Nomura Asset Management Co. Ltd. Has $2.79 Million Stake in Highwoods Properties Inc (HIW)

Nomura Asset Management Co. Ltd. grew its holdings in shares of Highwoods Properties Inc (NYSE:HIW) by 6.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,570 shares of the real estate investment trust’s stock after buying an additional 3,600 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.06% of Highwoods Properties worth $2,786,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Koch Industries Inc. lifted its position in shares of Highwoods Properties by 50.5% during the first quarter. Koch Industries Inc. now owns 9,694 shares of the real estate investment trust’s stock valued at $425,000 after purchasing an additional 3,254 shares in the last quarter. Citadel Advisors LLC lifted its position in shares of Highwoods Properties by 47.6% during the first quarter. Citadel Advisors LLC now owns 105,436 shares of the real estate investment trust’s stock valued at $4,620,000 after purchasing an additional 33,987 shares in the last quarter. State of Tennessee Treasury Department lifted its position in shares of Highwoods Properties by 43.1% during the first quarter. State of Tennessee Treasury Department now owns 193,809 shares of the real estate investment trust’s stock valued at $8,493,000 after purchasing an additional 58,409 shares in the last quarter. Partners Group Holding AG lifted its position in shares of Highwoods Properties by 86.2% during the first quarter. Partners Group Holding AG now owns 21,600 shares of the real estate investment trust’s stock valued at $947,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Highwoods Properties during the first quarter valued at about $4,106,000. 92.35% of the stock is currently owned by institutional investors.

A number of research firms recently weighed in on HIW. Zacks Investment Research raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, April 18th. ValuEngine raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, May 29th. DA Davidson set a $60.00 price target on shares of Highwoods Properties and gave the company a “buy” rating in a research report on Wednesday, April 25th. Stifel Nicolaus raised shares of Highwoods Properties from a “hold” rating to a “buy” rating and raised their price target for the company from $46.00 to $53.00 in a research report on Friday, June 1st. Finally, Wells Fargo & Co began coverage on shares of Highwoods Properties in a research report on Friday, April 20th. They set an “outperform” rating and a $49.00 price target on the stock. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $54.20.

Shares of HIW stock opened at $48.98 on Wednesday. The stock has a market capitalization of $5.05 billion, a price-to-earnings ratio of 14.93, a P/E/G ratio of 4.73 and a beta of 0.79. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.47 and a current ratio of 1.47. Highwoods Properties Inc has a 52 week low of $41.34 and a 52 week high of $53.34.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings data on Tuesday, April 24th. The real estate investment trust reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. The business had revenue of $180.44 million for the quarter, compared to analyst estimates of $176.03 million. Highwoods Properties had a net margin of 25.90% and a return on equity of 8.40%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share. research analysts predict that Highwoods Properties Inc will post 3.44 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 5th. Shareholders of record on Friday, May 18th were given a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend was Thursday, May 17th. Highwoods Properties’s dividend payout ratio is 56.40%.

Highwoods Properties Profile

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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