BlueCrest Capital Management Ltd bought a new position in Highwoods Properties, Inc. (NYSE:HIW) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 6,134 shares of the real estate investment trust’s stock, valued at approximately $311,000.
Other institutional investors have also recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Highwoods Properties by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,889 shares of the real estate investment trust’s stock worth $755,000 after purchasing an additional 38 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of Highwoods Properties by 4.1% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 3,161 shares of the real estate investment trust’s stock valued at $160,000 after buying an additional 124 shares in the last quarter. GAM Holding AG raised its position in shares of Highwoods Properties by 2.4% during the 2nd quarter. GAM Holding AG now owns 8,660 shares of the real estate investment trust’s stock valued at $439,000 after buying an additional 199 shares in the last quarter. World Asset Management Inc raised its position in shares of Highwoods Properties by 3.2% during the 2nd quarter. World Asset Management Inc now owns 6,433 shares of the real estate investment trust’s stock valued at $326,000 after buying an additional 200 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Highwoods Properties by 1.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,417 shares of the real estate investment trust’s stock valued at $561,000 after buying an additional 203 shares in the last quarter. 97.52% of the stock is owned by institutional investors.
Several analysts have recently issued reports on the stock. SunTrust Banks, Inc. set a $52.00 target price on shares of Highwoods Properties and gave the company a “hold” rating in a research report on Tuesday. BidaskClub cut shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Janney Montgomery Scott began coverage on shares of Highwoods Properties in a research note on Friday, September 8th. They issued a “neutral” rating on the stock. Finally, Bank of America Corporation upped their target price on shares of Highwoods Properties from $57.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, October 3rd. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Highwoods Properties has a consensus rating of “Hold” and a consensus price target of $54.80.
Highwoods Properties, Inc. (HIW) traded up 0.10% during trading on Friday, hitting $51.30. 447,700 shares of the stock were exchanged. The stock’s 50 day moving average price is $52.23 and its 200 day moving average price is $51.29. Highwoods Properties, Inc. has a 12 month low of $45.83 and a 12 month high of $53.34. The stock has a market cap of $5.30 billion, a P/E ratio of 40.91 and a beta of 0.89.
Highwoods Properties (NYSE:HIW) last issued its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.54. Highwoods Properties had a net margin of 22.02% and a return on equity of 7.09%. The business had revenue of $180.19 million for the quarter, compared to analysts’ expectations of $177.15 million. During the same period in the previous year, the business earned $0.82 earnings per share. The company’s revenue was up 8.4% on a year-over-year basis. Analysts forecast that Highwoods Properties, Inc. will post $1.26 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Monday, November 13th. Highwoods Properties’s dividend payout ratio is currently 119.73%.
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Highwoods Properties Company Profile
Highwoods Properties, Inc is an office real estate investment trust (REIT). The Company’s primary business is the operation, acquisition and development of office properties. The Company’s segments include Office and Other. The Company owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.
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