Smartleaf Asset Management LLC Has $73,000 Stock Holdings in Highwoods Properties, Inc. (NYSE:HIW)

Smartleaf Asset Management LLC increased its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW) by 124.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,434 shares of the real estate investment trust’s stock after purchasing an additional 1,351 shares during the period. Smartleaf Asset Management LLC’s holdings in Highwoods Properties were worth $73,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in HIW. Aew Capital Management L P acquired a new stake in shares of Highwoods Properties during the 4th quarter worth approximately $31,250,000. Metis Global Partners LLC grew its holdings in Highwoods Properties by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 12,158 shares of the real estate investment trust’s stock worth $372,000 after purchasing an additional 1,242 shares during the period. US Bancorp DE grew its holdings in Highwoods Properties by 72.6% in the fourth quarter. US Bancorp DE now owns 21,956 shares of the real estate investment trust’s stock worth $671,000 after purchasing an additional 9,235 shares during the period. Proficio Capital Partners LLC bought a new stake in Highwoods Properties in the fourth quarter valued at $674,000. Finally, Illinois Municipal Retirement Fund raised its holdings in shares of Highwoods Properties by 8.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 59,698 shares of the real estate investment trust’s stock valued at $1,826,000 after purchasing an additional 4,633 shares during the period. 96.31% of the stock is currently owned by institutional investors.

Highwoods Properties Stock Performance

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

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

Highwoods Properties Dividend Announcement

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

Analyst Upgrades and Downgrades

HIW has been the subject of several research reports. StockNews.com upgraded Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, March 5th. Mizuho raised their price objective on Highwoods Properties from $24.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Truist Financial lowered their target price on Highwoods Properties from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Finally, Jefferies Financial Group cut their target price on Highwoods Properties from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $30.71.

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.