Nisa Investment Advisors LLC boosted its position in shares of Highwoods Properties Inc (NYSE:HIW) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,200 shares of the real estate investment trust’s stock after buying an additional 3,000 shares during the period. Nisa Investment Advisors LLC owned approximately 0.05% of Highwoods Properties worth $2,658,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in HIW. Tudor Investment Corp ET AL bought a new position in Highwoods Properties during the second quarter valued at approximately $207,000. Parametrica Management Ltd bought a new stake in shares of Highwoods Properties in the 3rd quarter valued at approximately $288,000. Janus Henderson Group PLC bought a new stake in shares of Highwoods Properties in the 2nd quarter valued at approximately $295,000. BlueCrest Capital Management Ltd bought a new stake in shares of Highwoods Properties in the 2nd quarter valued at approximately $311,000. Finally, Shelton Capital Management bought a new stake in shares of Highwoods Properties in the 2nd quarter valued at approximately $382,000. 96.55% of the stock is owned by institutional investors.
Shares of Highwoods Properties Inc (HIW) opened at $47.84 on Friday. The stock has a market capitalization of $4,903.29, a P/E ratio of 14.05, a PEG ratio of 2.95 and a beta of 0.87. Highwoods Properties Inc has a one year low of $47.39 and a one year high of $53.34. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.90.
Highwoods Properties (NYSE:HIW) last posted its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.54. The business had revenue of $180.19 million during the quarter, compared to analyst estimates of $177.15 million. Highwoods Properties had a return on equity of 7.09% and a net margin of 22.02%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the company earned $0.82 EPS. sell-side analysts predict that Highwoods Properties Inc will post 3.38 earnings per share for the current fiscal year.
In other news, Director Sherry A. Kellett sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $50.64, for a total value of $101,280.00. Following the sale, the director now directly owns 13,744 shares in the company, valued at $695,996.16. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Sherry A. Kellett sold 1,000 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $51.70, for a total value of $51,700.00. Following the completion of the sale, the director now owns 11,744 shares in the company, valued at $607,164.80. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.
Several equities research analysts have recently issued reports on the company. ValuEngine raised Highwoods Properties from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. Bank of America raised their price objective on Highwoods Properties from $57.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, October 3rd. Edward Jones lowered Highwoods Properties from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Finally, SunTrust Banks set a $52.00 price objective on Highwoods Properties and gave the company a “hold” rating in a research note on Tuesday, October 24th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Highwoods Properties currently has a consensus rating of “Hold” and a consensus price target of $54.80.
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Highwoods Properties 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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