Two Sigma Investments LP reduced its stake in shares of Highwoods Properties, Inc. (NYSE:HIW) by 81.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,033 shares of the real estate investment trust’s stock after selling 95,619 shares during the quarter. Two Sigma Investments LP’s holdings in Highwoods Properties were worth $1,122,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Two Sigma Advisers LP boosted its stake in shares of Highwoods Properties by 4.3% during the fourth quarter. Two Sigma Advisers LP now owns 127,300 shares of the real estate investment trust’s stock valued at $6,481,000 after purchasing an additional 5,283 shares during the period. Ellington Management Group LLC purchased a new stake in shares of Highwoods Properties during the fourth quarter valued at $433,000. Goldman Sachs Group Inc. boosted its stake in shares of Highwoods Properties by 24.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 806,247 shares of the real estate investment trust’s stock valued at $41,046,000 after purchasing an additional 160,181 shares during the period. Guggenheim Capital LLC boosted its stake in shares of Highwoods Properties by 5.1% during the fourth quarter. Guggenheim Capital LLC now owns 123,338 shares of the real estate investment trust’s stock valued at $6,279,000 after purchasing an additional 6,013 shares during the period. Finally, Deutsche Bank AG boosted its stake in shares of Highwoods Properties by 113.6% during the fourth quarter. Deutsche Bank AG now owns 802,754 shares of the real estate investment trust’s stock valued at $40,866,000 after purchasing an additional 426,904 shares during the period. 96.55% of the stock is owned by hedge funds and other institutional investors.
HIW stock opened at $43.35 on Friday. 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 stock has a market capitalization of $4,477.36, a P/E ratio of 12.75, a PEG ratio of 4.29 and a beta of 0.74. Highwoods Properties, Inc. has a 1-year low of $41.34 and a 1-year high of $53.34.
Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, February 6th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.28). The firm had revenue of $175.86 million during the quarter, compared to the consensus estimate of $177.14 million. Highwoods Properties had a net margin of 26.20% and a return on equity of 8.46%. sell-side analysts anticipate that Highwoods Properties, Inc. will post 3.42 EPS for the current fiscal year.
HIW has been the subject of a number of recent analyst reports. ValuEngine lowered shares of Highwoods Properties from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. SunTrust Banks upgraded Highwoods Properties from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Friday, March 9th. They noted that the move was a valuation call. Zacks Investment Research downgraded Highwoods Properties from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. Finally, Stifel Nicolaus decreased their price objective on Highwoods Properties from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average 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.
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