Highwoods Properties, Inc. (NYSE:HIW) Shares Bought by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. grew its stake in Highwoods Properties, Inc. (NYSE:HIW) by 0.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,650,541 shares of the real estate investment trust’s stock after purchasing an additional 6,655 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 3.39% of Highwoods Properties worth $111,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Highwoods Properties during the 4th quarter valued at about $32,727,000. Aew Capital Management L P acquired a new stake in Highwoods Properties during the fourth quarter worth $31,250,000. Franklin Resources Inc. increased its stake in Highwoods Properties by 40.9% during the third quarter. Franklin Resources Inc. now owns 3,130,452 shares of the real estate investment trust’s stock worth $107,155,000 after acquiring an additional 908,401 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Highwoods Properties by 20.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,265,824 shares of the real estate investment trust’s stock valued at $99,869,000 after purchasing an additional 556,828 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its position in Highwoods Properties by 55.9% in the fourth quarter. Allianz Asset Management GmbH now owns 1,267,553 shares of the real estate investment trust’s stock valued at $38,762,000 after buying an additional 454,670 shares during the last quarter. Institutional investors and hedge funds own 96.31% of the company’s stock.

Highwoods Properties Stock Performance

Shares of HIW opened at $28.29 on Friday. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 29.78 and a beta of 1.15. Highwoods Properties, Inc. has a 52-week low of $24.07 and a 52-week high of $36.78. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.41. The stock has a 50 day moving average price of $28.27 and a 200 day moving average price of $30.34.

Highwoods Properties (NYSE:HIW) last issued its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. Research analysts predict that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.

Highwoods Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 7.07%. The ex-dividend date of this dividend is Monday, May 19th. Highwoods Properties’s dividend payout ratio (DPR) is presently 210.53%.

Analyst Ratings Changes

A number of analysts have issued reports on HIW shares. Mizuho boosted their target price on Highwoods Properties from $24.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Jefferies Financial Group assumed coverage on shares of Highwoods Properties in a research note on Monday, March 17th. They issued a “buy” rating and a $32.00 price target for the company. StockNews.com cut Highwoods Properties from a “hold” rating to a “sell” rating in a research note on Thursday, April 3rd. Finally, Truist Financial lowered their price objective on Highwoods Properties from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $32.50.

About Highwoods Properties

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.