Copper Rock Capital Partners LLC reduced its stake in shares of Highwoods Properties Inc. (NYSE:HIW) by 0.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 458,547 shares of the real estate investment trust’s stock after selling 4,197 shares during the period. Copper Rock Capital Partners LLC’s holdings in Highwoods Properties were worth $23,890,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of HIW. Security Capital Research & Management Inc. bought a new position in shares of Highwoods Properties during the second quarter valued at $110,000. Public Employees Retirement Association of Colorado bought a new position in shares of Highwoods Properties during the second quarter valued at $162,000. Canada Pension Plan Investment Board raised its position in shares of Highwoods Properties by 10.3% in the first quarter. Canada Pension Plan Investment Board now owns 4,300 shares of the real estate investment trust’s stock valued at $206,000 after buying an additional 400 shares during the last quarter. Prudential PLC bought a new position in shares of Highwoods Properties during the first quarter valued at $215,000. Finally, Cadence Capital Management LLC bought a new position in shares of Highwoods Properties during the second quarter valued at $234,000.
Shares of Highwoods Properties Inc. (NYSE:HIW) opened at 49.26 on Friday. The firm has a market capitalization of $4.86 billion, a P/E ratio of 9.20 and a beta of 0.89. The firm’s 50-day moving average is $52.08 and its 200-day moving average is $50.44. Highwoods Properties Inc. has a 52 week low of $38.08 and a 52 week high of $56.23.
Highwoods Properties (NYSE:HIW) last released its earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.02. The company had revenue of $166.86 million for the quarter, compared to analysts’ expectations of $164.24 million. Highwoods Properties had a return on equity of 5.22% and a net margin of 78.77%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 EPS. Equities analysts anticipate that Highwoods Properties Inc. will post $3.26 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders of record on Monday, August 15th were paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend was Thursday, August 11th. Highwoods Properties’s payout ratio is 31.89%.
Several equities analysts have recently weighed in on HIW shares. Wood & Company reissued a “buy” rating and issued a $62.00 price objective on shares of Highwoods Properties in a research report on Thursday, August 4th. Zacks Investment Research upgraded shares of Highwoods Properties from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Wednesday. BTIG Research began coverage on shares of Highwoods Properties in a research note on Thursday, August 25th. They issued a “neutral” rating on the stock. SunTrust Banks Inc. upped their price target on shares of Highwoods Properties from $48.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, July 15th. Finally, Citigroup Inc. upped their price target on shares of Highwoods Properties from $47.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, July 7th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $53.20.
In other news, SVP Jeffrey Douglas Miller sold 4,214 shares of Highwoods Properties stock in a transaction on Monday, September 26th. The stock was sold at an average price of $52.52, for a total transaction of $221,319.28. Following the sale, the senior vice president now directly owns 70,329 shares in the company, valued at approximately $3,693,679.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.10% of the company’s stock.
Highwoods Properties Company Profile
Highwoods Properties, Inc is a real estate investment trust. The Company provides leasing, management, development, construction and other customer-related services for its properties and for third-parties. The Company is engaged in the business of operation, acquisition and development of real estate properties.
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