Huntington National Bank held its stake in Highwoods Properties Inc. (NYSE:HIW) during the second quarter, Holdings Channel reports. The fund owned 2,307 shares of the real estate investment trust’s stock at the end of the second quarter. Huntington National Bank’s holdings in Highwoods Properties were worth $106,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board raised its stake in 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 worth $206,000 after buying an additional 400 shares during the last quarter. Prudential PLC purchased a new stake in Highwoods Properties during the first quarter worth $215,000. Oakbrook Investments LLC purchased a new stake in Highwoods Properties during the second quarter worth $264,000. BlackRock Japan Co. Ltd raised its stake in Highwoods Properties by 1.7% in the first quarter. BlackRock Japan Co. Ltd now owns 5,083 shares of the real estate investment trust’s stock worth $243,000 after buying an additional 83 shares during the last quarter. Finally, LS Investment Advisors LLC raised its stake in Highwoods Properties by 76.4% in the second quarter. LS Investment Advisors LLC now owns 5,894 shares of the real estate investment trust’s stock worth $311,000 after buying an additional 2,552 shares during the last quarter.
Highwoods Properties Inc. (NYSE:HIW) traded up 0.59% during midday trading on Monday, hitting $49.34. The stock had a trading volume of 268,428 shares. The company has a 50-day moving average price of $51.96 and a 200-day moving average price of $50.46. Highwoods Properties Inc. has a 12-month low of $38.08 and a 12-month high of $56.23. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 9.21 and a beta of 0.89.
Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Wednesday, August 3rd. The real estate investment trust reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.02. The business had revenue of $166.86 million for the quarter, compared to analyst estimates of $164.24 million. Highwoods Properties had a return on equity of 5.22% and a net margin of 78.77%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 EPS. Equities analysts anticipate that Highwoods Properties Inc. will post $3.26 EPS for the current year.
A number of analysts recently weighed in on the stock. Wood & Company restated a “buy” rating and set a $62.00 target price on shares of Highwoods Properties in a research note on Thursday, August 4th. BTIG Research assumed coverage on shares of Highwoods Properties in a research note on Thursday, August 25th. They set a “neutral” rating on the stock. Oppenheimer Holdings Inc. upped their target price on shares of Highwoods Properties from $55.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 3rd. Zacks Investment Research upgraded shares of Highwoods Properties from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Wednesday, October 5th. Finally, Citigroup Inc. upped their target price on shares of Highwoods Properties from $47.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, July 7th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Highwoods Properties presently has a consensus rating of “Hold” and a consensus target price of $53.20.
In other news, SVP Jeffrey Douglas Miller sold 4,214 shares of Highwoods Properties stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $52.52, for a total value of $221,319.28. Following the transaction, the senior vice president now directly owns 70,329 shares of the company’s stock, valued at approximately $3,693,679.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is owned by insiders.
About Highwoods Properties
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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