Raymond James & Associates Grows Stock Holdings in Highwoods Properties, Inc. (NYSE:HIW)

Raymond James & Associates lifted its position in shares of Highwoods Properties, Inc. (NYSE:HIW) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,731 shares of the real estate investment trust’s stock after purchasing an additional 536 shares during the period. Raymond James & Associates’ holdings in Highwoods Properties were worth $315,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Highwoods Properties by 7.0% during the 3rd quarter. Vanguard Group Inc. now owns 17,371,014 shares of the real estate investment trust’s stock worth $358,017,000 after purchasing an additional 1,139,688 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Highwoods Properties by 6.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,773,506 shares of the real estate investment trust’s stock worth $36,552,000 after acquiring an additional 106,056 shares in the last quarter. AQR Capital Management LLC raised its stake in Highwoods Properties by 47.6% during the 3rd quarter. AQR Capital Management LLC now owns 1,565,801 shares of the real estate investment trust’s stock worth $32,271,000 after acquiring an additional 504,777 shares in the last quarter. Senvest Management LLC raised its stake in Highwoods Properties by 37.2% during the 3rd quarter. Senvest Management LLC now owns 1,041,309 shares of the real estate investment trust’s stock worth $21,461,000 after acquiring an additional 282,210 shares in the last quarter. Finally, Sei Investments Co. raised its stake in Highwoods Properties by 2.4% during the 3rd quarter. Sei Investments Co. now owns 987,496 shares of the real estate investment trust’s stock worth $20,352,000 after acquiring an additional 22,689 shares in the last quarter. 96.31% of the stock is owned by hedge funds and other institutional investors.

Highwoods Properties Trading Up 0.3 %

Shares of Highwoods Properties stock opened at $25.68 on Monday. Highwoods Properties, Inc. has a 52-week low of $17.06 and a 52-week high of $26.42. The company has a quick ratio of 1.24, a current ratio of 1.34 and a debt-to-equity ratio of 1.37. The company’s 50-day simple moving average is $24.69 and its 200-day simple moving average is $22.37. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 21.05 and a beta of 1.23.

Highwoods Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Monday, May 20th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, May 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.79%. Highwoods Properties’s dividend payout ratio (DPR) is 163.93%.

Analyst Ratings Changes

Several equities research analysts recently commented on HIW shares. Morgan Stanley lifted their price target on shares of Highwoods Properties from $18.00 to $21.00 and gave the stock an “underweight” rating in a research note on Thursday, March 28th. Truist Financial lifted their price target on shares of Highwoods Properties from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Robert W. Baird lifted their price target on shares of Highwoods Properties from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Highwoods Properties in a research note on Tuesday, January 30th. They issued a “buy” rating and a $28.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $24.38.

Highwoods Properties Profile

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.