Cwm LLC Has $290,000 Stock Position in Highwoods Properties, Inc. (NYSE:HIW)

Cwm LLC boosted its position in Highwoods Properties, Inc. (NYSE:HIW) by 7.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 8,641 shares of the real estate investment trust’s stock after acquiring an additional 624 shares during the quarter. Cwm LLC’s holdings in Highwoods Properties were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Riverview Trust Co bought a new stake in Highwoods Properties during the first quarter valued at about $34,000. Abich Financial Wealth Management LLC boosted its stake in 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 during the period. Versant Capital Management Inc grew its holdings in Highwoods Properties by 141.3% in 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 buying an additional 1,214 shares during the last quarter. Pathway Financial Advisers LLC bought a new position in Highwoods Properties in the 1st quarter worth approximately $107,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Highwoods Properties by 11.7% during the second quarter. GAMMA Investing LLC now owns 4,206 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 440 shares during the last quarter. Institutional investors own 96.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HIW. Wells Fargo & Company raised their price objective on shares of Highwoods Properties from $22.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft downgraded shares of Highwoods Properties from a “buy” rating to a “hold” rating and increased their price target for the company from $31.00 to $35.00 in a report on Tuesday, October 1st. Robert W. Baird boosted their price objective 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, Truist Financial increased their target price on shares of Highwoods Properties from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $28.50.

Highwoods Properties Stock Down 2.2 %

HIW opened at $35.57 on Tuesday. The company has a market capitalization of $3.77 billion, a P/E ratio of 29.16 and a beta of 1.26. 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 firm’s fifty day moving average price is $32.64 and its two-hundred day moving average price is $28.75. Highwoods Properties, Inc. has a fifty-two week low of $17.06 and a fifty-two week high of $36.55.

Highwoods Properties (NYSE:HIW) last issued its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.31). Highwoods Properties had a net margin of 18.30% and a return on equity of 6.33%. The business had revenue of $204.74 million for the quarter, compared to analyst estimates of $205.06 million. During the same quarter last year, the firm posted $0.94 earnings per share. Highwoods Properties’s revenue was down 1.2% on a year-over-year basis. On average, analysts anticipate that Highwoods Properties, Inc. will post 3.6 EPS for the current year.

About Highwoods Properties

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.