abrdn plc Has $1.37 Million Stake in Highwoods Properties, Inc. (NYSE:HIW)

abrdn plc grew its position in Highwoods Properties, Inc. (NYSE:HIW) by 20.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,453 shares of the real estate investment trust’s stock after buying an additional 7,776 shares during the quarter. abrdn plc’s holdings in Highwoods Properties were worth $1,369,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on HIW shares. Wells Fargo & Company raised their target price on shares of Highwoods Properties from $32.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Jefferies Financial Group cut their price objective on Highwoods Properties from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. Mizuho boosted their price objective on Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, Robert W. Baird increased their target price on Highwoods Properties from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $30.86.

Highwoods Properties Stock Performance

Shares of HIW opened at $28.90 on Tuesday. The firm has a market cap of $3.06 billion, a PE ratio of 21.57 and a beta of 1.24. Highwoods Properties, Inc. has a 1 year low of $22.60 and a 1 year 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 stock’s fifty day moving average price is $30.06 and its two-hundred day moving average price is $31.67.

Highwoods Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.92%. The ex-dividend date is Tuesday, February 18th. Highwoods Properties’s dividend payout ratio (DPR) is presently 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.