TCV Trust & Wealth Management Inc. Has $377,000 Holdings in Highwoods Properties, Inc. (NYSE:HIW)

TCV Trust & Wealth Management Inc. grew its holdings in Highwoods Properties, Inc. (NYSE:HIW) by 13.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,325 shares of the real estate investment trust’s stock after purchasing an additional 1,500 shares during the quarter. TCV Trust & Wealth Management Inc.’s holdings in Highwoods Properties were worth $377,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Empowered Funds LLC acquired a new position in Highwoods Properties in the fourth quarter valued at approximately $367,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Highwoods Properties by 319.1% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 479,972 shares of the real estate investment trust’s stock valued at $14,678,000 after acquiring an additional 365,454 shares during the last quarter. abrdn plc lifted its stake in shares of Highwoods Properties by 20.6% in the 4th quarter. abrdn plc now owns 45,453 shares of the real estate investment trust’s stock valued at $1,369,000 after purchasing an additional 7,776 shares during the period. Optas LLC boosted its position in shares of Highwoods Properties by 13.2% in the 4th quarter. Optas LLC now owns 8,036 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 936 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of Highwoods Properties by 2,499.3% during the fourth quarter. KBC Group NV now owns 90,610 shares of the real estate investment trust’s stock worth $2,771,000 after purchasing an additional 87,124 shares during the period. Institutional investors and hedge funds own 96.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Mizuho increased their target price on Highwoods Properties from $24.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Wells Fargo & Company increased their price target on shares of Highwoods Properties from $32.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Jefferies Financial Group reduced their price objective on shares of Highwoods Properties from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, January 2nd. Finally, Robert W. Baird upped their target price on shares of Highwoods Properties from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Highwoods Properties has an average rating of “Hold” and a consensus price target of $30.86.

Highwoods Properties Trading Up 0.5 %

NYSE:HIW opened at $29.05 on Wednesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.31 and a quick ratio of 1.31. The business’s 50-day simple moving average is $30.02 and its 200-day simple moving average is $31.66. Highwoods Properties, Inc. has a fifty-two week low of $22.60 and a fifty-two week high of $36.78. The stock has a market capitalization of $3.08 billion, a PE ratio of 21.68 and a beta of 1.24.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.85. Highwoods Properties had a net margin of 17.40% and a return on equity of 6.05%. Sell-side analysts expect that Highwoods Properties, Inc. will post 3.61 earnings per share for the current fiscal year.

Highwoods Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.89%. The ex-dividend date is Tuesday, February 18th. Highwoods Properties’s payout ratio is presently 149.25%.

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.