Atria Investments Inc Sells 1,899 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Atria Investments Inc decreased its holdings in Highwoods Properties, Inc. (NYSE:HIW) by 19.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,726 shares of the real estate investment trust’s stock after selling 1,899 shares during the period. Atria Investments Inc’s holdings in Highwoods Properties were worth $259,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Abich Financial Wealth Management LLC grew its position 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 valued at $49,000 after acquiring an additional 580 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Highwoods Properties by 141.3% during the 2nd quarter. Versant Capital Management Inc now owns 2,073 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 1,214 shares during the last quarter. Pathway Financial Advisers LLC acquired a new position in Highwoods Properties during the 1st quarter worth approximately $107,000. Blue Trust Inc. lifted its stake in Highwoods Properties by 269.8% in the 3rd quarter. Blue Trust Inc. now owns 3,221 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 2,350 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Highwoods Properties by 11.7% in the 2nd quarter. GAMMA Investing LLC now owns 4,206 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 440 shares during the last quarter. Institutional investors and hedge funds own 96.31% of the company’s stock.

Highwoods Properties Stock Performance

NYSE HIW opened at $31.96 on Friday. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 23.85 and a beta of 1.26. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.41. Highwoods Properties, Inc. has a twelve month low of $17.58 and a twelve month high of $36.78. The stock has a fifty day simple moving average of $33.46 and a 200 day simple moving average of $30.13.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.74). Highwoods Properties had a net margin of 17.40% and a return on equity of 6.05%. The company had revenue of $204.30 million during the quarter, compared to the consensus estimate of $204.96 million. During the same quarter last year, the firm posted $0.93 EPS. The company’s quarterly revenue was down 1.4% on a year-over-year basis. Sell-side analysts expect that Highwoods Properties, Inc. will post 3.62 EPS for the current year.

Highwoods Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, November 18th. This represents a $2.00 annualized dividend and a yield of 6.26%. Highwoods Properties’s payout ratio is 149.25%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HIW shares. Robert W. Baird boosted their target price on shares of Highwoods Properties from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Truist Financial boosted their price objective on Highwoods Properties from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft downgraded Highwoods Properties from a “buy” rating to a “hold” rating and increased their target price for the company from $31.00 to $35.00 in a research report on Tuesday, October 1st. Finally, Wells Fargo & Company boosted their price target on Highwoods Properties from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $31.20.

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.