Kempen Capital Management N.V. trimmed its holdings in Highwoods Properties, Inc. (NYSE:HIW) by 2.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,992 shares of the real estate investment trust’s stock after selling 1,135 shares during the period. Kempen Capital Management N.V.’s holdings in Highwoods Properties were worth $1,927,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in HIW. Russell Investments Group Ltd. raised its position in shares of Highwoods Properties by 42.6% in the 1st quarter. Russell Investments Group Ltd. now owns 67,797 shares of the real estate investment trust’s stock valued at $3,331,000 after purchasing an additional 20,265 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Highwoods Properties by 155.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 15,300 shares of the real estate investment trust’s stock valued at $752,000 after purchasing an additional 9,300 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Highwoods Properties by 25.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,128 shares of the real estate investment trust’s stock valued at $350,000 after purchasing an additional 1,431 shares in the last quarter. Swiss National Bank raised its position in shares of Highwoods Properties by 1.8% in the 1st quarter. Swiss National Bank now owns 165,002 shares of the real estate investment trust’s stock valued at $8,107,000 after purchasing an additional 2,900 shares in the last quarter. Finally, World Asset Management Inc raised its position in shares of Highwoods Properties by 3.6% in the 1st quarter. World Asset Management Inc now owns 6,233 shares of the real estate investment trust’s stock valued at $306,000 after purchasing an additional 217 shares in the last quarter. 98.12% of the stock is currently owned by institutional investors.
Shares of Highwoods Properties, Inc. (HIW) traded down 0.29% during midday trading on Tuesday, hitting $51.93. The stock had a trading volume of 20,903 shares. The firm has a 50-day moving average of $51.34 and a 200 day moving average of $50.81. The firm has a market cap of $5.36 billion, a PE ratio of 41.41 and a beta of 0.88. Highwoods Properties, Inc. has a 12-month low of $45.83 and a 12-month high of $53.26.
Highwoods Properties (NYSE:HIW) last announced its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.59. Highwoods Properties had a return on equity of 5.96% and a net margin of 18.79%. The company had revenue of $177.28 million during the quarter, compared to the consensus estimate of $172.28 million. During the same quarter last year, the company earned $0.32 EPS. The company’s quarterly revenue was up 6.2% on a year-over-year basis. On average, analysts expect that Highwoods Properties, Inc. will post $1.22 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Monday, August 14th were given a $0.44 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.38%. Highwoods Properties’s dividend payout ratio is currently 141.94%.
A number of equities analysts have issued reports on HIW shares. ValuEngine lowered Highwoods Properties from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub lowered Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Janney Montgomery Scott started coverage on Highwoods Properties in a research report on Friday, September 8th. They issued a “neutral” rating on the stock. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Highwoods Properties currently has a consensus rating of “Hold” and a consensus target price of $55.00.
Highwoods Properties Profile
Highwoods Properties, Inc is an office real estate investment trust (REIT). The Company’s primary business is the operation, acquisition and development of office properties. The Company’s segments include Office and Other. The Company owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.
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