Highwoods Properties, Inc. (NYSE:HIW) Stock Holdings Increased by Creative Planning

Creative Planning grew its position in shares of Highwoods Properties, Inc. (NYSE:HIW) by 13.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 49,684 shares of the real estate investment trust’s stock after buying an additional 5,932 shares during the quarter. Creative Planning’s holdings in Highwoods Properties were worth $1,665,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of HIW. Abich Financial Wealth Management LLC grew 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 buying an additional 580 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of 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 worth $54,000 after purchasing an additional 1,214 shares during the last quarter. Pathway Financial Advisers LLC acquired a new position in Highwoods Properties during the 1st quarter valued at approximately $107,000. GAMMA Investing LLC grew its stake in Highwoods Properties by 11.7% during the 2nd 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. Finally, Quent Capital LLC increased its position in Highwoods Properties by 12.3% in the first quarter. Quent Capital LLC now owns 5,304 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 583 shares during the period. Institutional investors own 96.31% of the company’s stock.

Highwoods Properties Stock Down 0.9 %

Highwoods Properties stock opened at $34.41 on Wednesday. The company’s 50-day moving average price is $33.19 and its two-hundred day moving average price is $29.26. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 28.20 and a beta of 1.26. Highwoods Properties, Inc. has a 52 week low of $17.17 and a 52 week high of $36.78. 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 (NYSE:HIW) last posted its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.74). The company had revenue of $204.30 million for the quarter, compared to analyst estimates of $204.96 million. Highwoods Properties had a net margin of 17.40% and a return on equity of 6.01%. Highwoods Properties’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 EPS. On average, analysts expect that Highwoods Properties, Inc. will post 3.6 EPS for the current fiscal year.

Highwoods Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $2.00 annualized dividend and a yield of 5.81%. Highwoods Properties’s dividend payout ratio is currently 163.93%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Truist Financial boosted their price target on shares of Highwoods Properties from $29.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft cut shares of Highwoods Properties from a “buy” rating to a “hold” rating and upped their target price for the stock from $31.00 to $35.00 in a research report on Tuesday, October 1st. Robert W. Baird lifted their price target on Highwoods Properties from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Finally, Wells Fargo & Company increased their price objective on Highwoods Properties from $22.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Highwoods Properties currently has a consensus rating of “Hold” and an average price target of $28.50.

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.