Axa S.A. Lowers Holdings in Highwoods Properties, Inc. (NYSE:HIW)

Axa S.A. reduced its position in Highwoods Properties, Inc. (NYSE:HIW) by 0.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,184 shares of the real estate investment trust’s stock after selling 524 shares during the period. Axa S.A.’s holdings in Highwoods Properties were worth $2,711,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in Highwoods Properties during the 4th quarter worth approximately $24,306,000. Hsbc Holdings PLC grew its stake in Highwoods Properties by 77.2% during the 4th quarter. Hsbc Holdings PLC now owns 187,133 shares of the real estate investment trust’s stock worth $4,324,000 after buying an additional 81,529 shares during the last quarter. Parallel Advisors LLC grew its stake in 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 worth $115,000 after buying an additional 1,342 shares during the last quarter. Allianz Asset Management GmbH grew its stake in Highwoods Properties by 402.4% during the 4th quarter. Allianz Asset Management GmbH now owns 485,191 shares of the real estate investment trust’s stock worth $11,140,000 after buying an additional 388,617 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in Highwoods Properties by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 46,144 shares of the real estate investment trust’s stock worth $1,059,000 after acquiring an additional 450 shares during the period. 96.31% of the stock is owned by institutional investors and hedge funds.

Highwoods Properties Trading Down 0.4 %

Shares of HIW opened at $32.87 on Monday. The stock has a 50 day simple moving average of $31.48 and a 200-day simple moving average of $27.83. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.34. Highwoods Properties, Inc. has a 1 year low of $17.06 and a 1 year high of $33.96. The stock has a market cap of $3.48 billion, a PE ratio of 26.94 and a beta of 1.26.

Highwoods Properties (NYSE:HIW) last released its 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 firm had revenue of $204.74 million for the quarter, compared to the consensus estimate of $205.06 million. Highwoods Properties had a return on equity of 6.33% and a net margin of 18.30%. The company’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.94 EPS. On average, sell-side analysts predict that Highwoods Properties, Inc. will post 3.59 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Monday, August 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.08%. Highwoods Properties’s dividend payout ratio (DPR) is presently 163.93%.

Analysts Set New Price Targets

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

Highwoods Properties 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.