Oppenheimer & Co. Inc. Has $906,000 Holdings in Highwoods Properties, Inc. (NYSE:HIW)

Oppenheimer & Co. Inc. raised its position in Highwoods Properties, Inc. (NYSE:HIW) by 184.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 27,048 shares of the real estate investment trust’s stock after purchasing an additional 17,548 shares during the period. Oppenheimer & Co. Inc.’s holdings in Highwoods Properties were worth $906,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Abich Financial Wealth Management LLC lifted its holdings in Highwoods Properties by 45.5% in the first 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 period. Versant Capital Management Inc boosted its stake in Highwoods Properties by 141.3% during the second quarter. Versant Capital Management Inc now owns 2,073 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 1,214 shares in the last quarter. Pathway Financial Advisers LLC acquired a new stake in Highwoods Properties in the first quarter worth $107,000. Blue Trust Inc. increased its stake in Highwoods Properties by 269.8% in the third quarter. Blue Trust Inc. now owns 3,221 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 2,350 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of Highwoods Properties by 55.8% during the third quarter. Venturi Wealth Management LLC now owns 3,260 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 1,167 shares during the period. 96.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Robert W. Baird raised their target price on Highwoods Properties from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Truist Financial upped their target price on Highwoods Properties from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft downgraded shares of Highwoods Properties from a “buy” rating to a “hold” rating and lifted their price target for the company from $31.00 to $35.00 in a research report on Tuesday, October 1st. Finally, Wells Fargo & Company upped their price objective on shares of Highwoods Properties from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Highwoods Properties currently has an average rating of “Hold” and an average price target of $31.20.

Highwoods Properties Stock Up 0.2 %

HIW opened at $31.46 on Wednesday. Highwoods Properties, Inc. has a fifty-two week low of $17.58 and a fifty-two week high of $36.78. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.31 and a quick ratio of 1.31. The company’s 50-day moving average is $33.50 and its 200 day moving average is $30.05. The firm has a market capitalization of $3.34 billion, a P/E ratio of 23.48 and a beta of 1.26.

Highwoods Properties (NYSE:HIW) last announced its earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.74). The business had revenue of $204.30 million during the quarter, compared to analysts’ expectations of $204.96 million. Highwoods Properties had a return on equity of 6.05% and a net margin of 17.40%. Highwoods Properties’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 EPS. Research analysts expect that Highwoods Properties, Inc. will post 3.62 earnings per share for the current fiscal year.

Highwoods Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, November 18th. This represents a $2.00 annualized dividend and a yield of 6.36%. Highwoods Properties’s payout ratio is currently 149.25%.

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.