Highwoods Properties, Inc. (NYSE:HIW) Shares Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its position in shares of Highwoods Properties, Inc. (NYSE:HIW) by 86.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,172,929 shares of the real estate investment trust’s stock after purchasing an additional 545,066 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.11% of Highwoods Properties worth $30,813,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp boosted its position in shares of Highwoods Properties by 3.6% in the 2nd quarter. Fifth Third Bancorp now owns 10,766 shares of the real estate investment trust’s stock worth $283,000 after buying an additional 376 shares in the last quarter. Park Avenue Securities LLC grew its position in shares of Highwoods Properties by 4.9% in the first quarter. Park Avenue Securities LLC now owns 9,274 shares of the real estate investment trust’s stock valued at $243,000 after purchasing an additional 435 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Highwoods Properties by 11.7% during the 2nd quarter. GAMMA Investing LLC now owns 4,206 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 440 shares in the last quarter. Treasurer of the State of North Carolina raised its position in shares of Highwoods Properties by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 46,144 shares of the real estate investment trust’s stock worth $1,059,000 after purchasing an additional 450 shares during the last quarter. Finally, Abich Financial Wealth Management LLC lifted its stake in Highwoods Properties by 45.5% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,855 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 580 shares in the last quarter. 96.31% of the stock is owned by institutional investors and hedge funds.

Highwoods Properties Stock Performance

NYSE HIW opened at $33.26 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.29 and a quick ratio of 1.29. Highwoods Properties, Inc. has a 1-year low of $17.06 and a 1-year high of $33.79. The firm has a market capitalization of $3.52 billion, a P/E ratio of 27.26 and a beta of 1.26. The business’s 50-day simple moving average is $30.89 and its 200-day simple moving average is $27.43.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data 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). The business had revenue of $204.74 million during the quarter, compared to analyst estimates of $205.06 million. Highwoods Properties had a return on equity of 6.33% and a net margin of 18.30%. Highwoods Properties’s revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.94 EPS. Equities analysts predict that Highwoods Properties, Inc. will post 3.58 EPS for the current year.

Highwoods Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date of this dividend was Monday, August 19th. Highwoods Properties’s dividend payout ratio is presently 163.93%.

Analyst Ratings Changes

HIW has been the subject of a number of analyst reports. Truist Financial boosted their price target on Highwoods Properties from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Robert W. Baird boosted their target price on shares of Highwoods Properties from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company raised their price target on shares of Highwoods Properties from $22.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.29.

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.