Oliver Luxxe Assets LLC Purchases 21,655 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Oliver Luxxe Assets LLC grew its position in Highwoods Properties, Inc. (NYSE:HIW) by 44.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,426 shares of the real estate investment trust’s stock after acquiring an additional 21,655 shares during the quarter. Oliver Luxxe Assets LLC owned 0.07% of Highwoods Properties worth $2,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of HIW. Quarry LP bought a new position in shares of Highwoods Properties in the 3rd quarter valued at about $48,000. Versant Capital Management Inc boosted its stake in Highwoods Properties by 12.0% during the fourth quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 327 shares during the period. Blue Trust Inc. lifted its holdings in shares of Highwoods Properties by 269.8% in the 3rd quarter. Blue Trust Inc. now owns 3,221 shares of the real estate investment trust’s stock worth $108,000 after acquiring an additional 2,350 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Highwoods Properties by 55.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 3,260 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 1,167 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Highwoods Properties by 35.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,114 shares of the real estate investment trust’s stock worth $135,000 after purchasing an additional 1,069 shares during the period. 96.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HIW has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered Highwoods Properties from a “buy” rating to a “hold” rating and boosted their target price for the company from $31.00 to $35.00 in a research report on Tuesday, October 1st. Robert W. Baird upped their price objective on Highwoods Properties from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Jefferies Financial Group decreased their target price on Highwoods Properties from $35.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday. Finally, Wells Fargo & Company upped their price target on shares of Highwoods Properties from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $31.17.

Highwoods Properties Stock Down 2.2 %

NYSE HIW traded down $0.69 on Monday, reaching $30.09. 295,581 shares of the stock traded hands, compared to its average volume of 600,533. Highwoods Properties, Inc. has a 12 month low of $21.37 and a 12 month high of $36.78. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 22.46 and a beta of 1.24. The company has a fifty day moving average price of $31.76 and a 200-day moving average price of $31.25. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.31 and a current ratio of 1.31.

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

Highwoods Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.65%. The ex-dividend date was Monday, November 18th. Highwoods Properties’s dividend payout ratio (DPR) is 149.25%.

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.