Highwoods Properties, Inc. (NYSE:HIW) Shares Bought by Swiss National Bank

Swiss National Bank grew its position in Highwoods Properties, Inc. (NYSE:HIW) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,502 shares of the real estate investment trust’s stock after purchasing an additional 1,500 shares during the period. Swiss National Bank owned approximately 0.20% of Highwoods Properties worth $6,376,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. US Bancorp DE lifted its stake in shares of Highwoods Properties by 72.6% during 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 in the last quarter. Point72 Asset Management L.P. lifted its position in Highwoods Properties by 436.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 215,724 shares of the real estate investment trust’s stock worth $7,229,000 after acquiring an additional 175,499 shares in the last quarter. B&I Capital AG boosted its holdings in Highwoods Properties by 111.7% in the 4th quarter. B&I Capital AG now owns 262,500 shares of the real estate investment trust’s stock worth $8,027,000 after acquiring an additional 138,500 shares during the period. Charles Schwab Investment Management Inc. grew its position in Highwoods Properties by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,133,242 shares of the real estate investment trust’s stock valued at $65,235,000 after acquiring an additional 71,670 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Highwoods Properties by 65.1% during the third quarter. BNP Paribas Financial Markets now owns 6,562 shares of the real estate investment trust’s stock valued at $220,000 after purchasing an additional 2,587 shares during the period. Institutional investors and hedge funds own 96.31% of the company’s stock.

Highwoods Properties Stock Performance

Shares of HIW stock opened at $28.81 on Monday. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 30.32 and a beta of 1.25. Highwoods Properties, Inc. has a one year low of $23.52 and a one year high of $36.78. The company’s 50-day simple moving average is $29.14 and its 200-day simple moving average is $31.21. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.25 and a current ratio of 1.25.

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

Highwoods Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.00 annualized dividend and a yield of 6.94%. Highwoods Properties’s payout ratio is 210.53%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HIW. Jefferies Financial Group started coverage on shares of Highwoods Properties in a research note on Monday, March 17th. They issued a “buy” rating and a $32.00 target price for the company. Mizuho raised their target price 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 cut their price target on Highwoods Properties from $33.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Finally, StockNews.com upgraded Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Highwoods Properties currently has an average rating of “Hold” and a consensus target price of $30.86.

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.