Dupont Capital Management Corp lessened its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW) by 74.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,258 shares of the real estate investment trust’s stock after selling 29,502 shares during the quarter. Dupont Capital Management Corp’s holdings in Highwoods Properties were worth $534,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Public Employees Retirement Association of Colorado boosted its position in shares of 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 valued at $160,000 after acquiring an additional 124 shares during the last quarter. Ray Gerald L & Associates Ltd. bought a new stake in shares of Highwoods Properties during the 2nd quarter valued at about $203,000. Tudor Investment Corp ET AL bought a new stake in shares of Highwoods Properties during the 2nd quarter valued at about $207,000. Denver Investment Advisors LLC bought a new stake in shares of Highwoods Properties during the 2nd quarter valued at about $260,000. Finally, Parametrica Management Ltd bought a new stake in shares of Highwoods Properties during the 3rd quarter valued at about $288,000. Hedge funds and other institutional investors own 97.18% of the company’s stock.
Highwoods Properties, Inc. (NYSE:HIW) opened at $51.74 on Monday. The firm has a market capitalization of $5,342.10, a PE ratio of 15.31, a P/E/G ratio of 3.35 and a beta of 0.88. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.90. Highwoods Properties, Inc. has a 1-year low of $45.92 and a 1-year high of $53.34.
Highwoods Properties (NYSE:HIW) last announced its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.54. The company had revenue of $180.19 million for the quarter, compared to analysts’ expectations of $177.15 million. Highwoods Properties had a return on equity of 7.09% and a net margin of 22.02%. Highwoods Properties’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the firm posted $0.82 EPS. research analysts anticipate that Highwoods Properties, Inc. will post 3.38 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th will be paid a $0.44 dividend. The ex-dividend date is Monday, November 13th. This represents a $1.76 dividend on an annualized basis and a yield of 3.40%. Highwoods Properties’s dividend payout ratio (DPR) is currently 119.73%.
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A number of equities analysts recently weighed in on HIW shares. Bank of America Corporation raised their price objective on Highwoods Properties from $57.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, October 3rd. Edward Jones cut Highwoods Properties from a “buy” rating to a “hold” rating in a report on Monday, November 6th. SunTrust Banks, Inc. set a $52.00 price objective on Highwoods Properties and gave the company a “hold” rating in a report on Tuesday, October 24th. BidaskClub raised Highwoods Properties from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Finally, Janney Montgomery Scott started coverage on Highwoods Properties in a report on Friday, September 8th. They set a “neutral” rating on the stock. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Highwoods Properties currently has an average rating of “Hold” and a consensus target price of $54.80.
Highwoods Properties 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.
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