Highwoods Properties, Inc. (NYSE:HIW) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its stake in shares of Highwoods Properties, Inc. (NYSE:HIW) by 23.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,541,986 shares of the real estate investment trust’s stock after purchasing an additional 290,356 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.45% of Highwoods Properties worth $47,154,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in HIW. Versant Capital Management Inc increased its holdings in shares of Highwoods Properties by 12.0% in the fourth quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust’s stock valued at $93,000 after buying an additional 327 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Highwoods Properties by 5.7% in the third quarter. Assetmark Inc. now owns 9,254 shares of the real estate investment trust’s stock valued at $310,000 after buying an additional 495 shares during the period. Everhart Financial Group Inc. raised its position in Highwoods Properties by 6.0% in the fourth 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 in the last quarter. M&T Bank Corp increased its holdings in shares of Highwoods Properties by 3.7% during the third quarter. M&T Bank Corp now owns 19,141 shares of the real estate investment trust’s stock worth $642,000 after buying an additional 682 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of Highwoods Properties by 26.1% during 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 purchasing an additional 851 shares during the last quarter. 96.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on HIW shares. Truist Financial reduced their price target on shares of Highwoods Properties from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Mizuho boosted their price objective on shares of Highwoods Properties from $24.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. StockNews.com upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Jefferies Financial Group reduced their price objective on shares of Highwoods Properties from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $30.71.

Highwoods Properties Stock Performance

Shares of HIW stock opened at $28.84 on Thursday. The firm has a 50-day moving average of $29.46 and a 200-day moving average of $31.48. The company has a market cap of $3.10 billion, a P/E ratio of 30.35 and a beta of 1.24. 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, Inc. has a one year low of $23.52 and a one year high of $36.78.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. Equities research analysts forecast that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.00 annualized dividend and a yield of 6.94%. Highwoods Properties’s payout ratio is presently 210.53%.

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.