Pensionfund DSM Netherlands Has $606,000 Holdings in Highwoods Properties, Inc. (NYSE:HIW)

Pensionfund DSM Netherlands lowered its stake in Highwoods Properties, Inc. (NYSE:HIW) by 20.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,802 shares of the real estate investment trust’s stock after selling 5,000 shares during the quarter. Pensionfund DSM Netherlands’ holdings in Highwoods Properties were worth $606,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Versant Capital Management Inc increased its position in shares of Highwoods Properties by 12.0% during the 4th quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 327 shares during the last quarter. DGS Capital Management LLC acquired a new position in Highwoods Properties during the third quarter worth $208,000. Franklin Resources Inc. increased its holdings in Highwoods Properties by 40.9% during the third quarter. Franklin Resources Inc. now owns 3,130,452 shares of the real estate investment trust’s stock worth $107,155,000 after buying an additional 908,401 shares during the last quarter. Geode Capital Management LLC raised its position in Highwoods Properties by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,902,036 shares of the real estate investment trust’s stock worth $63,754,000 after acquiring an additional 12,958 shares in the last quarter. Finally, M&T Bank Corp lifted its stake in 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 acquiring an additional 682 shares during the last quarter. Institutional investors and hedge funds own 96.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on HIW shares. Jefferies Financial Group lowered their price objective on shares of Highwoods Properties from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday. Robert W. Baird boosted their price target on Highwoods Properties from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut 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. Finally, Wells Fargo & Company boosted their target price on Highwoods Properties from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $31.17.

Highwoods Properties Stock Performance

NYSE:HIW traded down $0.09 during mid-day trading on Monday, hitting $30.69. 26,262 shares of the stock were exchanged, compared to its average volume of 518,032. The firm’s 50-day simple moving average is $31.76 and its 200 day simple moving average is $31.25. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 22.90 and a beta of 1.24. Highwoods Properties, Inc. has a fifty-two week low of $21.37 and a fifty-two week high of $36.78. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.31 and a current ratio of 1.31.

Highwoods Properties (NYSE:HIW) last announced its earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.14 earnings per share (EPS) 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 the consensus estimate of $204.96 million. Highwoods Properties had a net margin of 17.40% and a return on equity of 6.05%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.93 EPS. As a group, equities analysts anticipate that Highwoods Properties, Inc. will post 3.62 EPS for the current fiscal year.

Highwoods Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $2.00 annualized dividend and a yield of 6.52%. Highwoods Properties’s dividend payout ratio is 149.25%.

Highwoods Properties 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.