Highwoods Properties Inc (NYSE:HIW) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $47.38 and last traded at $47.36, with a volume of 24144 shares. The stock had previously closed at $46.73.
HIW has been the subject of a number of research analyst reports. SunTrust Banks raised their price target on shares of Highwoods Properties from $50.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. ValuEngine cut shares of Highwoods Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird set a $49.00 price target on shares of Highwoods Properties and gave the stock a “hold” rating in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $50.00.
The company has a debt-to-equity ratio of 1.08, a current ratio of 1.40 and a quick ratio of 1.40. The company’s fifty day moving average is $45.11 and its 200-day moving average is $44.17. The stock has a market cap of $4.87 billion, a PE ratio of 13.77, a PEG ratio of 5.33 and a beta of 0.79.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Monday, November 11th will be issued a dividend of $0.475 per share. The ex-dividend date is Thursday, November 7th. This represents a $1.90 annualized dividend and a dividend yield of 4.00%. Highwoods Properties’s dividend payout ratio (DPR) is presently 55.07%.
Institutional investors have recently modified their holdings of the stock. First Trust Advisors LP increased its holdings in Highwoods Properties by 1.7% in the first quarter. First Trust Advisors LP now owns 64,564 shares of the real estate investment trust’s stock valued at $3,020,000 after buying an additional 1,105 shares in the last quarter. WINTON GROUP Ltd grew its position in shares of Highwoods Properties by 19.6% in the second quarter. WINTON GROUP Ltd now owns 66,960 shares of the real estate investment trust’s stock valued at $2,765,000 after purchasing an additional 10,953 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Highwoods Properties by 33.7% in the second quarter. Nisa Investment Advisors LLC now owns 75,334 shares of the real estate investment trust’s stock valued at $3,111,000 after purchasing an additional 18,999 shares during the period. 6 Meridian grew its position in shares of Highwoods Properties by 2.3% in the second quarter. 6 Meridian now owns 11,483 shares of the real estate investment trust’s stock valued at $474,000 after purchasing an additional 260 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Highwoods Properties by 2.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 41,836 shares of the real estate investment trust’s stock valued at $1,728,000 after purchasing an additional 1,080 shares during the period. 92.74% of the stock is owned by hedge funds and other institutional investors.
Highwoods Properties Company Profile (NYSE:HIW)
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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