Daiwa Securities Group Inc. Purchases 9,397 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Daiwa Securities Group Inc. boosted its position in shares of Highwoods Properties, Inc. (NYSE:HIW) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,328,382 shares of the real estate investment trust’s stock after buying an additional 9,397 shares during the period. Daiwa Securities Group Inc.’s holdings in Highwoods Properties were worth $53,459,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Highwoods Properties by 5.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,989 shares of the real estate investment trust’s stock valued at $941,000 after buying an additional 2,241 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Highwoods Properties by 6.9% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 124,710 shares of the real estate investment trust’s stock valued at $2,863,000 after purchasing an additional 8,007 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Highwoods Properties in the 4th quarter valued at approximately $1,215,000. International Assets Investment Management LLC bought a new stake in shares of Highwoods Properties in the 4th quarter valued at approximately $31,000. Finally, Quent Capital LLC lifted its stake in shares of Highwoods Properties by 875.4% in the 4th quarter. Quent Capital LLC now owns 4,721 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 4,237 shares during the last quarter. 96.31% of the stock is owned by institutional investors.

Highwoods Properties Trading Up 0.5 %

Shares of HIW stock traded up $0.13 on Wednesday, reaching $23.81. 695,770 shares of the company’s stock were exchanged, compared to its average volume of 1,296,850. Highwoods Properties, Inc. has a 52 week low of $17.06 and a 52 week high of $26.27. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $2.52 billion, a PE ratio of 17.04 and a beta of 1.23. The company’s fifty day simple moving average is $24.47 and its 200 day simple moving average is $22.06.

Highwoods Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.40%. The ex-dividend date of this dividend was Friday, February 16th. Highwoods Properties’s dividend payout ratio is currently 143.89%.

Analyst Upgrades and Downgrades

HIW has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Highwoods Properties in a research note on Tuesday, January 30th. They issued a “buy” rating and a $28.00 price objective for the company. Robert W. Baird raised their price objective on Highwoods Properties from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Truist Financial raised their price objective on Highwoods Properties from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Finally, Morgan Stanley raised their price objective on Highwoods Properties from $18.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, March 28th. One research 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $24.38.

Highwoods Properties Company Profile

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.