Highwoods Properties, Inc. (NYSE:HIW) Stock Position Boosted by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its stake in Highwoods Properties, Inc. (NYSE:HIW) by 10.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,823 shares of the real estate investment trust’s stock after buying an additional 3,700 shares during the period. Handelsbanken Fonder AB’s holdings in Highwoods Properties were worth $1,368,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Riverview Trust Co bought a new position in shares of Highwoods Properties during the 1st quarter valued at about $34,000. Abich Financial Wealth Management LLC boosted its position in shares of Highwoods Properties by 45.5% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,855 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 580 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Highwoods Properties by 141.3% during the 2nd quarter. Versant Capital Management Inc now owns 2,073 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 1,214 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Highwoods Properties by 63.3% during the 1st quarter. GAMMA Investing LLC now owns 3,766 shares of the real estate investment trust’s stock valued at $99,000 after purchasing an additional 1,460 shares in the last quarter. Finally, Pathway Financial Advisers LLC bought a new position in shares of Highwoods Properties during the 1st quarter valued at about $107,000. Institutional investors own 96.31% of the company’s stock.

Highwoods Properties Stock Performance

Shares of HIW opened at $33.62 on Friday. The company has a 50-day moving average of $32.11 and a two-hundred day moving average of $28.35. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 23.84 and a beta of 1.26. Highwoods Properties, Inc. has a one year low of $17.06 and a one year high of $33.96.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.59 earnings per share (EPS) 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%. Highwoods Properties’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.94 earnings per share. On average, equities research analysts expect that Highwoods Properties, Inc. will post 3.6 earnings per share for the current year.

Highwoods Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date of this dividend was Monday, August 19th. Highwoods Properties’s dividend payout ratio (DPR) is 141.84%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HIW shares. Truist Financial raised their price objective on shares of Highwoods Properties from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft lowered shares of Highwoods Properties from a “buy” rating to a “hold” rating and raised their price objective for the company from $31.00 to $35.00 in a research report on Tuesday, October 1st. Robert W. Baird raised their target price on shares of Highwoods Properties from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, Wells Fargo & Company raised their target price on shares of Highwoods Properties from $22.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $27.86.

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.