Highwoods Properties, Inc. (NYSE:HIW) Shares Bought by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC increased its position in shares of Highwoods Properties, Inc. (NYSE:HIW) by 33.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 542,107 shares of the real estate investment trust’s stock after acquiring an additional 134,448 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned approximately 0.51% of Highwoods Properties worth $16,578,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc boosted its position in shares of Highwoods Properties by 12.0% during the 4th quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 327 shares during the last quarter. Assetmark Inc. raised its holdings in Highwoods Properties by 5.7% in the 3rd quarter. Assetmark Inc. now owns 9,254 shares of the real estate investment trust’s stock valued at $310,000 after buying an additional 495 shares during the period. Everhart Financial Group Inc. raised its holdings in Highwoods Properties by 6.0% in the 4th quarter. Everhart Financial Group Inc. now owns 11,719 shares of the real estate investment trust’s stock valued at $358,000 after buying an additional 660 shares during the period. Jones Financial Companies Lllp increased its stake in Highwoods Properties by 375.0% during the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 675 shares during the period. Finally, M&T Bank Corp increased its stake in Highwoods Properties by 3.7% during the third quarter. M&T Bank Corp now owns 19,141 shares of the real estate investment trust’s stock worth $642,000 after purchasing an additional 682 shares during the period. Institutional investors and hedge funds own 96.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HIW. Mizuho boosted their price target on shares of Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Jefferies Financial Group cut their price target on shares of Highwoods Properties from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, January 2nd. StockNews.com lowered shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. Finally, Truist Financial cut their price target on shares of Highwoods Properties from $33.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $30.71.

Highwoods Properties Price Performance

Highwoods Properties stock opened at $28.16 on Wednesday. Highwoods Properties, Inc. has a 12 month low of $23.52 and a 12 month high of $36.78. 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 business has a 50 day simple moving average of $29.46 and a 200-day simple moving average of $31.48. The stock has a market capitalization of $3.03 billion, a PE ratio of 29.64 and a beta of 1.24.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 EPS 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%. Equities analysts predict that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 7.10%. The ex-dividend date of this dividend is Tuesday, February 18th. Highwoods Properties’s payout ratio is 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.