Mutual of America Capital Management LLC Has $534,000 Position in Highwoods Properties, Inc. (NYSE:HIW)

Mutual of America Capital Management LLC lessened its stake in Highwoods Properties, Inc. (NYSE:HIW) by 8.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,945 shares of the real estate investment trust’s stock after selling 1,477 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Highwoods Properties were worth $534,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Abich Financial Wealth Management LLC increased its stake in shares of Highwoods Properties by 45.5% in the first quarter. Abich Financial Wealth Management LLC now owns 1,855 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 580 shares during the last quarter. Versant Capital Management Inc increased its position in Highwoods Properties by 141.3% in the 2nd quarter. Versant Capital Management Inc now owns 2,073 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 1,214 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Highwoods Properties by 269.8% during the 3rd quarter. Blue Trust Inc. now owns 3,221 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 2,350 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Highwoods Properties by 55.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 3,260 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,167 shares during the last quarter. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of Highwoods Properties during the 1st quarter valued at about $107,000. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Wall Street Analyst Weigh In

HIW has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft lowered shares of Highwoods Properties from a “buy” rating to a “hold” rating and raised their price objective for the company from $31.00 to $35.00 in a research report on Tuesday, October 1st. Robert W. Baird raised their price target on shares of Highwoods Properties from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Wells Fargo & Company lifted their price objective on shares of Highwoods Properties from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, 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 research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Highwoods Properties presently has a consensus rating of “Hold” and an average target price of $31.20.

Highwoods Properties Trading Up 0.3 %

NYSE:HIW opened at $32.44 on Wednesday. The company’s 50 day moving average is $33.45 and its 200-day moving average is $30.20. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.41. Highwoods Properties, Inc. has a 12 month low of $17.58 and a 12 month high of $36.78. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 24.21 and a beta of 1.26.

Highwoods Properties (NYSE:HIW) last announced its 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 6.05% and a net margin of 17.40%. The firm had revenue of $204.30 million during the quarter, compared to the consensus estimate of $204.96 million. During the same quarter last year, the business earned $0.93 EPS. The business’s revenue was down 1.4% compared to the same quarter last year. Equities analysts anticipate that Highwoods Properties, Inc. will post 3.62 EPS for the current year.

Highwoods Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $2.00 annualized dividend and a yield of 6.17%. Highwoods Properties’s payout ratio is 149.25%.

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.