New Mexico Educational Retirement Board Increases Stake in Highwoods Properties Inc (HIW)

New Mexico Educational Retirement Board grew its position in Highwoods Properties Inc (NYSE:HIW) by 80.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 25,535 shares of the real estate investment trust’s stock after acquiring an additional 11,422 shares during the period. New Mexico Educational Retirement Board’s holdings in Highwoods Properties were worth $1,300,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in shares of Highwoods Properties by 16.8% in the third quarter. Bank of New York Mellon Corp now owns 4,888,598 shares of the real estate investment trust’s stock worth $254,647,000 after buying an additional 703,562 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Highwoods Properties by 1.6% in the third quarter. JPMorgan Chase & Co. now owns 3,332,229 shares of the real estate investment trust’s stock worth $173,241,000 after buying an additional 53,973 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of Highwoods Properties by 4.7% in the third quarter. Macquarie Group Ltd. now owns 1,767,613 shares of the real estate investment trust’s stock worth $92,075,000 after buying an additional 80,064 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Highwoods Properties by 2.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,480,027 shares of the real estate investment trust’s stock worth $77,094,000 after buying an additional 39,697 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Highwoods Properties by 5.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,083,372 shares of the real estate investment trust’s stock worth $55,155,000 after buying an additional 52,988 shares during the last quarter. 95.19% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently commented on HIW shares. ValuEngine upgraded Highwoods Properties from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. Edward Jones downgraded Highwoods Properties from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. SunTrust Banks set a $51.00 target price on Highwoods Properties and gave the stock a “hold” rating in a research note on Monday, January 22nd. Stifel Nicolaus lowered their target price on Highwoods Properties from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Finally, Zacks Investment Research downgraded Highwoods Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Highwoods Properties has an average rating of “Hold” and an average price target of $51.50.

Shares of Highwoods Properties Inc (NYSE HIW) opened at $43.51 on Wednesday. Highwoods Properties Inc has a one year low of $41.83 and a one year high of $53.34. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $4,511.45, a PE ratio of 12.85, a PEG ratio of 4.29 and a beta of 0.74.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th will be given a dividend of $0.4625 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.85 dividend on an annualized basis and a yield of 4.25%. This is an increase from Highwoods Properties’s previous quarterly dividend of $0.44. Highwoods Properties’s dividend payout ratio is currently 104.52%.

In other Highwoods Properties news, 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 transaction of $51,700.00. Following the transaction, the director now owns 11,744 shares in the company, valued at $607,164.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the director now 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.

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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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Institutional Ownership by Quarter for Highwoods Properties (NYSE:HIW)

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