Highwoods Properties, Inc. (NYSE:HIW) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its holdings in Highwoods Properties, Inc. (NYSE:HIW) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,268 shares of the real estate investment trust’s stock after selling 931 shares during the quarter. Yousif Capital Management LLC’s holdings in Highwoods Properties were worth $1,231,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. State Street Corp lifted its position in shares of Highwoods Properties by 1.7% in the third quarter. State Street Corp now owns 7,289,806 shares of the real estate investment trust’s stock valued at $244,281,000 after acquiring an additional 124,646 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Highwoods Properties by 40.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,130,452 shares of the real estate investment trust’s stock valued at $107,155,000 after purchasing an additional 908,401 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Highwoods Properties by 131.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,708,996 shares of the real estate investment trust’s stock worth $90,778,000 after purchasing an additional 1,536,067 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Highwoods Properties by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,061,572 shares of the real estate investment trust’s stock worth $69,083,000 after acquiring an additional 34,885 shares during the period. Finally, Geode Capital Management LLC increased its stake in Highwoods Properties by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,902,036 shares of the real estate investment trust’s stock valued at $63,754,000 after purchasing an additional 12,958 shares during the last quarter. 96.31% of the stock is owned by hedge funds and other institutional investors.

Highwoods Properties Stock Performance

Shares of HIW opened at $29.25 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.31 and a quick ratio of 1.31. Highwoods Properties, Inc. has a 12-month low of $22.60 and a 12-month high of $36.78. The business’s fifty day moving average price is $29.91 and its 200 day moving average price is $31.62. The stock has a market capitalization of $3.10 billion, a PE ratio of 21.83 and a beta of 1.24.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.85. Highwoods Properties had a net margin of 17.40% and a return on equity of 6.05%. Equities research analysts forecast that Highwoods Properties, Inc. will post 3.61 EPS for the current year.

Highwoods Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.84%. The ex-dividend date of this dividend is Tuesday, February 18th. Highwoods Properties’s dividend payout ratio (DPR) is 149.25%.

Wall Street Analysts Forecast Growth

HIW has been the topic of several research analyst reports. Mizuho raised their target price on shares of Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. StockNews.com lowered Highwoods Properties from a “hold” rating to a “sell” rating in a research note on Thursday. Truist Financial reduced their price target on Highwoods Properties from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday. Robert W. Baird lifted their price objective on shares of Highwoods Properties from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Jefferies Financial Group decreased their price target on shares of Highwoods Properties from $35.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, January 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Highwoods Properties currently has an average rating of “Hold” and an average target price of $30.71.

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.