California Public Employees Retirement System Increases Position in Highwoods Properties, Inc. (NYSE:HIW)

California Public Employees Retirement System raised its stake in shares of Highwoods Properties, Inc. (NYSE:HIW – Get Rating) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 245,432 shares of the real estate investment trust’s stock after purchasing an additional 5,787 shares during the period. California Public Employees Retirement System owned 0.23% of Highwoods Properties worth $6,867,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc increased its position in 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 purchasing an additional 446 shares during the last quarter. Ellevest Inc. increased its position in Highwoods Properties by 98.2% during the fourth quarter. Ellevest Inc. now owns 1,094 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 542 shares during the last quarter. CENTRAL TRUST Co increased its position in Highwoods Properties by 76.6% during the third quarter. CENTRAL TRUST Co now owns 1,095 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 475 shares during the last quarter. Heritage Wealth Advisors increased its position in shares of Highwoods Properties by 59.0% in the fourth quarter. Heritage Wealth Advisors now owns 1,617 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 600 shares in the last quarter. Finally, Signaturefd LLC increased its position in shares of 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 worth $58,000 after acquiring an additional 2,088 shares in the last quarter. Institutional investors and hedge funds own 94.57% of the company’s stock.

Highwoods Properties Trading Up 2.7 %

NYSE HIW opened at $20.62 on Thursday. Highwoods Properties, Inc. has a 12 month low of $19.45 and a 12 month high of $40.41. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 13.66 and a beta of 1.13. The company’s fifty day moving average price is $22.30 and its two-hundred day moving average price is $26.42.

Highwoods Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 13th. Shareholders of record on Monday, May 22nd will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 19th. This represents a $2.00 dividend on an annualized basis and a yield of 9.70%. Highwoods Properties’s dividend payout ratio (DPR) is 132.45%.

Insider Buying and Selling at Highwoods Properties

In other Highwoods Properties news, CEO Theodore J. Klinck purchased 5,000 shares of Highwoods Properties stock in a transaction dated Thursday, March 23rd. The shares were bought at an average cost of $19.81 per share, for a total transaction of $99,050.00. Following the transaction, the chief executive officer now owns 337,177 shares in the company, valued at approximately $6,679,476.37. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Truist Financial dropped their price objective on shares of Highwoods Properties from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Monday, February 27th. Morgan Stanley dropped their price objective on shares of Highwoods Properties from $26.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, March 31st. StockNews.com began coverage on shares of Highwoods Properties in a research report on Thursday. They issued a “hold” rating for the company. Credit Suisse Group decreased their target price on shares of Highwoods Properties from $29.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday, January 24th. Finally, Wells Fargo & Company decreased their target price on shares of Highwoods Properties from $34.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, March 16th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $29.71.

Highwoods Properties Profile

(Get Rating)

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.