Axa S.A. Has $1.87 Million Stock Position in Highwoods Properties, Inc. (NYSE:HIW)

Axa S.A. cut its position in Highwoods Properties, Inc. (NYSE:HIW) by 42.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,126 shares of the real estate investment trust’s stock after selling 44,543 shares during the quarter. Axa S.A.’s holdings in Highwoods Properties were worth $1,869,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its position in shares of Highwoods Properties by 375.0% during the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 675 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Highwoods Properties by 124.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,434 shares of the real estate investment trust’s stock worth $73,000 after acquiring an additional 1,351 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Highwoods Properties by 363.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,972 shares of the real estate investment trust’s stock worth $91,000 after acquiring an additional 2,331 shares during the period. FIL Ltd raised its stake in Highwoods Properties by 26.8% during the 4th quarter. FIL Ltd now owns 3,744 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 791 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in Highwoods Properties by 26.1% in the 4th quarter. Venturi Wealth Management LLC now owns 4,111 shares of the real estate investment trust’s stock worth $126,000 after purchasing an additional 851 shares during the last quarter. Institutional investors own 96.31% of the company’s stock.

Highwoods Properties Stock Performance

Shares of NYSE:HIW opened at $29.49 on Friday. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 31.04 and a beta of 1.20. The business’s fifty day moving average price is $28.22 and its two-hundred day moving average price is $29.94. Highwoods Properties, Inc. has a fifty-two week low of $24.07 and a fifty-two week high of $36.78. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.25 and a quick ratio of 1.25.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. The firm had revenue of $200.38 million for the quarter, compared to analyst estimates of $201.31 million. During the same period in the previous year, the business earned $0.89 earnings per share. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. As a group, analysts predict that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.

Highwoods Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.78%. The ex-dividend date is Monday, May 19th. Highwoods Properties’s dividend payout ratio is currently 124.22%.

Analyst Ratings Changes

HIW has been the subject of several research reports. Truist Financial reduced their target price on shares of Highwoods Properties from $33.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. StockNews.com raised Highwoods Properties from a “sell” rating to a “hold” rating in a report on Wednesday, April 30th. Finally, Jefferies Financial Group started coverage on Highwoods Properties in a research report on Monday, March 17th. They issued a “buy” rating and a $32.00 target price for the company. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Highwoods Properties currently has an average rating of “Hold” and an average target price of $32.50.

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.