Landscape Capital Management L.L.C. Sells 638 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Landscape Capital Management L.L.C. reduced its stake in shares of Highwoods Properties, Inc. (NYSE:HIW) by 8.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,802 shares of the real estate investment trust’s stock after selling 638 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Highwoods Properties were worth $208,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. US Bancorp DE lifted its holdings in Highwoods Properties by 72.6% in the 4th quarter. US Bancorp DE now owns 21,956 shares of the real estate investment trust’s stock worth $671,000 after purchasing an additional 9,235 shares during the last quarter. B&I Capital AG lifted its stake in shares of Highwoods Properties by 111.7% in the fourth quarter. B&I Capital AG now owns 262,500 shares of the real estate investment trust’s stock worth $8,027,000 after buying an additional 138,500 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Highwoods Properties by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,133,242 shares of the real estate investment trust’s stock worth $65,235,000 after buying an additional 71,670 shares during the period. BNP Paribas Financial Markets grew its stake in Highwoods Properties by 65.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,562 shares of the real estate investment trust’s stock valued at $220,000 after buying an additional 2,587 shares during the last quarter. Finally, Oliver Luxxe Assets LLC raised its holdings in Highwoods Properties by 44.4% in the 4th quarter. Oliver Luxxe Assets LLC now owns 70,426 shares of the real estate investment trust’s stock worth $2,154,000 after acquiring an additional 21,655 shares during the period. Institutional investors own 96.31% of the company’s stock.

Highwoods Properties Stock Performance

Shares of NYSE HIW opened at $25.30 on Wednesday. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 26.63 and a beta of 1.15. Highwoods Properties, Inc. has a one year low of $23.52 and a one year high of $36.78. The business has a fifty day simple moving average of $28.77 and a 200 day simple moving average of $30.83. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.41.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.85 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%. Sell-side analysts expect that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.00 annualized dividend and a dividend yield of 7.90%. Highwoods Properties’s dividend payout ratio is currently 210.53%.

Analyst Ratings Changes

Several brokerages have recently issued reports on HIW. Truist Financial lowered their price target on Highwoods Properties from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. StockNews.com downgraded Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Thursday, April 3rd. Jefferies Financial Group started coverage on Highwoods Properties in a research report on Monday, March 17th. They issued a “buy” rating and a $32.00 price objective for the company. Finally, Mizuho boosted their target price on shares of Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Highwoods Properties has a consensus rating of “Hold” and an average target price of $32.50.

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.