Xact Kapitalforvaltning AB Acquires Shares of 4,423 Highwoods Properties, Inc. (HIW)

Xact Kapitalforvaltning AB acquired a new stake in Highwoods Properties, Inc. (NYSE:HIW) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,423 shares of the real estate investment trust’s stock, valued at approximately $225,000.

Several other institutional investors have also added to or reduced their stakes in HIW. New York State Common Retirement Fund lifted its stake in shares of Highwoods Properties by 3.6% in the third quarter. New York State Common Retirement Fund now owns 227,700 shares of the real estate investment trust’s stock valued at $11,861,000 after buying an additional 8,000 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Highwoods Properties by 102.8% in the third quarter. Wells Fargo & Company MN now owns 79,712 shares of the real estate investment trust’s stock valued at $4,153,000 after buying an additional 40,403 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Highwoods Properties by 2.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,480,027 shares of the real estate investment trust’s stock valued at $77,094,000 after buying an additional 39,697 shares in the last quarter. AMP Capital Investors Ltd lifted its stake in shares of Highwoods Properties by 71.0% in the third quarter. AMP Capital Investors Ltd now owns 62,645 shares of the real estate investment trust’s stock valued at $3,263,000 after buying an additional 26,000 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of Highwoods Properties by 3.6% during the third quarter. California Public Employees Retirement System now owns 178,590 shares of the real estate investment trust’s stock valued at $9,303,000 after purchasing an additional 6,194 shares in the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th. ValuEngine lowered shares of Highwoods Properties from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Stifel Nicolaus reissued a “hold” rating and set a $46.00 price target (down from $50.00) on shares of Highwoods Properties in a research report on Tuesday, March 13th. Finally, SunTrust Banks set a $51.00 price target on shares of Highwoods Properties and gave the company a “hold” rating in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $51.67.

HIW opened at $43.20 on Tuesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.40 and a current ratio of 1.40. Highwoods Properties, Inc. has a fifty-two week low of $41.34 and a fifty-two week high of $53.34. The stock has a market cap of $4,436.05, a P/E ratio of 12.63, a PEG ratio of 4.19 and a beta of 0.74.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings results on Tuesday, February 6th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.28). Highwoods Properties had a net margin of 26.20% and a return on equity of 8.46%. The firm had revenue of $175.86 million for the quarter, compared to the consensus estimate of $177.14 million. equities research analysts predict that Highwoods Properties, Inc. will post 3.42 EPS for the current fiscal year.

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About Highwoods Properties

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (?REIT?) and a member of the S&P MidCap 400 Index. The Company is a fully-integrated office REIT that 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.

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

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