ING Groep NV Has $793,000 Position in Highwoods Properties Inc (HIW)

ING Groep NV increased its position in Highwoods Properties Inc (NYSE:HIW) by 23.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,579 shares of the real estate investment trust’s stock after acquiring an additional 2,936 shares during the period. ING Groep NV’s holdings in Highwoods Properties were worth $793,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HIW. Tudor Investment Corp ET AL acquired a new stake in shares of Highwoods Properties in the 2nd quarter worth about $207,000. Public Employees Retirement Association of Colorado increased its holdings in shares of Highwoods Properties by 74.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 5,574 shares of the real estate investment trust’s stock worth $284,000 after acquiring an additional 2,375 shares during the period. Parametrica Management Ltd acquired a new stake in shares of Highwoods Properties in the 3rd quarter worth about $288,000. Janus Henderson Group PLC acquired a new stake in shares of Highwoods Properties in the 2nd quarter worth about $295,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Highwoods Properties in the 2nd quarter worth about $311,000. 96.21% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently weighed in on HIW shares. SunTrust Banks set a $52.00 price objective on shares of Highwoods Properties and gave the stock a “hold” rating in a report on Tuesday, October 24th. ValuEngine raised shares of Highwoods Properties from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. Edward Jones cut shares of Highwoods Properties from a “buy” rating to a “hold” rating in a report on Monday, November 6th. Stifel Nicolaus dropped their price objective on shares of Highwoods Properties from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Finally, Zacks Investment Research cut shares of Highwoods Properties from a “hold” rating to a “sell” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Highwoods Properties presently has a consensus rating of “Hold” and a consensus price target of $51.50.

Highwoods Properties Inc (HIW) opened at $42.81 on Thursday. The stock has a market cap of $4,450.51, a PE ratio of 12.67, a P/E/G ratio of 4.24 and a beta of 0.74. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.40 and a quick ratio of 1.40. Highwoods Properties Inc has a 12-month low of $41.83 and a 12-month high of $53.34.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th will be given a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date is Friday, February 16th. This is a positive change from Highwoods Properties’s previous quarterly dividend of $0.44. Highwoods Properties’s dividend payout ratio is currently 99.44%.

In related news, Director Sherry A. Kellett sold 2,000 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $50.64, for a total value of $101,280.00. Following the completion of the transaction, the director now owns 13,744 shares in the company, valued at approximately $695,996.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sherry A. Kellett sold 1,000 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $51.70, for a total transaction of $51,700.00. Following the completion of the transaction, the director now owns 11,744 shares of the company’s stock, valued at approximately $607,164.80. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

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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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Institutional Ownership by Quarter for Highwoods Properties (NYSE:HIW)

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