Highwoods Properties, Inc. (NYSE:HIW) Stock Position Increased by Penserra Capital Management LLC

Penserra Capital Management LLC grew its position in Highwoods Properties, Inc. (NYSE:HIW) by 22.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 38,314 shares of the real estate investment trust’s stock after buying an additional 7,130 shares during the period. Penserra Capital Management LLC’s holdings in Highwoods Properties were worth $1,283,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Algert Global LLC boosted its position in shares of Highwoods Properties by 285.5% during the third quarter. Algert Global LLC now owns 108,073 shares of the real estate investment trust’s stock worth $3,622,000 after buying an additional 80,040 shares during the period. Cerity Partners LLC grew its stake in shares of Highwoods Properties by 66.7% in the third quarter. Cerity Partners LLC now owns 16,552 shares of the real estate investment trust’s stock worth $555,000 after purchasing an additional 6,625 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Highwoods Properties by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,061,572 shares of the real estate investment trust’s stock valued at $69,083,000 after purchasing an additional 34,885 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Highwoods Properties by 131.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,708,996 shares of the real estate investment trust’s stock valued at $90,778,000 after purchasing an additional 1,536,067 shares in the last quarter. Finally, Pathstone Holdings LLC lifted its holdings in Highwoods Properties by 8.1% in the third quarter. Pathstone Holdings LLC now owns 42,371 shares of the real estate investment trust’s stock worth $1,420,000 after purchasing an additional 3,188 shares during the period. Institutional investors and hedge funds own 96.31% of the company’s stock.

Highwoods Properties Stock Up 0.3 %

HIW stock opened at $32.44 on Wednesday. The firm has a market cap of $3.44 billion, a PE ratio of 24.21 and a beta of 1.26. Highwoods Properties, Inc. has a 12 month low of $17.58 and a 12 month high of $36.78. 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 firm has a 50 day simple moving average of $33.45 and a 200 day simple moving average of $30.20.

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

Highwoods Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $2.00 annualized dividend and a yield of 6.17%. Highwoods Properties’s payout ratio is presently 149.25%.

Wall Street Analyst Weigh In

A number of research firms have commented on HIW. Wells Fargo & Company boosted their price target on shares of Highwoods Properties from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Truist Financial boosted their target price on Highwoods Properties from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Robert W. Baird increased their price target on Highwoods Properties from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft downgraded Highwoods Properties from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $31.00 to $35.00 in a research note on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Highwoods Properties currently has an average rating of “Hold” and an average target price of $31.20.

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.