M&G Plc increased its position in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 26.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 631,159 shares of the real estate investment trust's stock after acquiring an additional 133,575 shares during the period. M&G Plc owned approximately 0.60% of Highwoods Properties worth $21,459,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of HIW. Abich Financial Wealth Management LLC grew its position in shares of Highwoods Properties by 45.5% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,855 shares of the real estate investment trust's stock valued at $49,000 after purchasing an additional 580 shares in the last quarter. Versant Capital Management Inc grew its position in Highwoods Properties by 141.3% during the second quarter. Versant Capital Management Inc now owns 2,073 shares of the real estate investment trust's stock worth $54,000 after buying an additional 1,214 shares in the last quarter. Pathway Financial Advisers LLC bought a new position in Highwoods Properties in the 1st quarter worth about $107,000. Blue Trust Inc. raised 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 valued at $108,000 after acquiring an additional 2,350 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Highwoods Properties by 11.7% during the 2nd quarter. GAMMA Investing LLC now owns 4,206 shares of the real estate investment trust's stock valued at $110,000 after acquiring an additional 440 shares during the last quarter. Institutional investors own 96.31% of the company's stock.
Shares of Highwoods Properties stock opened at $33.83 on Friday. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 25.25 and a beta of 1.26. The company has a fifty day moving average of $33.44 and a 200-day moving average of $29.64. Highwoods Properties, Inc. has a 52-week low of $17.17 and a 52-week high of $36.78. 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 - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.74). The business had revenue of $204.30 million for the quarter, compared to analysts' expectations of $204.96 million. Highwoods Properties had a net margin of 17.40% and a return on equity of 6.05%. The business's quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.93 earnings per share. Equities research analysts expect that Highwoods Properties, Inc. will post 3.62 EPS for the current year.
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 given a $0.50 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $2.00 annualized dividend and a yield of 5.91%. Highwoods Properties's payout ratio is currently 149.25%.
A number of brokerages recently weighed in on HIW. 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 note on Monday. Deutsche Bank Aktiengesellschaft cut shares of Highwoods Properties from a "buy" rating to a "hold" rating and raised their price objective for the company from $31.00 to $35.00 in a research report on Tuesday, October 1st. Truist Financial upped their target price on shares of Highwoods Properties from $29.00 to $33.00 and gave the stock a "buy" rating in a research report on Tuesday, July 30th. Finally, Robert W. Baird raised their price target 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 research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $29.33.
View Our Latest Stock Report on HIW
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.
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