Swiss National Bank raised its holdings in Highwoods Properties Inc (NYSE:HIW) by 3.1% during the first quarter, HoldingsChannel reports. The firm owned 188,602 shares of the real estate investment trust’s stock after purchasing an additional 5,700 shares during the quarter. Swiss National Bank’s holdings in Highwoods Properties were worth $8,823,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in HIW. Capital Investment Advisory Services LLC purchased a new stake in shares of Highwoods Properties during the 4th quarter worth approximately $27,000. Daiwa SB Investments Ltd. boosted its stake in shares of Highwoods Properties by 47.9% during the 1st quarter. Daiwa SB Investments Ltd. now owns 710 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 230 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Highwoods Properties by 663.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 771 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 670 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Highwoods Properties by 110.1% during the 1st quarter. Quadrant Capital Group LLC now owns 912 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 478 shares in the last quarter. Finally, Private Capital Group LLC boosted its stake in shares of Highwoods Properties by 261.2% during the 1st quarter. Private Capital Group LLC now owns 1,062 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 768 shares in the last quarter. 93.77% of the stock is currently owned by institutional investors.
Several equities research analysts have recently commented on HIW shares. TheStreet lowered Highwoods Properties from a “b-” rating to a “c+” rating in a research note on Monday, May 13th. Zacks Investment Research raised Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $51.25.
Highwoods Properties (NYSE:HIW) last issued its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.72 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.12). The business had revenue of $172.36 million during the quarter, compared to analyst estimates of $181.72 million. Highwoods Properties had a net margin of 20.42% and a return on equity of 6.59%. The company’s revenue was down 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 earnings per share. On average, analysts forecast that Highwoods Properties Inc will post 3.34 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Monday, May 13th were issued a $0.475 dividend. The ex-dividend date was Friday, May 10th. This represents a $1.90 annualized dividend and a yield of 4.27%. Highwoods Properties’s dividend payout ratio (DPR) is presently 55.07%.
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Highwoods Properties Company Profile
Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (?REIT?) and a member of the S&P MidCap 400 Index. The Company is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.
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