Proficio Capital Partners LLC Invests $674,000 in Highwoods Properties, Inc. (NYSE:HIW)

Proficio Capital Partners LLC bought a new position in Highwoods Properties, Inc. (NYSE:HIW) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 22,048 shares of the real estate investment trust’s stock, valued at approximately $674,000.

Other large investors have also made changes to their positions in the company. Quarry LP acquired a new position in Highwoods Properties during the 3rd quarter worth about $48,000. Versant Capital Management Inc lifted its position in Highwoods Properties by 12.0% during the 4th quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 327 shares in the last quarter. Venturi Wealth Management LLC lifted its position in Highwoods Properties by 55.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 3,260 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 1,167 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new position in Highwoods Properties during the 4th quarter worth about $155,000. Finally, Blue Trust Inc. lifted its position in Highwoods Properties by 47.5% during the 4th quarter. Blue Trust Inc. now owns 4,752 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 1,531 shares in the last quarter. Institutional investors own 96.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. StockNews.com upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th. Mizuho upped their target price on shares of Highwoods Properties from $24.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Jefferies Financial Group cut their price target on shares of Highwoods Properties from $35.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, January 2nd. Finally, Truist Financial cut their price target on shares of Highwoods Properties from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $30.71.

Highwoods Properties Price Performance

NYSE HIW opened at $29.45 on Monday. The business has a 50 day simple moving average of $29.37 and a 200 day simple moving average of $31.43. Highwoods Properties, Inc. has a 52-week low of $23.52 and a 52-week high of $36.78. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 31.00 and a beta of 1.25.

Highwoods Properties (NYSE:HIW) last posted its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.85. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. Analysts anticipate that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.00 annualized dividend and a dividend yield of 6.79%. Highwoods Properties’s dividend payout ratio is currently 210.53%.

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.