoods Properties, Inc. has a 52-week low of $17.06 and a 52-week high of $28.45.

Highwoods Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Monday, May 20th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 7.57%. The ex-dividend date was Friday, May 17th. Highwoods Properties’s dividend payout ratio (DPR) is currently 163.93%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HIW shares. Morgan Stanley upped their price objective on shares of Highwoods Properties from $18.00 to $21.00 and gave the stock an “underweight” rating in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Highwoods Properties from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $24.75.

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.