Highwoods Properties, Inc. (NYSE:HIW) Shares Sold by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. lowered its stake in Highwoods Properties, Inc. (NYSE:HIW) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 518,353 shares of the real estate investment trust’s stock after selling 15,109 shares during the quarter. Van Lanschot Kempen Investment Management N.V.’s holdings in Highwoods Properties were worth $15,851,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. US Bancorp DE raised its stake in shares of Highwoods Properties by 72.6% in the 4th quarter. US Bancorp DE now owns 21,956 shares of the real estate investment trust’s stock valued at $671,000 after acquiring an additional 9,235 shares during the period. B&I Capital AG raised its position in Highwoods Properties by 111.7% in the fourth quarter. B&I Capital AG now owns 262,500 shares of the real estate investment trust’s stock valued at $8,027,000 after purchasing an additional 138,500 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Highwoods Properties by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,133,242 shares of the real estate investment trust’s stock worth $65,235,000 after purchasing an additional 71,670 shares in the last quarter. Oliver Luxxe Assets LLC boosted its position in shares of Highwoods Properties by 44.4% during the fourth quarter. Oliver Luxxe Assets LLC now owns 70,426 shares of the real estate investment trust’s stock worth $2,154,000 after buying an additional 21,655 shares during the period. Finally, Empowered Funds LLC acquired a new stake in shares of Highwoods Properties in the fourth quarter valued at $367,000. Institutional investors and hedge funds own 96.31% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Highwoods Properties Stock Down 1.6 %

Highwoods Properties stock opened at $27.13 on Tuesday. The stock has a market cap of $2.92 billion, a PE ratio of 28.56 and a beta of 1.15. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.25 and a quick ratio of 1.25. The stock’s fifty day moving average is $28.34 and its two-hundred day moving average is $30.40. Highwoods Properties, Inc. has a 1-year low of $24.03 and a 1-year high of $36.78.

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, hitting the consensus estimate of $0.85. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. On average, sell-side analysts expect that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.

Highwoods Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a yield of 7.37%. Highwoods Properties’s dividend payout ratio (DPR) is presently 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.