Highwoods Properties, Inc. (NYSE:HIW) Stake Boosted by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its stake in shares of Highwoods Properties, Inc. (NYSE:HIW) by 0.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 121,512 shares of the real estate investment trust’s stock after acquiring an additional 1,132 shares during the period. DekaBank Deutsche Girozentrale owned 0.11% of Highwoods Properties worth $3,021,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Riverview Trust Co bought a new stake in Highwoods Properties in the first quarter worth $34,000. Abich Financial Wealth Management LLC boosted its holdings in Highwoods Properties by 45.5% in 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 in the last quarter. Versant Capital Management Inc boosted its holdings in Highwoods Properties by 141.3% in 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 in the last quarter. GAMMA Investing LLC boosted its holdings in Highwoods Properties by 63.3% in the first quarter. GAMMA Investing LLC now owns 3,766 shares of the real estate investment trust’s stock worth $99,000 after purchasing an additional 1,460 shares in the last quarter. Finally, Pathway Financial Advisers LLC bought a new stake in Highwoods Properties in the first quarter worth $107,000. 96.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HIW. Wells Fargo & Company upped their price objective on shares of Highwoods Properties from $22.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 11th. 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 report on Tuesday, July 30th. Finally, Robert W. Baird upped their price target on shares of Highwoods Properties from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Highwoods Properties has an average rating of “Hold” and a consensus target price of $27.29.

Highwoods Properties Trading Up 1.0 %

Shares of NYSE:HIW opened at $33.03 on Thursday. The company has a market cap of $3.50 billion, a P/E ratio of 27.07 and a beta of 1.26. The stock’s 50-day moving average is $30.65 and its 200-day moving average is $27.35. Highwoods Properties, Inc. has a 52-week low of $17.06 and a 52-week high of $33.79. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.29 and a current ratio of 1.29.

Highwoods Properties (NYSE:HIW) last issued its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.31). Highwoods Properties had a net margin of 18.30% and a return on equity of 6.33%. The business had revenue of $204.74 million during the quarter, compared to analyst estimates of $205.06 million. During the same period in the prior year, the business posted $0.94 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. Equities research analysts predict that Highwoods Properties, Inc. will post 3.58 earnings per share for the current year.

Highwoods Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 19th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.06%. The ex-dividend date was Monday, August 19th. Highwoods Properties’s dividend payout ratio (DPR) is presently 163.93%.

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.