Macquarie Group Ltd. Decreases Stock Position in Highwoods Properties, Inc. (NYSE:HIW)

Macquarie Group Ltd. lessened its stake in Highwoods Properties, Inc. (NYSE:HIW – Get Rating) by 76.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 227,203 shares of the real estate investment trust’s stock after selling 757,120 shares during the period. Macquarie Group Ltd. owned about 0.22% of Highwoods Properties worth $6,252,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC lifted its position in Highwoods Properties by 4,350.0% in the third quarter. Signaturefd LLC now owns 2,136 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 2,088 shares during the last quarter. Wipfli Financial Advisors LLC purchased a new position in shares of Highwoods Properties in the third quarter valued at about $61,000. Quantbot Technologies LP raised its stake in shares of 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 acquiring an additional 1,359 shares during the last quarter. Neo Ivy Capital Management boosted its holdings in shares of Highwoods Properties by 409.7% during the second quarter. Neo Ivy Capital Management now owns 2,314 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 1,860 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in shares of Highwoods Properties by 152.6% in the third quarter. Quadrant Capital Group LLC now owns 2,913 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 1,760 shares during the last quarter. 94.57% of the stock is currently owned by hedge funds and other institutional investors.

Highwoods Properties Trading Down 3.0 %

NYSE:HIW opened at $26.07 on Wednesday. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 17.73 and a beta of 1.14. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.29. The company’s 50 day moving average price is $28.75 and its 200-day moving average price is $28.63. Highwoods Properties, Inc. has a 52 week low of $24.51 and a 52 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 dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, February 17th. This represents a $2.00 annualized dividend and a yield of 7.67%. Highwoods Properties’s dividend payout ratio is 136.05%.

Wall Street Analyst Weigh In

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