22,048 Shares in Highwoods Properties, Inc. (NYSE:HIW) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Highwoods Properties, Inc. (NYSE:HIW) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 22,048 shares of the real estate investment trust’s stock, valued at approximately $674,000.

Several other large investors have also added to or reduced their stakes in the business. Versant Capital Management Inc boosted its holdings in Highwoods Properties by 12.0% in the fourth quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 327 shares in the last quarter. Everhart Financial Group Inc. lifted its holdings in shares of Highwoods Properties by 6.0% in the fourth quarter. Everhart Financial Group Inc. now owns 11,719 shares of the real estate investment trust’s stock valued at $358,000 after purchasing an additional 660 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Highwoods Properties by 375.0% in the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 675 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of Highwoods Properties by 3.7% in the third quarter. M&T Bank Corp now owns 19,141 shares of the real estate investment trust’s stock valued at $642,000 after purchasing an additional 682 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Highwoods Properties by 26.1% in the fourth quarter. Venturi Wealth Management LLC now owns 4,111 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 851 shares in the last quarter. Institutional investors and hedge funds own 96.31% of the company’s stock.

Highwoods Properties Stock Performance

Shares of Highwoods Properties stock opened at $28.81 on Friday. The business’s fifty day simple moving average is $29.14 and its 200 day simple moving average is $31.21. The firm has a market capitalization of $3.10 billion, a P/E ratio of 30.32 and a beta of 1.25. Highwoods Properties, Inc. has a 12 month low of $23.52 and a 12 month high of $36.78. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.41.

Highwoods Properties (NYSE:HIW) last issued its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 EPS for the quarter, hitting analysts’ consensus estimates of $0.85. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. As a group, analysts anticipate that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date was Tuesday, February 18th. Highwoods Properties’s dividend payout ratio is currently 210.53%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HIW. Jefferies Financial Group began coverage on Highwoods Properties in a report on Monday, March 17th. They issued a “buy” rating and a $32.00 target price on the stock. StockNews.com upgraded Highwoods Properties from a “sell” rating to a “hold” rating in a report on Friday, March 14th. Mizuho raised their target price on Highwoods Properties from $24.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Truist Financial dropped their target price on Highwoods Properties from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Highwoods Properties presently has an average rating of “Hold” and a consensus price target of $30.86.

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.