Edge Capital Group LLC Has $4.01 Million Stake in Highwoods Properties, Inc. (NYSE:HIW)

Edge Capital Group LLC grew its position in Highwoods Properties, Inc. (NYSE:HIW) by 4.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 152,548 shares of the real estate investment trust’s stock after buying an additional 6,361 shares during the quarter. Edge Capital Group LLC owned 0.14% of Highwoods Properties worth $4,007,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HIW. Hsbc Holdings PLC raised its position in Highwoods Properties by 15.5% during the second quarter. Hsbc Holdings PLC now owns 73,891 shares of the real estate investment trust’s stock valued at $1,941,000 after purchasing an additional 9,915 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Highwoods Properties by 8.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 24,267 shares of the real estate investment trust’s stock valued at $637,000 after purchasing an additional 1,963 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Highwoods Properties by 18.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 25,636 shares of the real estate investment trust’s stock worth $673,000 after buying an additional 4,020 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Highwoods Properties by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,531,611 shares of the real estate investment trust’s stock worth $40,233,000 after buying an additional 36,285 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Highwoods Properties by 86.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,172,929 shares of the real estate investment trust’s stock valued at $30,813,000 after buying an additional 545,066 shares in the last quarter. Institutional investors own 96.31% of the company’s stock.

Highwoods Properties Stock Down 1.0 %

Shares of HIW opened at $33.25 on Friday. The company has a market capitalization of $3.52 billion, a PE ratio of 27.25 and a beta of 1.26. The stock’s 50-day moving average price is $31.00 and its two-hundred day moving average price is $27.50. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.34. Highwoods Properties, Inc. has a 12 month low of $17.06 and a 12 month high of $33.79.

Highwoods Properties (NYSE:HIW) last announced its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.59 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.31). Highwoods Properties had a net margin of 18.30% and a return on equity of 6.33%. The company had revenue of $204.74 million during the quarter, compared to the consensus estimate of $205.06 million. During the same quarter in the previous year, the company earned $0.94 earnings per share. The business’s revenue was down 1.2% on a year-over-year basis. On average, analysts anticipate that Highwoods Properties, Inc. will post 3.58 EPS for the current year.

Highwoods Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $2.00 dividend on an annualized basis and a yield of 6.02%. Highwoods Properties’s dividend payout ratio (DPR) is currently 163.93%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Truist Financial increased their target price on shares of Highwoods Properties from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Wells Fargo & Company raised their target price on shares of Highwoods Properties from $22.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 11th. Finally, Robert W. Baird boosted their price objective on Highwoods Properties from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $27.29.

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.