Vanguard Personalized Indexing Management LLC Sells 46,405 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Vanguard Personalized Indexing Management LLC lessened its stake in Highwoods Properties, Inc. (NYSE:HIW) by 72.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,530 shares of the real estate investment trust’s stock after selling 46,405 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Highwoods Properties were worth $402,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of 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 purchasing an additional 1,139,688 shares during the period. Daiwa Securities Group Inc. lifted its stake in Highwoods Properties by 0.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,328,382 shares of the real estate investment trust’s stock worth $53,459,000 after acquiring an additional 9,397 shares during the period. PGGM Investments bought a new position in Highwoods Properties during the 4th quarter worth about $46,833,000. Charles Schwab Investment Management Inc. increased its position in Highwoods Properties by 7.0% during the 4th 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 purchasing an additional 124,577 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of Highwoods Properties by 47.6% in the 3rd quarter. AQR Capital Management LLC now owns 1,565,801 shares of the real estate investment trust’s stock valued at $32,271,000 after purchasing an additional 504,777 shares in the last quarter. 96.31% of the stock is currently owned by institutional investors.

Highwoods Properties Stock Up 0.7 %

Highwoods Properties stock opened at $25.51 on Friday. Highwoods Properties, Inc. has a fifty-two week low of $17.06 and a fifty-two week high of $28.45. The company has a market cap of $2.70 billion, a PE ratio of 20.91 and a beta of 1.20. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.34 and a current ratio of 1.34. The business’s 50-day simple moving average is $25.60 and its two-hundred day simple moving average is $23.42.

Highwoods Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Monday, May 20th will be given a $0.50 dividend. The ex-dividend date is Friday, May 17th. This represents a $2.00 dividend on an annualized basis and a yield of 7.84%. Highwoods Properties’s dividend payout ratio is currently 163.93%.

Analyst Ratings Changes

Several equities analysts recently issued reports on HIW shares. Morgan Stanley lifted their price objective 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. Deutsche Bank Aktiengesellschaft boosted their target price on 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 increased their price target on Highwoods Properties from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Finally, Robert W. Baird boosted their price target on Highwoods Properties from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $24.75.

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.