Highwoods Properties, Inc. (NYSE:HIW) Shares Sold by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC decreased its position in Highwoods Properties, Inc. (NYSE:HIW) by 5.7% in the 4th quarter, HoldingsChannel reports. The firm owned 29,799 shares of the real estate investment trust’s stock after selling 1,794 shares during the period. Keeley Teton Advisors LLC’s holdings in Highwoods Properties were worth $911,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HIW. Jones Financial Companies Lllp grew its holdings in shares of Highwoods Properties by 375.0% during the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 675 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Highwoods Properties by 124.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,434 shares of the real estate investment trust’s stock worth $73,000 after acquiring an additional 1,351 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Highwoods Properties by 363.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,972 shares of the real estate investment trust’s stock worth $91,000 after acquiring an additional 2,331 shares during the last quarter. Versant Capital Management Inc grew its stake in Highwoods Properties by 12.0% in the 4th quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 327 shares during the period. Finally, FIL Ltd lifted its stake in shares of Highwoods Properties by 26.8% during the 4th quarter. FIL Ltd now owns 3,744 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 791 shares during the period. 96.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on HIW. StockNews.com downgraded Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Thursday, April 3rd. Mizuho upped their price objective on shares of Highwoods Properties from $24.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Truist Financial decreased their target price on shares of Highwoods Properties from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Finally, Jefferies Financial Group initiated coverage on shares of Highwoods Properties in a report on Monday, March 17th. They issued a “buy” rating and a $32.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $32.50.

Highwoods Properties Stock Down 0.4 %

Shares of NYSE:HIW opened at $27.38 on Thursday. The stock has a 50-day simple moving average of $28.43 and a 200-day simple moving average of $30.56. The stock has a market capitalization of $2.95 billion, a P/E ratio of 28.82 and a beta of 1.15. Highwoods Properties, Inc. has a 1 year low of $23.62 and a 1 year high of $36.78. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.25 and a current ratio of 1.25.

Highwoods Properties (NYSE:HIW) last posted its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share for the quarter, meeting the consensus estimate of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. Equities analysts forecast that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a $0.50 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.30%. Highwoods Properties’s dividend payout ratio (DPR) is currently 210.53%.

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.