Highwoods Properties, Inc. (NYSE:HIW) Stock Holdings Lessened by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System trimmed its stake in Highwoods Properties, Inc. (NYSE:HIW) by 3.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,200 shares of the real estate investment trust’s stock after selling 2,100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Highwoods Properties were worth $1,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. raised its position in Highwoods Properties by 403.0% during the third quarter. Assenagon Asset Management S.A. now owns 67,544 shares of the real estate investment trust’s stock valued at $2,263,000 after acquiring an additional 54,115 shares in the last quarter. Impact Partnership Wealth LLC bought a new position in Highwoods Properties during the third quarter valued at approximately $283,000. Signaturefd LLC raised its position in Highwoods Properties by 16.9% during the third quarter. Signaturefd LLC now owns 8,247 shares of the real estate investment trust’s stock valued at $276,000 after acquiring an additional 1,191 shares in the last quarter. Blue Trust Inc. raised its position in Highwoods Properties by 269.8% during the third quarter. Blue Trust Inc. now owns 3,221 shares of the real estate investment trust’s stock valued at $108,000 after acquiring an additional 2,350 shares in the last quarter. Finally, Presima Securities ULC raised its position in Highwoods Properties by 1.0% during the third quarter. Presima Securities ULC now owns 52,536 shares of the real estate investment trust’s stock valued at $1,760,000 after acquiring an additional 500 shares in the last quarter. 96.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HIW has been the topic of several recent research reports. 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. 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. Wells Fargo & Company raised their price objective on shares of Highwoods Properties from $22.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 11th. Finally, Robert W. Baird lifted their price target on shares of Highwoods Properties from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $28.50.

Highwoods Properties Trading Down 0.3 %

NYSE:HIW opened at $34.29 on Thursday. Highwoods Properties, Inc. has a 12 month low of $17.17 and a 12 month high of $36.78. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 28.11 and a beta of 1.26. 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 company’s 50 day moving average is $33.25 and its 200-day moving average is $29.29.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings results 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 firm had revenue of $204.30 million during the quarter, compared to the consensus estimate of $204.96 million. Highwoods Properties had a net margin of 17.40% and a return on equity of 6.01%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 EPS. Equities analysts anticipate that Highwoods Properties, Inc. will post 3.6 EPS for the current year.

Highwoods Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $2.00 annualized dividend and a dividend yield of 5.83%. Highwoods Properties’s payout ratio is 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.