Jump Trading LLC acquired a new stake in shares of Highwoods Properties Inc (NYSE:HIW) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 8,690 shares of the real estate investment trust’s stock, valued at approximately $442,000.
Other institutional investors also recently bought and sold shares of the company. Aurora Investment Counsel purchased a new stake in shares of Highwoods Properties during the 4th quarter valued at $2,069,000. Legal & General Group Plc raised its position in shares of Highwoods Properties by 9.7% during the 3rd quarter. Legal & General Group Plc now owns 371,232 shares of the real estate investment trust’s stock valued at $19,338,000 after buying an additional 32,695 shares in the last quarter. Bank of Montreal Can raised its position in shares of Highwoods Properties by 1.2% during the 4th quarter. Bank of Montreal Can now owns 784,753 shares of the real estate investment trust’s stock valued at $39,951,000 after buying an additional 9,120 shares in the last quarter. New Mexico Educational Retirement Board raised its position in shares of Highwoods Properties by 80.9% during the 4th quarter. New Mexico Educational Retirement Board now owns 25,535 shares of the real estate investment trust’s stock valued at $1,300,000 after buying an additional 11,422 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in Highwoods Properties by 3.6% in the 3rd quarter. New York State Common Retirement Fund now owns 227,700 shares of the real estate investment trust’s stock worth $11,861,000 after purchasing an additional 8,000 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.
A number of equities analysts recently commented on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $46.00 target price (down previously from $50.00) on shares of Highwoods Properties in a research report on Tuesday, March 13th. SunTrust Banks upgraded shares of Highwoods Properties from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research report on Friday, March 9th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th. Finally, ValuEngine cut shares of Highwoods Properties from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $51.67.
Highwoods Properties Inc (HIW) opened at $43.66 on Tuesday. The company has a market cap of $4,543.47, a price-to-earnings ratio of 12.94, a P/E/G ratio of 4.36 and a beta of 0.80. Highwoods Properties Inc has a 52-week low of $41.83 and a 52-week high of $53.34. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.40 and a quick ratio of 1.40.
Highwoods Properties (NYSE:HIW) last issued its earnings results on Tuesday, February 6th. The real estate investment trust reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.28). The business had revenue of $175.86 million during the quarter, compared to analysts’ expectations of $177.14 million. Highwoods Properties had a return on equity of 8.46% and a net margin of 26.20%. analysts forecast that Highwoods Properties Inc will post 3.42 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th were issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date was Friday, February 16th. This is a positive change from Highwoods Properties’s previous quarterly dividend of $0.44. Highwoods Properties’s dividend payout ratio (DPR) is 104.52%.
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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.
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