Hardman Johnston Global Advisors LLC Has $297,000 Stock Position in Highwoods Properties, Inc. (NYSE:HIW)

Hardman Johnston Global Advisors LLC boosted its stake in shares of Highwoods Properties, Inc. (NYSE:HIW) by 26.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,700 shares of the real estate investment trust’s stock after buying an additional 2,000 shares during the period. Hardman Johnston Global Advisors LLC’s holdings in Highwoods Properties were worth $297,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HIW. StockNews.com downgraded shares of Highwoods Properties from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Robert W. Baird lifted their price objective on shares of Highwoods Properties from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Wells Fargo & Company boosted their target price on shares of Highwoods Properties from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. 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 report on Tuesday, January 7th. Finally, Truist Financial lowered their target price on shares of Highwoods Properties from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Highwoods Properties has a consensus rating of “Hold” and an average price target of $30.71.

Highwoods Properties Price Performance

Shares of HIW opened at $29.22 on Monday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.41. The company’s fifty day simple moving average is $29.68 and its 200 day simple moving average is $31.59. Highwoods Properties, Inc. has a 1-year low of $23.14 and a 1-year high of $36.78. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 30.76 and a beta of 1.24.

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%. On average, research analysts forecast that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a yield of 6.84%. Highwoods Properties’s dividend payout ratio (DPR) is 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.