Highwoods Properties, Inc. (NYSE:HIW) Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its position in shares of Highwoods Properties, Inc. (NYSE:HIW) by 9.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 772,581 shares of the real estate investment trust’s stock after selling 76,270 shares during the quarter. Legal & General Group Plc owned about 0.73% of Highwoods Properties worth $23,626,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE raised its holdings in shares of 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 valued at $671,000 after buying an additional 9,235 shares during the period. B&I Capital AG grew its position in Highwoods Properties by 111.7% in the 4th quarter. B&I Capital AG now owns 262,500 shares of the real estate investment trust’s stock valued at $8,027,000 after acquiring an additional 138,500 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Highwoods Properties by 3.5% during the fourth 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 purchasing an additional 71,670 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Highwoods Properties by 65.1% during the third quarter. BNP Paribas Financial Markets now owns 6,562 shares of the real estate investment trust’s stock worth $220,000 after purchasing an additional 2,587 shares in the last quarter. Finally, Oliver Luxxe Assets LLC boosted its stake in shares of Highwoods Properties by 44.4% in the fourth quarter. Oliver Luxxe Assets LLC now owns 70,426 shares of the real estate investment trust’s stock valued at $2,154,000 after purchasing an additional 21,655 shares during the period. 96.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Truist Financial lowered their price objective on Highwoods Properties from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. StockNews.com lowered shares of Highwoods Properties from a “hold” rating to a “sell” rating in a report on Thursday, April 3rd. 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 note on Tuesday, January 7th. Finally, Jefferies Financial Group began coverage on Highwoods Properties in a research report on Monday, March 17th. They set a “buy” rating and a $32.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Highwoods Properties has a consensus rating of “Hold” and an average price target of $32.50.

Highwoods Properties Stock Performance

Highwoods Properties stock opened at $26.38 on Monday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.25 and a quick ratio of 1.25. Highwoods Properties, Inc. has a 12 month low of $23.52 and a 12 month high of $36.78. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 27.77 and a beta of 1.15. The stock’s 50-day moving average is $28.54 and its 200-day moving average is $30.64.

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, meeting the consensus estimate of $0.85. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. Equities analysts anticipate that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a yield of 7.58%. Highwoods Properties’s dividend payout ratio (DPR) is presently 210.53%.

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.