Private Advisor Group LLC Buys New Shares in Highwoods Properties, Inc. (NYSE:HIW)

Private Advisor Group LLC bought a new stake in Highwoods Properties, Inc. (NYSE:HIWFree Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 12,198 shares of the real estate investment trust’s stock, valued at approximately $251,000.

Other large investors have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC raised its stake in shares of Highwoods Properties by 34.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 62,902 shares of the real estate investment trust’s stock worth $1,504,000 after buying an additional 16,227 shares during the period. Quantinno Capital Management LP grew its holdings in Highwoods Properties by 141.7% in the 2nd quarter. Quantinno Capital Management LP now owns 54,980 shares of the real estate investment trust’s stock valued at $1,315,000 after buying an additional 32,230 shares in the last quarter. Strs Ohio grew its holdings in Highwoods Properties by 65.0% in the 3rd quarter. Strs Ohio now owns 286,598 shares of the real estate investment trust’s stock valued at $5,906,000 after buying an additional 112,904 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its stake in shares of Highwoods Properties by 60.1% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 68,941 shares of the real estate investment trust’s stock valued at $1,648,000 after purchasing an additional 25,874 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Highwoods Properties by 5.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,667,450 shares of the real estate investment trust’s stock worth $39,869,000 after acquiring an additional 87,705 shares in the last quarter. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Highwoods Properties Price Performance

HIW opened at $21.65 on Wednesday. The stock has a fifty day moving average of $22.39 and a 200-day moving average of $21.66. The firm has a market capitalization of $2.29 billion, a P/E ratio of 16.78 and a beta of 1.22. Highwoods Properties, Inc. has a 12-month low of $17.06 and a 12-month high of $30.32. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.32.

Highwoods Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 9.24%. The ex-dividend date of this dividend is Friday, February 16th. Highwoods Properties’s dividend payout ratio (DPR) is presently 155.04%.

Analyst Ratings Changes

A number of research analysts have recently commented on HIW shares. Bank of America downgraded Highwoods Properties from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $29.00 to $20.00 in a report on Monday, November 13th. Deutsche Bank Aktiengesellschaft began coverage on Highwoods Properties in a research note on Tuesday, January 30th. They set a “buy” rating and a $28.00 price target on the stock. Mizuho reduced their price target on Highwoods Properties from $31.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, October 18th. Truist Financial reduced their price objective on Highwoods Properties from $35.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, November 21st. Finally, Morgan Stanley downgraded Highwoods Properties from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $22.00 to $18.00 in a research report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $23.57.

Read Our Latest Stock Analysis on HIW

About Highwoods Properties

(Free Report)

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.

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

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