Highwoods Properties, Inc. (NYSE:HIW) Shares Acquired by UBS Group AG

UBS Group AG lifted its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW – Get Rating) by 16.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 239,397 shares of the real estate investment trust’s stock after buying an additional 33,720 shares during the period. UBS Group AG owned approximately 0.23% of Highwoods Properties worth $6,698,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Cohen & Steers Inc. boosted its position in shares of Highwoods Properties by 9.4% during the third quarter. Cohen & Steers Inc. now owns 17,239,625 shares of the real estate investment trust’s stock worth $464,708,000 after buying an additional 1,475,867 shares during the period. Vanguard Group Inc. raised its holdings in Highwoods Properties by 1.2% during the third quarter. Vanguard Group Inc. now owns 16,319,629 shares of the real estate investment trust’s stock worth $439,978,000 after purchasing an additional 193,977 shares in the last quarter. State Street Corp raised its holdings in Highwoods Properties by 0.9% during the second quarter. State Street Corp now owns 6,399,371 shares of the real estate investment trust’s stock worth $218,794,000 after purchasing an additional 55,672 shares in the last quarter. Northern Trust Corp raised its holdings in Highwoods Properties by 30.9% during the first quarter. Northern Trust Corp now owns 2,086,478 shares of the real estate investment trust’s stock worth $95,435,000 after purchasing an additional 492,851 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Highwoods Properties by 4.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,588,575 shares of the real estate investment trust’s stock worth $72,662,000 after purchasing an additional 62,058 shares in the last quarter. 94.57% of the stock is currently owned by institutional investors and hedge funds.

Highwoods Properties Trading Down 1.2 %

NYSE HIW opened at $20.26 on Friday. Highwoods Properties, Inc. has a twelve month low of $19.45 and a twelve month high of $39.53. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 13.42 and a beta of 1.13. The firm’s 50 day moving average price is $22.01 and its two-hundred day moving average price is $26.12.

Highwoods Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 13th. Stockholders of record on Monday, May 22nd will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 9.87%. The ex-dividend date of this dividend is Friday, May 19th. Highwoods Properties’s dividend payout ratio is currently 132.45%.

Insider Activity

In related news, CEO Theodore J. Klinck purchased 5,000 shares of the stock in a transaction dated Thursday, March 23rd. The shares were acquired at an average cost of $19.81 per share, for a total transaction of $99,050.00. Following the acquisition, the chief executive officer now directly owns 337,177 shares in the company, valued at approximately $6,679,476.37. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. StockNews.com assumed coverage on Highwoods Properties in a report on Thursday, May 18th. They set a “hold” rating on the stock. Wells Fargo & Company dropped their price target on Highwoods Properties from $34.00 to $26.00 and set an “overweight” rating on the stock in a report on Thursday, March 16th. Morgan Stanley dropped their price target on Highwoods Properties from $26.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, March 31st. Finally, Truist Financial dropped their price target on Highwoods Properties from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Monday, February 27th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $29.71.

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.