Van ECK Associates Corp Has $710,000 Position in Highwoods Properties, Inc. (NYSE:HIW)

Van ECK Associates Corp boosted its position in Highwoods Properties, Inc. (NYSE:HIW) by 10.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,856 shares of the real estate investment trust’s stock after buying an additional 1,914 shares during the quarter. Van ECK Associates Corp’s holdings in Highwoods Properties were worth $710,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Evergreen Capital Management LLC grew its stake in shares of Highwoods Properties by 2.8% during the 2nd quarter. Evergreen Capital Management LLC now owns 13,653 shares of the real estate investment trust’s stock worth $359,000 after acquiring an additional 371 shares in the last quarter. Fifth Third Bancorp grew its position in Highwoods Properties by 3.6% in the second quarter. Fifth Third Bancorp now owns 10,766 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 376 shares in the last quarter. GAMMA Investing LLC increased its stake in Highwoods Properties by 11.7% in the 2nd quarter. GAMMA Investing LLC now owns 4,206 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 440 shares during the last quarter. Presima Securities ULC lifted its position in Highwoods Properties by 1.0% during the 3rd quarter. Presima Securities ULC now owns 52,536 shares of the real estate investment trust’s stock worth $1,760,000 after buying an additional 500 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Highwoods Properties by 2.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,537 shares of the real estate investment trust’s stock worth $566,000 after buying an additional 511 shares in the last quarter. Institutional investors and hedge funds own 96.31% of the company’s stock.

Highwoods Properties Stock Performance

Shares of NYSE HIW opened at $33.19 on Tuesday. Highwoods Properties, Inc. has a 12 month low of $17.17 and a 12 month high of $36.78. The stock has a 50 day moving average of $33.49 and a 200-day moving average of $29.82. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $3.52 billion, a P/E ratio of 24.77 and a beta of 1.26.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported $0.14 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.74). The company had revenue of $204.30 million during the quarter, compared to analyst estimates of $204.96 million. Highwoods Properties had a net margin of 17.40% and a return on equity of 6.05%. Highwoods Properties’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 earnings per share. As a group, equities research analysts predict that Highwoods Properties, Inc. will post 3.62 EPS for the current year.

Highwoods Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $2.00 annualized dividend and a yield of 6.03%. Highwoods Properties’s dividend payout ratio (DPR) is presently 149.25%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HIW. Deutsche Bank Aktiengesellschaft downgraded Highwoods Properties from a “buy” rating to a “hold” rating and lifted their target price for the company from $31.00 to $35.00 in a research report on Tuesday, October 1st. Wells Fargo & Company boosted their price target on Highwoods Properties from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Robert W. Baird increased their price objective on Highwoods Properties from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Truist Financial raised their target price on shares of Highwoods Properties from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Highwoods Properties currently has a consensus rating of “Hold” and an average target price of $29.33.

About Highwoods Properties

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.