Highwoods Properties, Inc. (NYSE:HIW) Position Reduced by Versor Investments LP

Versor Investments LP decreased its position in shares of Highwoods Properties, Inc. (NYSE:HIW) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,480 shares of the real estate investment trust’s stock after selling 1,000 shares during the period. Versor Investments LP’s holdings in Highwoods Properties were worth $718,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Highwoods Properties by 1.7% during the third quarter. State Street Corp now owns 7,289,806 shares of the real estate investment trust’s stock worth $244,281,000 after purchasing an additional 124,646 shares in the last quarter. Franklin Resources Inc. raised its holdings in Highwoods Properties by 40.9% during the third quarter. Franklin Resources Inc. now owns 3,130,452 shares of the real estate investment trust’s stock worth $107,155,000 after purchasing an additional 908,401 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Highwoods Properties by 131.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,708,996 shares of the real estate investment trust’s stock worth $90,778,000 after purchasing an additional 1,536,067 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Highwoods Properties by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,061,572 shares of the real estate investment trust’s stock worth $69,083,000 after purchasing an additional 34,885 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Highwoods Properties by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,902,036 shares of the real estate investment trust’s stock worth $63,754,000 after purchasing an additional 12,958 shares in the last quarter. Institutional investors own 96.31% of the company’s stock.

Wall Street Analysts Forecast Growth

HIW has been the topic of several research reports. Wells Fargo & Company upped their price target on Highwoods Properties from $32.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Truist Financial dropped their price target on Highwoods Properties from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Robert W. Baird upped their price target on Highwoods Properties from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Jefferies Financial Group dropped their price target on Highwoods Properties from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. Finally, Mizuho upped their price target on Highwoods Properties from $24.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Highwoods Properties has a consensus rating of “Hold” and an average price target of $30.71.

Highwoods Properties Trading Up 1.0 %

Highwoods Properties stock opened at $29.10 on Friday. The company’s fifty day simple moving average is $29.53 and its 200-day simple moving average is $31.52. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.41. Highwoods Properties, Inc. has a 12 month low of $23.52 and a 12 month high of $36.78. The stock has a market cap of $3.13 billion, a P/E ratio of 30.63 and a beta of 1.24.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 EPS for the quarter, meeting the consensus estimate of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. As a group, sell-side analysts forecast that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.

Highwoods Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.87%. The ex-dividend date of this dividend is Tuesday, February 18th. Highwoods Properties’s dividend payout ratio is presently 210.53%.

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.