Highwoods Properties, Inc. (NYSE:HIW) Shares Sold by Davis Selected Advisers

Davis Selected Advisers reduced its position in Highwoods Properties, Inc. (NYSE:HIW) by 17.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 130,050 shares of the real estate investment trust’s stock after selling 27,050 shares during the quarter. Davis Selected Advisers’ holdings in Highwoods Properties were worth $3,977,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HIW. Versant Capital Management Inc grew its position 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 acquiring an additional 327 shares in the last quarter. Assetmark Inc. increased its stake in Highwoods Properties by 5.7% during the 3rd quarter. Assetmark Inc. now owns 9,254 shares of the real estate investment trust’s stock worth $310,000 after buying an additional 495 shares during the period. Everhart Financial Group Inc. boosted its position 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 last quarter. Jones Financial Companies Lllp grew its stake in shares of 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 valued at $26,000 after acquiring an additional 675 shares in the last quarter. Finally, M&T Bank Corp grew its stake in shares of 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 valued at $642,000 after acquiring an additional 682 shares in the last quarter. Institutional investors and hedge funds own 96.31% of the company’s stock.

Wall Street Analysts Forecast Growth

HIW has been the topic of several recent analyst reports. Mizuho boosted their price target on Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. StockNews.com upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Wednesday. Truist Financial reduced 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 report on Thursday, February 13th. Finally, Jefferies Financial Group lowered their price objective on shares of Highwoods Properties from $35.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Highwoods Properties currently has a consensus rating of “Hold” and an average target price of $30.71.

Highwoods Properties Stock Up 3.4 %

HIW stock opened at $29.45 on Friday. The stock has a market cap of $3.17 billion, a PE ratio of 31.00 and a beta of 1.24. The firm’s 50-day simple moving average is $29.39 and its 200 day simple moving average is $31.44. Highwoods Properties, Inc. has a fifty-two week low of $23.52 and a fifty-two week high of $36.78. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.41.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 EPS for the quarter, meeting the consensus estimate of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. As a group, sell-side analysts predict that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 6.79%. The ex-dividend date is Tuesday, February 18th. Highwoods Properties’s payout ratio is currently 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.