Highwoods Properties, Inc. (NYSE:HIW) Holdings Boosted by Cwm LLC

Cwm LLC grew its holdings in Highwoods Properties, Inc. (NYSE:HIW) by 7.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,641 shares of the real estate investment trust’s stock after purchasing an additional 624 shares during the period. Cwm LLC’s holdings in Highwoods Properties were worth $290,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HIW. Wellington Management Group LLP lifted its stake in Highwoods Properties by 113.4% in the 4th quarter. Wellington Management Group LLP now owns 110,576 shares of the real estate investment trust’s stock worth $2,539,000 after acquiring an additional 58,748 shares in the last quarter. Park Avenue Securities LLC grew its stake in Highwoods Properties by 4.9% during the 1st quarter. Park Avenue Securities LLC now owns 9,274 shares of the real estate investment trust’s stock valued at $243,000 after acquiring an additional 435 shares in the last quarter. Riverview Trust Co acquired a new position in shares of Highwoods Properties in the 1st quarter valued at about $34,000. Oak Thistle LLC lifted its position in shares of Highwoods Properties by 28.2% in the first quarter. Oak Thistle LLC now owns 13,701 shares of the real estate investment trust’s stock worth $359,000 after purchasing an additional 3,012 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Highwoods Properties by 245.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 430,975 shares of the real estate investment trust’s stock worth $11,283,000 after purchasing an additional 306,265 shares in the last quarter. Institutional investors and hedge funds own 96.31% of the company’s stock.

Highwoods Properties Stock Down 2.2 %

HIW stock opened at $35.57 on Tuesday. The firm has a market cap of $3.77 billion, a PE ratio of 29.16 and a beta of 1.26. Highwoods Properties, Inc. has a 1 year low of $17.06 and a 1 year high of $36.55. The company has a fifty day simple moving average of $32.64 and a 200 day simple moving average of $28.75. 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 (NYSE:HIW) last announced its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.31). The company had revenue of $204.74 million during the quarter, compared to analyst estimates of $205.06 million. Highwoods Properties had a return on equity of 6.33% and a net margin of 18.30%. Highwoods Properties’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.94 EPS. Sell-side analysts anticipate that Highwoods Properties, Inc. will post 3.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Truist Financial upped their price objective on shares of Highwoods Properties from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Wells Fargo & Company upped their price target on shares of Highwoods Properties from $22.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 11th. Robert W. Baird lifted their price objective on Highwoods Properties from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft lowered Highwoods Properties from a “buy” rating to a “hold” rating and upped their target price for the stock from $31.00 to $35.00 in a research report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $28.50.

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.