Highwoods Properties, Inc. (NYSE:HIW) Shares Bought by Creative Planning

Creative Planning lifted its stake in shares of Highwoods Properties, Inc. (NYSE:HIW) by 13.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,684 shares of the real estate investment trust’s stock after acquiring an additional 5,932 shares during the period. Creative Planning’s holdings in Highwoods Properties were worth $1,665,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HIW. Evergreen Capital Management LLC grew its stake in Highwoods Properties by 2.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 13,653 shares of the real estate investment trust’s stock worth $359,000 after acquiring an additional 371 shares during the period. Fifth Third Bancorp increased its stake in Highwoods Properties by 3.6% in the second quarter. Fifth Third Bancorp now owns 10,766 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 376 shares during the last quarter. Park Avenue Securities LLC lifted its position in Highwoods Properties by 4.9% during the first quarter. Park Avenue Securities LLC now owns 9,274 shares of the real estate investment trust’s stock worth $243,000 after buying an additional 435 shares during the period. GAMMA Investing LLC boosted its stake in Highwoods Properties by 11.7% in the 2nd quarter. GAMMA Investing LLC now owns 4,206 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 440 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Highwoods Properties by 2.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,537 shares of the real estate investment trust’s stock valued at $566,000 after buying an additional 511 shares during the period. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Highwoods Properties Trading Down 0.9 %

NYSE:HIW opened at $34.41 on Wednesday. The business’s 50-day moving average is $33.19 and its two-hundred day moving average is $29.26. The firm has a market capitalization of $3.65 billion, a PE ratio of 28.20 and a beta of 1.26. Highwoods Properties, Inc. has a 12 month low of $17.17 and a 12 month high of $36.78. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.29 and a quick ratio of 1.29.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.14 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.74). Highwoods Properties had a return on equity of 6.01% and a net margin of 17.40%. The company had revenue of $204.30 million for the quarter, compared to analyst estimates of $204.96 million. During the same period last year, the firm posted $0.93 earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. Research analysts predict that Highwoods Properties, Inc. will post 3.6 earnings per share for the current fiscal year.

Highwoods Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $2.00 dividend on an annualized basis and a yield of 5.81%. Highwoods Properties’s dividend payout ratio is currently 163.93%.

Analyst Upgrades and Downgrades

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