Ellington Management Group LLC Invests $433,000 in Highwoods Properties, Inc. (HIW) Stock

Ellington Management Group LLC purchased a new stake in Highwoods Properties, Inc. (NYSE:HIW) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,500 shares of the real estate investment trust’s stock, valued at approximately $433,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Wealthstreet Investment Advisors LLC acquired a new position in Highwoods Properties during the 4th quarter worth approximately $204,000. Advisor Group Inc. grew its holdings in Highwoods Properties by 470.8% during the 4th quarter. Advisor Group Inc. now owns 4,452 shares of the real estate investment trust’s stock worth $227,000 after acquiring an additional 3,672 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new position in Highwoods Properties during the 4th quarter worth approximately $253,000. Public Employees Retirement Association of Colorado grew its holdings in Highwoods Properties by 74.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 5,574 shares of the real estate investment trust’s stock worth $284,000 after acquiring an additional 2,375 shares in the last quarter. Finally, Signition LP acquired a new position in Highwoods Properties during the 4th quarter worth approximately $337,000. 96.55% of the stock is currently owned by institutional investors and hedge funds.

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Highwoods Properties stock traded down $0.50 during trading hours on Friday, reaching $43.35. 580,366 shares of the stock were exchanged, compared to its average volume of 623,484. The company has a market cap of $4,529.01, a P/E ratio of 13.22, a PEG ratio of 4.34 and a beta of 0.74. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.40 and a current ratio of 1.40. Highwoods Properties, Inc. has a 52-week low of $41.34 and a 52-week high of $53.34.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings data on Tuesday, February 6th. The real estate investment trust reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.28). Highwoods Properties had a return on equity of 8.46% and a net margin of 26.20%. The firm had revenue of $175.86 million for the quarter, compared to analysts’ expectations of $177.14 million. equities analysts predict that Highwoods Properties, Inc. will post 3.42 earnings per share for the current year.

Several brokerages have recently weighed in on HIW. ValuEngine upgraded shares of Highwoods Properties from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. SunTrust Banks upgraded shares of Highwoods Properties from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Friday, March 9th. They noted that the move was a valuation call. Stifel Nicolaus reduced their price objective on shares of Highwoods Properties from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Finally, Zacks Investment Research downgraded shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $51.67.

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Highwoods Properties Company Profile

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (?REIT?) and a member of the S&P MidCap 400 Index. The Company is a fully-integrated office REIT that 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.

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

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