Highwoods Properties, Inc. (NYSE:HIW) Shares Acquired by Assetmark Inc.

Assetmark Inc. increased its position in Highwoods Properties, Inc. (NYSE:HIW) by 5.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,254 shares of the real estate investment trust’s stock after purchasing an additional 495 shares during the period. Assetmark Inc.’s holdings in Highwoods Properties were worth $310,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HIW. Easterly Investment Partners LLC lifted its holdings in Highwoods Properties by 29.8% during the 3rd quarter. Easterly Investment Partners LLC now owns 110,264 shares of the real estate investment trust’s stock worth $3,695,000 after buying an additional 25,287 shares during the last quarter. M&G PLC raised its position in shares of Highwoods Properties by 26.8% during the 3rd quarter. M&G PLC now owns 631,159 shares of the real estate investment trust’s stock valued at $21,459,000 after acquiring an additional 133,575 shares in the last quarter. Harvest Portfolios Group Inc. lifted its stake in Highwoods Properties by 141.2% during the third quarter. Harvest Portfolios Group Inc. now owns 36,647 shares of the real estate investment trust’s stock worth $1,228,000 after purchasing an additional 21,455 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in Highwoods Properties by 7.7% in the third quarter. QRG Capital Management Inc. now owns 25,099 shares of the real estate investment trust’s stock worth $841,000 after purchasing an additional 1,795 shares during the period. Finally, Van ECK Associates Corp increased its stake in Highwoods Properties by 10.7% during the third quarter. Van ECK Associates Corp now owns 19,856 shares of the real estate investment trust’s stock valued at $710,000 after purchasing an additional 1,914 shares during the last quarter. 96.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

HIW has been the topic of a number of recent research reports. Truist Financial raised their price target on shares of Highwoods Properties from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft cut shares of Highwoods Properties from a “buy” rating to a “hold” rating and raised their target price for the stock from $31.00 to $35.00 in a report on Tuesday, October 1st. Robert W. Baird upped their target price on Highwoods Properties from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Wells Fargo & Company raised their price target on Highwoods Properties from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Highwoods Properties currently has a consensus rating of “Hold” and a consensus target price of $31.20.

Highwoods Properties Trading Down 0.5 %

Highwoods Properties stock opened at $31.66 on Friday. Highwoods Properties, Inc. has a 52-week low of $17.58 and a 52-week high of $36.78. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 23.63 and a beta of 1.26. The firm has a 50-day moving average price of $33.51 and a two-hundred day moving average price of $29.96.

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

Highwoods Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.32%. The ex-dividend date of this dividend is Monday, November 18th. Highwoods Properties’s dividend payout ratio (DPR) is 149.25%.

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.