Lazard Asset Management LLC Boosts Stock Holdings in Highwoods Properties, Inc. (NYSE:HIW)

Lazard Asset Management LLC grew its holdings in Highwoods Properties, Inc. (NYSE:HIW – Get Rating) by 28.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,946 shares of the real estate investment trust’s stock after purchasing an additional 866 shares during the period. Lazard Asset Management LLC’s holdings in Highwoods Properties were worth $106,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Signaturefd LLC raised its holdings in Highwoods Properties by 4,350.0% during the 3rd quarter. Signaturefd LLC now owns 2,136 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 2,088 shares during the period. Quantbot Technologies LP boosted its stake in Highwoods Properties by 165.3% during the second quarter. Quantbot Technologies LP now owns 2,181 shares of the real estate investment trust’s stock valued at $74,000 after buying an additional 1,359 shares during the period. First Manhattan Co. bought a new stake in shares of Highwoods Properties during the 1st quarter valued at about $100,000. Wipfli Financial Advisors LLC bought a new stake in Highwoods Properties during the third quarter valued at approximately $61,000. Finally, Covestor Ltd grew its position in Highwoods Properties by 82.8% in the first quarter. Covestor Ltd now owns 2,298 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 1,041 shares in the last quarter. 94.57% of the stock is currently owned by hedge funds and other institutional investors.

Highwoods Properties Trading Up 0.1 %

HIW stock opened at $27.19 on Monday. The firm has a market cap of $2.86 billion, a PE ratio of 18.50 and a beta of 1.14. The firm has a fifty day moving average price of $28.81 and a 200 day moving average price of $28.74. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.15 and a current ratio of 1.15. Highwoods Properties, Inc. has a fifty-two week low of $24.51 and a fifty-two week high of $47.01.

Highwoods Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 14th. Shareholders of record on Tuesday, February 21st will be paid a $0.50 dividend. The ex-dividend date is Friday, February 17th. This represents a $2.00 dividend on an annualized basis and a yield of 7.36%. Highwoods Properties’s payout ratio is 136.05%.

Analysts Set New Price Targets

HIW has been the subject of several analyst reports. Wells Fargo & Company increased their target price on Highwoods Properties from $30.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, November 22nd. Morgan Stanley dropped their price target on Highwoods Properties from $30.00 to $29.00 and set an “overweight” rating on the stock in a research report on Friday, February 24th. Truist Financial cut their price objective on shares of Highwoods Properties from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Monday, February 27th. Finally, Credit Suisse Group reduced their price target on Highwoods Properties from $29.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, January 24th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $31.71.

Highwoods Properties Company Profile

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Highwoods Properties, Inc operates as a real estate investment trust, which engages in the operation, acquisition and development of rental office properties. It operates through the following geographical segments: Atlanta, Charlotte, Nashville, Orlando, Raleigh, Richmond, and Tampa. The company was founded by Ronald P.