Marshall Wace North America L.P. acquired a new position in shares of Highwoods Properties, Inc. (NYSE:HIW) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,014 shares of the real estate investment trust’s stock, valued at approximately $511,000.
A number of other large investors have also recently made changes to their positions in HIW. Independent Portfolio Consultants Inc. raised its holdings in Highwoods Properties by 17.5% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,743 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 408 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Highwoods Properties by 13.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,083 shares of the real estate investment trust’s stock worth $151,000 after purchasing an additional 369 shares during the last quarter. Public Employees Retirement Association of Colorado raised its holdings in Highwoods Properties by 4.1% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 3,161 shares of the real estate investment trust’s stock worth $160,000 after purchasing an additional 124 shares during the last quarter. Two Sigma Securities LLC bought a new stake in Highwoods Properties during the 1st quarter worth about $210,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in Highwoods Properties during the 1st quarter worth about $255,000. 98.35% of the stock is owned by hedge funds and other institutional investors.
In other Highwoods Properties news, COO Theodore J. Klinck sold 10,000 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $52.51, for a total value of $525,100.00. Following the completion of the transaction, the chief operating officer now directly owns 63,194 shares in the company, valued at $3,318,316.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by company insiders.
Several analysts have weighed in on the company. BidaskClub cut Highwoods Properties from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Janney Montgomery Scott assumed coverage on Highwoods Properties in a report on Friday, September 8th. They set a “neutral” rating for the company. Finally, ValuEngine cut Highwoods Properties from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Highwoods Properties presently has an average rating of “Hold” and an average target price of $55.00.
Highwoods Properties, Inc. (NYSE:HIW) opened at 51.82 on Wednesday. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 41.32 and a beta of 0.88. The stock’s 50 day moving average price is $51.16 and its 200 day moving average price is $50.83. Highwoods Properties, Inc. has a 52-week low of $45.83 and a 52-week high of $53.26.
Highwoods Properties (NYSE:HIW) last posted its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.90 EPS for the quarter, beating the consensus estimate of $0.31 by $0.59. The firm had revenue of $177.28 million during the quarter, compared to the consensus estimate of $172.28 million. Highwoods Properties had a return on equity of 5.96% and a net margin of 18.79%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the company earned $0.32 earnings per share. On average, equities analysts anticipate that Highwoods Properties, Inc. will post $1.22 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Monday, August 14th were given a $0.44 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $1.76 annualized dividend and a yield of 3.40%. Highwoods Properties’s dividend payout ratio is presently 141.94%.
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.
Receive News & Ratings for Highwoods Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Highwoods Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.