Verition Fund Management LLC Decreases Stock Position in Highwoods Properties, Inc. (NYSE:HIW)

Verition Fund Management LLC cut its holdings in Highwoods Properties, Inc. (NYSE:HIWGet Rating) by 15.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 13,871 shares of the real estate investment trust’s stock after selling 2,461 shares during the quarter. Verition Fund Management LLC’s holdings in Highwoods Properties were worth $634,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Verdence Capital Advisors LLC raised its stake in Highwoods Properties by 3.7% in the first quarter. Verdence Capital Advisors LLC now owns 7,500 shares of the real estate investment trust’s stock valued at $343,000 after buying an additional 265 shares during the last quarter. Silvercrest Asset Management Group LLC raised its stake in Highwoods Properties by 0.9% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 36,519 shares of the real estate investment trust’s stock valued at $1,628,000 after buying an additional 313 shares during the last quarter. FourThought Financial LLC raised its stake in Highwoods Properties by 38.6% in the first quarter. FourThought Financial LLC now owns 1,265 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 352 shares during the last quarter. Parallel Advisors LLC raised its stake in Highwoods Properties by 157.1% in the first quarter. Parallel Advisors LLC now owns 599 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 366 shares during the last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in Highwoods Properties by 1.5% in the first quarter. Ameritas Investment Partners Inc. now owns 28,020 shares of the real estate investment trust’s stock valued at $1,282,000 after buying an additional 416 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Highwoods Properties Stock Down 1.4 %

Shares of HIW stock opened at $28.39 on Friday. The stock has a 50 day moving average of $32.62 and a 200 day moving average of $37.38. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.12. The stock has a market cap of $2.99 billion, a P/E ratio of 10.40 and a beta of 1.10. Highwoods Properties, Inc. has a twelve month low of $28.16 and a twelve month high of $47.66.

Highwoods Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Monday, August 22nd were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 7.04%. The ex-dividend date of this dividend was Friday, August 19th. Highwoods Properties’s dividend payout ratio is currently 73.26%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wells Fargo & Company decreased their price target on Highwoods Properties from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Tuesday, August 30th. TheStreet cut Highwoods Properties from a “b-” rating to a “c+” rating in a research note on Friday, June 17th. Mizuho reduced their price objective on Highwoods Properties from $46.00 to $37.00 and set a “neutral” rating for the company in a research note on Wednesday, July 6th. Credit Suisse Group started coverage on Highwoods Properties in a research note on Wednesday, June 22nd. They issued a “neutral” rating and a $34.00 price objective for the company. Finally, Jefferies Financial Group cut Highwoods Properties from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $46.00 to $35.00 in a research note on Thursday, June 30th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.57.

Highwoods Properties Company Profile

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Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (REIT) and a member of the S&P MidCap 400 Index. Highwoods is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.

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Institutional Ownership by Quarter for Highwoods Properties (NYSE:HIW)

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