Highwoods Properties, Inc. (HIW) Shares Bought by State of Tennessee Treasury Department

State of Tennessee Treasury Department lifted its stake in shares of Highwoods Properties, Inc. (NYSE:HIW) by 53.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 115,400 shares of the real estate investment trust’s stock after buying an additional 40,000 shares during the quarter. State of Tennessee Treasury Department owned about 0.11% of Highwoods Properties worth $6,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in HIW. Public Employees Retirement Association of Colorado increased its position in shares of Highwoods Properties by 4.1% during the second quarter. Public Employees Retirement Association of Colorado now owns 3,161 shares of the real estate investment trust’s stock valued at $160,000 after buying an additional 124 shares during the period. Ray Gerald L & Associates Ltd. purchased a new position in shares of Highwoods Properties during the second quarter valued at about $203,000. Tudor Investment Corp ET AL purchased a new position in shares of Highwoods Properties during the second quarter valued at about $207,000. Denver Investment Advisors LLC purchased a new position in shares of Highwoods Properties during the second quarter valued at about $260,000. Finally, Parametrica Management Ltd purchased a new position in shares of Highwoods Properties during the third quarter valued at about $288,000. Institutional investors own 97.18% of the company’s stock.

Highwoods Properties, Inc. (NYSE:HIW) opened at $51.70 on Tuesday. The stock has a market cap of $5,342.10, a P/E ratio of 15.31, a PEG ratio of 3.35 and a beta of 0.88. Highwoods Properties, Inc. has a 52 week low of $46.39 and a 52 week high of $53.34. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.90.

Highwoods Properties (NYSE:HIW) last issued its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.54. The firm had revenue of $180.19 million for the quarter, compared to the consensus estimate of $177.15 million. Highwoods Properties had a net margin of 22.02% and a return on equity of 7.09%. The business’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.82 earnings per share. research analysts forecast that Highwoods Properties, Inc. will post 3.38 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Monday, November 13th. This represents a $1.76 annualized dividend and a dividend yield of 3.40%. Highwoods Properties’s dividend payout ratio is presently 119.73%.

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Several research firms recently commented on HIW. Bank of America Corporation boosted their price objective on shares of Highwoods Properties from $57.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, October 3rd. Janney Montgomery Scott began coverage on shares of Highwoods Properties in a research note on Friday, September 8th. They set a “neutral” rating on the stock. Edward Jones lowered shares of Highwoods Properties from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. BidaskClub raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Finally, SunTrust Banks, Inc. set a $52.00 price objective on shares of Highwoods Properties and gave the stock a “hold” rating in a research note on Tuesday, October 24th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Highwoods Properties has a consensus rating of “Hold” and a consensus price target of $54.80.

About Highwoods Properties

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.

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

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