Charles Schwab Investment Management Inc. Has $65.24 Million Stock Position in Highwoods Properties, Inc. (NYSE:HIW)

Charles Schwab Investment Management Inc. raised its stake in Highwoods Properties, Inc. (NYSE:HIW) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,133,242 shares of the real estate investment trust’s stock after buying an additional 71,670 shares during the period. Charles Schwab Investment Management Inc. owned 2.01% of Highwoods Properties worth $65,235,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in HIW. Wealth Enhancement Advisory Services LLC acquired a new stake in Highwoods Properties in the third quarter valued at approximately $259,000. Van ECK Associates Corp lifted its holdings in shares of Highwoods Properties by 10.7% during the third quarter. Van ECK Associates Corp now owns 19,856 shares of the real estate investment trust’s stock worth $710,000 after purchasing an additional 1,914 shares during the period. Assetmark Inc. lifted its holdings in shares of Highwoods Properties by 5.7% during the third quarter. Assetmark Inc. now owns 9,254 shares of the real estate investment trust’s stock worth $310,000 after purchasing an additional 495 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in shares of Highwoods Properties during the third quarter worth $2,085,000. Finally, Catalytic Wealth RIA LLC acquired a new position in shares of Highwoods Properties during the third quarter worth $211,000. Institutional investors and hedge funds own 96.31% of the company’s stock.

Highwoods Properties Price Performance

HIW stock opened at $28.79 on Wednesday. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 30.30 and a beta of 1.25. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.41. Highwoods Properties, Inc. has a 12-month low of $23.52 and a 12-month high of $36.78. The company’s fifty day simple moving average is $29.32 and its 200 day simple moving average is $31.39.

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

Highwoods Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 6.95%. The ex-dividend date of this dividend was Tuesday, February 18th. Highwoods Properties’s dividend payout ratio (DPR) is currently 210.53%.

Analyst Ratings Changes

A number of equities analysts have recently commented on HIW shares. 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 report on Thursday, February 13th. 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 report on Thursday, January 2nd. StockNews.com upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th. Finally, Mizuho lifted their price target on shares of Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Highwoods Properties has a consensus rating of “Hold” and a consensus 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.