Highwoods Properties, Inc. (NYSE:HIW) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lessened its stake in Highwoods Properties, Inc. (NYSE:HIW) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,156,943 shares of the real estate investment trust’s stock after selling 42,954 shares during the period. Daiwa Securities Group Inc.’s holdings in Highwoods Properties were worth $65,959,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HIW. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Highwoods Properties in the third quarter valued at approximately $259,000. Van ECK Associates Corp increased its stake in Highwoods Properties by 10.7% in the 3rd quarter. Van ECK Associates Corp now owns 19,856 shares of the real estate investment trust’s stock valued at $710,000 after buying an additional 1,914 shares during the period. QRG Capital Management Inc. raised its position in Highwoods Properties by 7.7% during the 3rd quarter. QRG Capital Management Inc. now owns 25,099 shares of the real estate investment trust’s stock worth $841,000 after buying an additional 1,795 shares during the last quarter. Assetmark Inc. raised its position in Highwoods Properties by 5.7% during the 3rd quarter. Assetmark Inc. now owns 9,254 shares of the real estate investment trust’s stock worth $310,000 after buying an additional 495 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new stake in shares of Highwoods Properties in the 3rd quarter worth $2,085,000. 96.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on HIW shares. Truist Financial dropped their price target on shares of Highwoods Properties from $33.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Mizuho increased their target price on Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Jefferies Financial Group decreased their price target on Highwoods Properties from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, January 2nd. Finally, StockNews.com upgraded Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.71.

Highwoods Properties Stock Up 3.4 %

Highwoods Properties stock opened at $29.45 on Monday. Highwoods Properties, Inc. has a fifty-two week low of $23.52 and a fifty-two week high of $36.78. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 31.00 and a beta of 1.25. The stock’s fifty day moving average is $29.37 and its two-hundred day moving average is $31.43. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.25 and a current ratio of 1.25.

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

Highwoods Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.00 annualized dividend and a dividend yield of 6.79%. Highwoods Properties’s dividend payout ratio is currently 210.53%.

Highwoods Properties 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.