Thrivent Financial for Lutherans Cuts Stock Position in Highwoods Properties, Inc. (NYSE:HIW)

Thrivent Financial for Lutherans lessened its holdings in Highwoods Properties, Inc. (NYSE:HIW – Get Rating) by 57.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 95,766 shares of the real estate investment trust’s stock after selling 131,374 shares during the period. Thrivent Financial for Lutherans owned 0.09% of Highwoods Properties worth $2,680,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of HIW. Oregon Public Employees Retirement Fund increased its position in shares of Highwoods Properties by 1.2% during the third quarter. Oregon Public Employees Retirement Fund now owns 30,643 shares of the real estate investment trust’s stock worth $826,000 after acquiring an additional 357 shares during the period. United Services Automobile Association increased its position in shares of Highwoods Properties by 3.6% during the third quarter. United Services Automobile Association now owns 11,622 shares of the real estate investment trust’s stock worth $312,000 after acquiring an additional 400 shares during the period. Ameritas Investment Partners Inc. increased its position in shares of Highwoods Properties by 1.5% during the first quarter. Ameritas Investment Partners Inc. now owns 28,020 shares of the real estate investment trust’s stock worth $1,282,000 after acquiring an additional 416 shares during the period. Mackenzie Financial Corp increased its position in shares of Highwoods Properties by 7.2% during the first quarter. Mackenzie Financial Corp now owns 6,573 shares of the real estate investment trust’s stock worth $301,000 after acquiring an additional 439 shares during the period. Finally, IFP Advisors Inc increased its position in shares of Highwoods Properties by 103.2% during the fourth quarter. IFP Advisors Inc now owns 878 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 446 shares during the period. Hedge funds and other institutional investors own 94.57% of the company’s stock.

Analyst Ratings Changes

HIW has been the topic of a number of research reports. Credit Suisse Group reduced their target price on shares of Highwoods Properties from $29.00 to $27.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 24th. StockNews.com initiated coverage on shares of Highwoods Properties in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Wells Fargo & Company reduced their target price on shares of Highwoods Properties from $34.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, March 16th. 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, Morgan Stanley reduced their price target on Highwoods Properties from $26.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, March 31st. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $29.71.

Highwoods Properties Stock Down 3.1 %

HIW opened at $20.08 on Wednesday. Highwoods Properties, Inc. has a twelve month low of $19.45 and a twelve month high of $40.41. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.33. The company has a 50-day moving average price of $22.42 and a 200 day moving average price of $26.47. The company has a market cap of $2.12 billion, a PE ratio of 13.30 and a beta of 1.13.

Highwoods Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 13th. Investors of record on Monday, May 22nd will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 19th. This represents a $2.00 annualized dividend and a dividend yield of 9.96%. Highwoods Properties’s dividend payout ratio (DPR) is presently 132.45%.

Insider Buying and Selling

In related news, CEO Theodore J. Klinck purchased 5,000 shares of Highwoods Properties stock in a transaction that occurred on Thursday, March 23rd. The stock was purchased at an average price of $19.81 per share, for a total transaction of $99,050.00. Following the transaction, the chief executive officer now directly owns 337,177 shares in the company, valued at $6,679,476.37. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.60% of the company’s stock.

About Highwoods Properties

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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.