Highwoods Properties, Inc. (NYSE:HIW) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its position in shares of Highwoods Properties, Inc. (NYSE:HIW – Get Rating) by 32.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,975 shares of the real estate investment trust’s stock after selling 13,015 shares during the period. Los Angeles Capital Management LLC’s holdings in Highwoods Properties were worth $727,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC purchased a new stake in shares of Highwoods Properties during the 2nd quarter worth $27,000. Denali Advisors LLC lifted its holdings in Highwoods Properties by 166.7% during the 2nd quarter. Denali Advisors LLC now owns 800 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 500 shares during the last quarter. Wipfli Financial Advisors LLC acquired a new position in shares of Highwoods Properties during the 3rd quarter worth about $61,000. Quantbot Technologies LP increased its holdings in shares of Highwoods Properties by 165.3% in the 2nd quarter. Quantbot Technologies LP now owns 2,181 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 1,359 shares during the last quarter. Finally, Neo Ivy Capital Management raised its position in shares of Highwoods Properties by 409.7% during the 2nd quarter. Neo Ivy Capital Management now owns 2,314 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 1,860 shares in the last quarter. 94.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HIW. Credit Suisse Group reduced their price objective on shares of Highwoods Properties from $29.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday. Wells Fargo & Company boosted their price target on shares of Highwoods Properties from $30.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, November 22nd. StockNews.com assumed coverage on Highwoods Properties in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Robert W. Baird downgraded Highwoods Properties from an “outperform” rating to a “neutral” rating and set a $31.00 price target on the stock. in a research note on Monday, October 10th. Finally, Morgan Stanley reduced their price objective on Highwoods Properties from $34.00 to $30.00 and set an “overweight” rating for the company in a research note on Wednesday, November 23rd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.00.

Highwoods Properties Stock Down 2.1 %

HIW opened at $28.82 on Wednesday. Highwoods Properties, Inc. has a 52 week low of $24.51 and a 52 week high of $47.01. The business has a 50 day moving average price of $28.58 and a two-hundred day moving average price of $29.78. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.19. The company has a market cap of $3.03 billion, a PE ratio of 12.01 and a beta of 1.10.

Highwoods Properties Profile

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Highwoods Properties, Inc operates as a real estate investment trust, which engages in the operation, acquisition and development of office properties. It operates through the office, and other segments. Its markets includes Atlanta, Charlotte, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond, and Tampa.