Public Employees Retirement System of Ohio grew its holdings in Highwoods Properties Inc (NYSE:HIW) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 162,667 shares of the real estate investment trust’s stock after purchasing an additional 2,709 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.16% of Highwoods Properties worth $8,473,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of HIW. Public Employees Retirement Association of Colorado grew its position in 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 worth $160,000 after purchasing an additional 124 shares during the last quarter. Ray Gerald L & Associates Ltd. purchased a new stake in Highwoods Properties during the 2nd quarter worth approximately $203,000. Tudor Investment Corp ET AL purchased a new stake in Highwoods Properties during the 2nd quarter worth approximately $207,000. Parametrica Management Ltd purchased a new stake in Highwoods Properties during the 3rd quarter worth approximately $288,000. Finally, Oppenheimer Asset Management Inc. lifted its stake in Highwoods Properties by 10.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,737 shares of the real estate investment trust’s stock valued at $291,000 after acquiring an additional 537 shares during the period. Institutional investors and hedge funds own 96.31% of the company’s stock.
HIW has been the subject of several research reports. Bank of America lifted their price objective on shares of Highwoods Properties from $57.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, October 3rd. SunTrust Banks set a $52.00 price objective on shares of Highwoods Properties and gave the company a “hold” rating in a research note on Tuesday, October 24th. Edward Jones cut shares of Highwoods Properties from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Finally, ValuEngine upgraded shares of Highwoods Properties from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $54.80.
In other Highwoods Properties news, Director Sherry A. Kellett sold 1,000 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $51.70, for a total transaction of $51,700.00. Following the completion of the transaction, the director now owns 11,744 shares of the company’s stock, valued at $607,164.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sherry A. Kellett sold 2,000 shares of the stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $50.64, for a total transaction of $101,280.00. Following the sale, the director now directly owns 13,744 shares in the company, valued at approximately $695,996.16. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.
Highwoods Properties Inc (HIW) traded down $0.41 during trading hours on Friday, reaching $47.66. 316,039 shares of the company’s stock were exchanged, compared to its average volume of 597,705. Highwoods Properties Inc has a 52 week low of $47.62 and a 52 week high of $53.34. The firm has a market capitalization of $4,920.00, a PE ratio of 33.10, a PEG ratio of 2.98 and a beta of 0.87. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.20 and a quick ratio of 1.20.
Highwoods Properties (NYSE:HIW) last released its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 during the quarter, compared to analyst estimates of $177.15 million. During the same quarter in the prior year, the firm earned $0.82 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. equities research analysts predict that Highwoods Properties Inc will post 3.38 earnings per share for the current year.
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About Highwoods Properties
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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