Highwoods Properties, Inc. (NYSE:HIW) Stock Holdings Lessened by LSV Asset Management

LSV Asset Management reduced its holdings in Highwoods Properties, Inc. (NYSE:HIW) by 19.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 128,900 shares of the real estate investment trust’s stock after selling 31,100 shares during the quarter. LSV Asset Management owned approximately 0.12% of Highwoods Properties worth $2,960,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of HIW. Illinois Municipal Retirement Fund bought a new stake in Highwoods Properties in the 4th quarter valued at about $1,333,000. Qube Research & Technologies Ltd lifted its stake in shares of Highwoods Properties by 472.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 162,397 shares of the real estate investment trust’s stock worth $3,347,000 after acquiring an additional 134,015 shares during the period. Schroder Investment Management Group boosted its holdings in shares of Highwoods Properties by 36.0% in the third quarter. Schroder Investment Management Group now owns 258,031 shares of the real estate investment trust’s stock valued at $5,318,000 after acquiring an additional 68,342 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Highwoods Properties by 6.1% during the third quarter. PNC Financial Services Group Inc. now owns 12,369 shares of the real estate investment trust’s stock valued at $255,000 after acquiring an additional 716 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Highwoods Properties by 7.0% during the third quarter. Vanguard Group Inc. now owns 17,371,014 shares of the real estate investment trust’s stock worth $358,017,000 after purchasing an additional 1,139,688 shares in the last quarter. 96.31% of the stock is currently owned by institutional investors.

Highwoods Properties Stock Down 0.8 %

Shares of Highwoods Properties stock opened at $26.40 on Thursday. The stock has a market capitalization of $2.80 billion, a P/E ratio of 21.64 and a beta of 1.20. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.37. The stock has a 50 day moving average price of $25.15 and a two-hundred day moving average price of $22.75. Highwoods Properties, Inc. has a 12-month low of $17.06 and a 12-month high of $27.57.

Highwoods Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Monday, May 20th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $2.00 dividend on an annualized basis and a yield of 7.58%. Highwoods Properties’s payout ratio is currently 163.93%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Morgan Stanley increased their target price on shares of Highwoods Properties from $18.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, March 28th. Robert W. Baird boosted their target price on Highwoods Properties from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Deutsche Bank Aktiengesellschaft upped their target price on Highwoods Properties from $28.00 to $31.00 and gave the company a “buy” rating in a report on Monday. Finally, Truist Financial boosted their price objective on Highwoods Properties from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $24.75.

Highwoods Properties Company 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.