Atria Investments Inc Purchases 1,779 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Atria Investments Inc raised its position in Highwoods Properties, Inc. (NYSE:HIW) by 23.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,505 shares of the real estate investment trust’s stock after buying an additional 1,779 shares during the period. Atria Investments Inc’s holdings in Highwoods Properties were worth $291,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc increased its position in shares of Highwoods Properties by 12.0% during the fourth quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 327 shares during the last quarter. Everhart Financial Group Inc. grew its stake in Highwoods Properties by 6.0% in the 4th quarter. Everhart Financial Group Inc. now owns 11,719 shares of the real estate investment trust’s stock valued at $358,000 after purchasing an additional 660 shares during the period. Jones Financial Companies Lllp increased its position in shares of Highwoods Properties by 375.0% during the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 675 shares during the last quarter. M&T Bank Corp raised its stake in shares of Highwoods Properties by 3.7% during the 3rd quarter. M&T Bank Corp now owns 19,141 shares of the real estate investment trust’s stock worth $642,000 after purchasing an additional 682 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in shares of Highwoods Properties by 26.1% during the 4th quarter. Venturi Wealth Management LLC now owns 4,111 shares of the real estate investment trust’s stock worth $126,000 after purchasing an additional 851 shares during the period. Institutional investors own 96.31% of the company’s stock.

Highwoods Properties Trading Up 3.0 %

Shares of HIW stock opened at $29.05 on Tuesday. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 30.57 and a beta of 1.25. The company’s fifty day simple moving average is $29.15 and its two-hundred day simple moving average is $31.30. Highwoods Properties, Inc. has a 1 year low of $23.52 and a 1 year high of $36.78. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.25 and a quick ratio of 1.25.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share (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%. As a group, analysts anticipate that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a $0.50 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.89%. Highwoods Properties’s dividend payout ratio (DPR) is currently 210.53%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on HIW shares. StockNews.com upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a report on Friday. Jefferies Financial Group began coverage on shares of Highwoods Properties in a research note on Monday. They set a “buy” rating and a $32.00 price target for the company. 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. Finally, Truist Financial reduced their price objective on Highwoods Properties from $33.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $30.86.

Highwoods Properties Company 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.