Campbell & CO Investment Adviser LLC Purchases New Shares in Highwoods Properties, Inc. (NYSE:HIW)

Campbell & CO Investment Adviser LLC acquired a new position in shares of Highwoods Properties, Inc. (NYSE:HIWFree Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 23,435 shares of the real estate investment trust’s stock, valued at approximately $483,000.

Several other hedge funds have also added to or reduced their stakes in HIW. Quarry LP acquired a new stake in Highwoods Properties during the 1st quarter worth $27,000. CENTRAL TRUST Co raised its stake in shares of Highwoods Properties by 76.6% in the 3rd quarter. CENTRAL TRUST Co now owns 1,095 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 475 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Highwoods Properties in the 3rd quarter valued at about $44,000. Allspring Global Investments Holdings LLC raised its stake in shares of Highwoods Properties by 20,800.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,090 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 2,080 shares during the period. Finally, Quantbot Technologies LP raised its stake in shares of Highwoods Properties by 165.3% in the 2nd quarter. Quantbot Technologies LP now owns 2,181 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 1,359 shares during the period. Institutional investors and hedge funds own 96.31% of the company’s stock.

Highwoods Properties Price Performance

NYSE:HIW opened at $24.59 on Tuesday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.24 and a current ratio of 1.24. The stock’s 50-day simple moving average is $22.72 and its 200 day simple moving average is $21.62. The company has a market cap of $2.60 billion, a P/E ratio of 17.69 and a beta of 1.22. Highwoods Properties, Inc. has a 52-week low of $17.06 and a 52-week high of $30.28.

Highwoods Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.13%. The ex-dividend date of this dividend is Friday, February 16th. Highwoods Properties’s dividend payout ratio is currently 143.89%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Bank of America downgraded Highwoods Properties from a “buy” rating to a “neutral” rating and dropped their price target for the company from $29.00 to $20.00 in a research note on Monday, November 13th. Morgan Stanley downgraded Highwoods Properties from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $22.00 to $18.00 in a research note on Thursday, December 21st. Mizuho dropped their price target on Highwoods Properties from $31.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 18th. Truist Financial dropped their price target on Highwoods Properties from $35.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, November 21st. Finally, Deutsche Bank Aktiengesellschaft began coverage on Highwoods Properties in a research note on Tuesday, January 30th. They issued a “buy” rating and a $28.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $23.57.

Read Our Latest Research Report on HIW

Highwoods Properties Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding HIW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Highwoods Properties, Inc. (NYSE:HIWFree Report).

Institutional Ownership by Quarter for Highwoods Properties (NYSE:HIW)

Receive News & Ratings for Highwoods Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Highwoods Properties and related companies with MarketBeat.com's FREE daily email newsletter.