Fmr LLC Has $894,000 Stock Position in Highwoods Properties, Inc. (NYSE:HIW)

Fmr LLC decreased its position in Highwoods Properties, Inc. (NYSE:HIW) by 87.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,686 shares of the real estate investment trust’s stock after selling 194,595 shares during the quarter. Fmr LLC’s holdings in Highwoods Properties were worth $894,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings 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 buying an additional 2,350 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Highwoods Properties by 55.8% in the third quarter. Venturi Wealth Management LLC now owns 3,260 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 1,167 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Highwoods Properties by 35.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,114 shares of the real estate investment trust’s stock valued at $135,000 after acquiring an additional 1,069 shares in the last quarter. GAMMA Investing LLC increased its position in Highwoods Properties by 19.5% during the third quarter. GAMMA Investing LLC now owns 5,026 shares of the real estate investment trust’s stock worth $168,000 after acquiring an additional 820 shares during the period. Finally, Catalytic Wealth RIA LLC acquired a new stake in Highwoods Properties in the 3rd quarter worth about $211,000. Institutional investors own 96.31% of the company’s stock.

Highwoods Properties Stock Up 0.8 %

NYSE HIW opened at $31.33 on Tuesday. Highwoods Properties, Inc. has a fifty-two week low of $21.37 and a fifty-two week high of $36.78. The business has a fifty day moving average price of $32.99 and a two-hundred day moving average price of $30.77. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market capitalization of $3.32 billion, a PE ratio of 23.38 and a beta of 1.24.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.74). The business had revenue of $204.30 million during the quarter, compared to analyst estimates of $204.96 million. Highwoods Properties had a net margin of 17.40% and a return on equity of 6.05%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business earned $0.93 earnings per share. Equities analysts expect that Highwoods Properties, Inc. will post 3.62 earnings per share for the current fiscal year.

Highwoods Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.38%. Highwoods Properties’s payout ratio is presently 149.25%.

Analyst Ratings Changes

HIW has been the topic of several recent research reports. Wells Fargo & Company raised their target price on shares of Highwoods Properties from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lowered Highwoods Properties from a “buy” rating to a “hold” rating and raised their price objective for the stock from $31.00 to $35.00 in a research note on Tuesday, October 1st. Finally, Robert W. Baird upped their target price on Highwoods Properties from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $31.20.

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.