Versor Investments LP Acquires Shares of 12,665 Highwoods Properties, Inc. (NYSE:HIW)

Versor Investments LP acquired a new stake in Highwoods Properties, Inc. (NYSE:HIWFree Report) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 12,665 shares of the real estate investment trust’s stock, valued at approximately $291,000.

A number of other hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of Highwoods Properties by 7.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,898,083 shares of the real estate investment trust’s stock valued at $43,580,000 after acquiring an additional 124,577 shares during the period. National Bank of Canada FI purchased a new position in shares of Highwoods Properties during the fourth quarter valued at about $1,147,000. Natixis Advisors L.P. increased its position in shares of Highwoods Properties by 31.7% during the fourth quarter. Natixis Advisors L.P. now owns 23,387 shares of the real estate investment trust’s stock valued at $536,000 after buying an additional 5,624 shares during the period. Victory Capital Management Inc. increased its position in shares of Highwoods Properties by 2.8% during the fourth quarter. Victory Capital Management Inc. now owns 747,405 shares of the real estate investment trust’s stock valued at $17,160,000 after buying an additional 20,599 shares during the period. Finally, Van ECK Associates Corp increased its position in shares of Highwoods Properties by 23.3% during the fourth quarter. Van ECK Associates Corp now owns 16,853 shares of the real estate investment trust’s stock valued at $387,000 after buying an additional 3,189 shares during the period. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Highwoods Properties Stock Up 2.4 %

Shares of Highwoods Properties stock opened at $27.73 on Wednesday. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 22.73 and a beta of 1.20. The company’s 50 day moving average is $25.33 and its 200 day moving average is $23.04. Highwoods Properties, Inc. has a twelve month low of $17.06 and a twelve month high of $27.81. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.37.

Highwoods Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Monday, May 20th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $2.00 dividend on an annualized basis and a yield of 7.21%. Highwoods Properties’s dividend payout ratio is currently 163.93%.

Analyst Upgrades and Downgrades

Several research firms recently commented on HIW. Morgan Stanley boosted their price objective 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. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Highwoods Properties from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Truist Financial upped their target price 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. Finally, Robert W. Baird upped their target price 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. One research 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. According to data from MarketBeat, Highwoods Properties has an average rating of “Hold” and an average target price of $24.75.

Get Our Latest Research Report on Highwoods Properties

Highwoods Properties Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding HIW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Highwoods Properties, Inc. (NYSE:HIWFree Report).

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

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