Mutual of America Capital Management LLC Sells 12,499 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Mutual of America Capital Management LLC decreased its holdings in Highwoods Properties, Inc. (NYSE:HIW) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,774 shares of the real estate investment trust’s stock after selling 12,499 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.10% of Highwoods Properties worth $2,543,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Qube Research & Technologies Ltd grew its stake in shares of Highwoods Properties by 472.2% in the third quarter. Qube Research & Technologies Ltd now owns 162,397 shares of the real estate investment trust’s stock worth $3,347,000 after purchasing an additional 134,015 shares during the last quarter. Schroder Investment Management Group lifted its holdings in Highwoods Properties by 36.0% in the third quarter. Schroder Investment Management Group now owns 258,031 shares of the real estate investment trust’s stock valued at $5,318,000 after buying an additional 68,342 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Highwoods Properties by 6.1% in the third quarter. PNC Financial Services Group Inc. now owns 12,369 shares of the real estate investment trust’s stock valued at $255,000 after buying an additional 716 shares during the period. Vanguard Group Inc. lifted its holdings in Highwoods Properties by 7.0% in the third quarter. Vanguard Group Inc. now owns 17,371,014 shares of the real estate investment trust’s stock valued at $358,017,000 after buying an additional 1,139,688 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in Highwoods Properties by 81.6% in the third quarter. Hsbc Holdings PLC now owns 105,604 shares of the real estate investment trust’s stock valued at $2,172,000 after buying an additional 47,444 shares during the period. Institutional investors own 96.31% of the company’s stock.

Highwoods Properties Price Performance

Shares of NYSE HIW opened at $24.18 on Friday. The firm’s 50-day moving average price is $24.50 and its 200-day moving average price is $22.12. Highwoods Properties, Inc. has a 1-year low of $17.06 and a 1-year high of $26.27. The firm has a market capitalization of $2.56 billion, a P/E ratio of 17.39 and a beta of 1.23. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.33.

Highwoods Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Monday, May 20th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 8.27%. The ex-dividend date is Friday, May 17th. Highwoods Properties’s payout ratio is presently 143.88%.

Wall Street Analyst Weigh In

HIW has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Highwoods Properties in a report on Tuesday, January 30th. They issued a “buy” rating and a $28.00 target price on the stock. Morgan Stanley boosted their target price on shares of Highwoods Properties from $18.00 to $21.00 and gave the company an “underweight” rating in a report on Thursday, March 28th. Truist Financial boosted their target price on shares of Highwoods Properties from $28.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Finally, Robert W. Baird upped their price objective on shares of Highwoods Properties from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Highwoods Properties has a consensus rating of “Hold” and an average target price of $24.38.

About Highwoods Properties

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.