Russell Investments Group Ltd. Purchases 3,658 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Russell Investments Group Ltd. increased its position in shares of Highwoods Properties, Inc. (NYSE:HIW) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 697,672 shares of the real estate investment trust’s stock after acquiring an additional 3,658 shares during the quarter. Russell Investments Group Ltd. owned about 0.66% of Highwoods Properties worth $16,079,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of HIW. Raymond James & Associates boosted its position in shares of Highwoods Properties by 4.1% in the 4th quarter. Raymond James & Associates now owns 13,731 shares of the real estate investment trust’s stock worth $315,000 after purchasing an additional 536 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Highwoods Properties by 6.1% in the third quarter. PNC Financial Services Group Inc. now owns 12,369 shares of the real estate investment trust’s stock worth $255,000 after acquiring an additional 716 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Highwoods Properties by 1.3% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 62,573 shares of the real estate investment trust’s stock worth $1,290,000 after acquiring an additional 821 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Highwoods Properties by 4.1% during the third quarter. Commonwealth Equity Services LLC now owns 23,918 shares of the real estate investment trust’s stock valued at $493,000 after acquiring an additional 937 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Highwoods Properties by 3.1% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 31,423 shares of the real estate investment trust’s stock valued at $648,000 after purchasing an additional 943 shares during the last quarter. 96.31% of the stock is owned by hedge funds and other institutional investors.

Highwoods Properties Trading Up 0.5 %

Highwoods Properties stock opened at $26.77 on Friday. The firm has a market cap of $2.84 billion, a PE ratio of 21.94 and a beta of 1.23. Highwoods Properties, Inc. has a 12 month low of $17.06 and a 12 month high of $27.57. The stock’s 50 day simple moving average is $24.89 and its two-hundred day simple moving average is $22.51. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.37.

Highwoods Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Monday, May 20th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 7.47%. The ex-dividend date of this dividend is Friday, May 17th. Highwoods Properties’s dividend payout ratio is currently 163.93%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Highwoods Properties in a research note on Tuesday, January 30th. They set a “buy” rating and a $28.00 price target on the stock. Truist Financial raised their target price on Highwoods Properties from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Morgan Stanley boosted their price target on Highwoods Properties from $18.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, March 28th. Finally, Robert W. Baird raised their price objective on Highwoods Properties from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $24.38.

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.