Atlas Capital Advisors Inc. Sells 12,128 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Atlas Capital Advisors Inc. trimmed its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW) by 76.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,646 shares of the real estate investment trust’s stock after selling 12,128 shares during the quarter. Atlas Capital Advisors Inc.’s holdings in Highwoods Properties were worth $111,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Cerity Partners LLC increased its holdings in Highwoods Properties by 66.7% during the 3rd quarter. Cerity Partners LLC now owns 16,552 shares of the real estate investment trust’s stock worth $555,000 after purchasing an additional 6,625 shares during the period. BNP Paribas Financial Markets grew its position in shares of Highwoods Properties by 65.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,562 shares of the real estate investment trust’s stock worth $220,000 after buying an additional 2,587 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Highwoods Properties by 4.3% during the third quarter. Janus Henderson Group PLC now owns 207,935 shares of the real estate investment trust’s stock valued at $6,967,000 after buying an additional 8,511 shares during the period. Point72 Asset Management L.P. raised its holdings in shares of Highwoods Properties by 436.3% in the third quarter. Point72 Asset Management L.P. now owns 215,724 shares of the real estate investment trust’s stock valued at $7,229,000 after acquiring an additional 175,499 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in Highwoods Properties in the third quarter worth about $306,000. 96.31% of the stock is owned by hedge funds and other institutional investors.

Highwoods Properties Trading Down 2.8 %

NYSE:HIW opened at $27.14 on Friday. The firm has a 50 day moving average of $28.99 and a 200 day moving average of $30.99. 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 52 week low of $23.52 and a 52 week high of $36.78. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 28.57 and a beta of 1.25.

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 for the quarter, hitting analysts’ consensus estimates of $0.85. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. As a group, sell-side analysts anticipate that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 7.37%. The ex-dividend date was Tuesday, February 18th. Highwoods Properties’s payout ratio is currently 210.53%.

Wall Street Analysts Forecast Growth

HIW has been the topic of a number of research reports. Truist Financial cut their target price 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 stock a “neutral” rating in a research note on Tuesday, January 7th. StockNews.com lowered Highwoods Properties from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Jefferies Financial Group initiated coverage on Highwoods Properties in a report on Monday, March 17th. They issued a “buy” rating and a $32.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.