Corient Private Wealth LLC Reduces Holdings in Highwoods Properties, Inc. (NYSE:HIW)

Corient Private Wealth LLC cut its stake in Highwoods Properties, Inc. (NYSE:HIW) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,490 shares of the real estate investment trust’s stock after selling 525 shares during the period. Corient Private Wealth LLC’s holdings in Highwoods Properties were worth $688,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Truist Financial lowered their price target on Highwoods Properties from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. StockNews.com raised Highwoods Properties from a “sell” rating to a “hold” rating in a report on Friday, March 14th. Mizuho increased their price target on Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Finally, Jefferies Financial Group assumed coverage on shares of Highwoods Properties in a research note on Monday, March 17th. They issued a “buy” rating and a $32.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Highwoods Properties has a consensus rating of “Hold” and a consensus price target of $32.50.

Highwoods Properties Stock Up 0.6 %

Highwoods Properties stock opened at $29.21 on Friday. The stock’s 50 day moving average price is $29.11 and its 200 day moving average price is $31.13. Highwoods Properties, Inc. has a 1-year low of $23.52 and a 1-year high of $36.78. The company has a market cap of $3.14 billion, a PE ratio of 30.74 and a beta of 1.25. 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 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%. On average, sell-side analysts predict that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.

Highwoods Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.00 annualized dividend and a yield of 6.85%. Highwoods Properties’s 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.