Public Sector Pension Investment Board Increases Stock Holdings in Highwoods Properties, Inc. (NYSE:HIW)

Public Sector Pension Investment Board boosted its holdings in Highwoods Properties, Inc. (NYSE:HIW) by 7.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 233,199 shares of the real estate investment trust’s stock after purchasing an additional 16,521 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.22% of Highwoods Properties worth $6,126,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Highwoods Properties during the 4th quarter valued at about $24,306,000. Commerce Bank increased its position in Highwoods Properties by 1.7% during the fourth quarter. Commerce Bank now owns 38,742 shares of the real estate investment trust’s stock worth $890,000 after purchasing an additional 640 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Highwoods Properties by 3.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 120,520 shares of the real estate investment trust’s stock worth $2,767,000 after purchasing an additional 3,500 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Highwoods Properties by 77.2% in the 4th quarter. Hsbc Holdings PLC now owns 187,133 shares of the real estate investment trust’s stock valued at $4,324,000 after purchasing an additional 81,529 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Highwoods Properties by 36.6% during the 4th quarter. Parallel Advisors LLC now owns 5,013 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 1,342 shares during the period. 96.31% of the stock is currently owned by hedge funds and other institutional investors.

Highwoods Properties Price Performance

Shares of NYSE HIW opened at $33.09 on Thursday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.29 and a quick ratio of 1.29. Highwoods Properties, Inc. has a 1-year low of $17.06 and a 1-year high of $33.96. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 27.12 and a beta of 1.26. The business has a 50-day moving average of $31.28 and a 200-day moving average of $27.69.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.31). The company had revenue of $204.74 million during the quarter, compared to analysts’ expectations of $205.06 million. Highwoods Properties had a return on equity of 6.33% and a net margin of 18.30%. The firm’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.94 EPS. On average, equities analysts anticipate that Highwoods Properties, Inc. will post 3.59 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 19th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 6.04%. The ex-dividend date was Monday, August 19th. Highwoods Properties’s dividend payout ratio (DPR) is 163.93%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Truist Financial increased their target price on Highwoods Properties from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Wells Fargo & Company lifted their price objective on Highwoods Properties from $22.00 to $32.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 11th. Finally, Robert W. Baird boosted their target price on Highwoods Properties from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $27.29.

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.