HighTower Advisors LLC Has $245,000 Stock Position in Highwoods Properties, Inc. (NYSE:HIW)

HighTower Advisors LLC cut its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW) by 33.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,006 shares of the real estate investment trust’s stock after selling 3,952 shares during the quarter. HighTower Advisors LLC’s holdings in Highwoods Properties were worth $245,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of HIW. Jones Financial Companies Lllp raised its holdings in Highwoods Properties by 375.0% in the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 675 shares in the last quarter. Quarry LP bought a new stake in shares of Highwoods Properties during the third quarter valued at approximately $48,000. Smartleaf Asset Management LLC raised its stake in shares of Highwoods Properties by 124.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,434 shares of the real estate investment trust’s stock valued at $73,000 after purchasing an additional 1,351 shares in the last quarter. Versant Capital Management Inc lifted its position in 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 worth $93,000 after purchasing an additional 327 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in 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 worth $126,000 after buying an additional 851 shares in the last quarter. 96.31% of the stock is owned by institutional investors.

Highwoods Properties Price Performance

Highwoods Properties stock opened at $29.85 on Thursday. The business’s fifty day moving average is $29.07 and its two-hundred day moving average is $31.07. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $3.21 billion, a P/E ratio of 31.42 and a beta of 1.25. Highwoods Properties, Inc. has a 52 week low of $23.52 and a 52 week high of $36.78.

Highwoods Properties (NYSE:HIW) last issued its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 earnings per share for the current fiscal year.

Highwoods Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.70%. The ex-dividend date of this dividend was Tuesday, February 18th. Highwoods Properties’s dividend payout ratio is currently 210.53%.

Analysts Set New Price Targets

HIW has been the subject of several recent research reports. StockNews.com raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Friday, March 14th. Truist Financial dropped their target price on Highwoods Properties from $33.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Mizuho boosted their price target on Highwoods Properties from $24.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group assumed coverage on Highwoods Properties in a research note on Monday, March 17th. They set a “buy” rating and a $32.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Highwoods Properties presently has an average rating of “Hold” and an average price target of $32.50.

About Highwoods Properties

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.