Caxton Associates LP Buys 4,057 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Caxton Associates LP lifted its stake in Highwoods Properties, Inc. (NYSE:HIW) by 17.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,875 shares of the real estate investment trust’s stock after acquiring an additional 4,057 shares during the period. Caxton Associates LP’s holdings in Highwoods Properties were worth $732,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. LSV Asset Management boosted its holdings in shares of Highwoods Properties by 104.4% in the first quarter. LSV Asset Management now owns 263,500 shares of the real estate investment trust’s stock worth $6,898,000 after acquiring an additional 134,600 shares during the period. M&G Plc bought a new stake in Highwoods Properties during the first quarter valued at $10,047,000. Janus Henderson Group PLC boosted its stake in Highwoods Properties by 356.3% during the first quarter. Janus Henderson Group PLC now owns 219,555 shares of the real estate investment trust’s stock valued at $5,749,000 after buying an additional 171,435 shares during the period. Congress Asset Management Co. MA boosted its stake in Highwoods Properties by 380.0% during the fourth quarter. Congress Asset Management Co. MA now owns 131,015 shares of the real estate investment trust’s stock valued at $3,008,000 after buying an additional 103,721 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Highwoods Properties by 11.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 339,447 shares of the real estate investment trust’s stock valued at $8,887,000 after buying an additional 33,719 shares during the period. 96.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. 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. Robert W. Baird lifted their price objective on Highwoods Properties from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, Truist Financial lifted their price objective on Highwoods Properties from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Highwoods Properties currently has an average rating of “Hold” and a consensus price target of $27.29.

Highwoods Properties Trading Down 0.2 %

Shares of HIW stock opened at $32.99 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.34. The business has a 50-day moving average price of $31.38 and a two-hundred day moving average price of $27.73. Highwoods Properties, Inc. has a 12-month low of $17.06 and a 12-month high of $33.96. The firm has a market cap of $3.50 billion, a P/E ratio of 27.04 and a beta of 1.26.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.59 EPS for the quarter, missing the consensus estimate 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 quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.94 EPS. Equities analysts anticipate that Highwoods Properties, Inc. will post 3.59 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 19th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, August 19th. This represents a $2.00 dividend on an annualized basis and a yield of 6.06%. Highwoods Properties’s dividend payout ratio is presently 163.93%.

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.