Guggenheim Capital LLC raised its position in Highwoods Properties, Inc. (NYSE:HIW – Free Report) by 1.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,852 shares of the real estate investment trust’s stock after purchasing an additional 950 shares during the period. Guggenheim Capital LLC owned 0.06% of Highwoods Properties worth $1,504,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Sound Income Strategies LLC increased its position in shares of Highwoods Properties by 254.9% in the 1st quarter. Sound Income Strategies LLC now owns 1,118 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 803 shares during the last quarter. Allworth Financial LP grew its position in shares of Highwoods Properties by 716.1% in the 1st quarter. Allworth Financial LP now owns 1,118 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 981 shares during the last quarter. Belpointe Asset Management LLC purchased a new position in shares of Highwoods Properties in the 4th quarter valued at $28,000. CENTRAL TRUST Co grew its position in shares of Highwoods Properties by 76.6% in the 3rd quarter. CENTRAL TRUST Co now owns 1,095 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 475 shares during the last quarter. Finally, IFP Advisors Inc grew its position in shares of Highwoods Properties by 103.2% in the 4th quarter. IFP Advisors Inc now owns 878 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 446 shares during the last quarter. 96.31% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
HIW has been the topic of a number of recent analyst reports. StockNews.com began coverage on shares of Highwoods Properties in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Citigroup raised their price objective on shares of Highwoods Properties from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 1st. 888 reissued a “maintains” rating on shares of Highwoods Properties in a research report on Tuesday, May 30th. Morgan Stanley reissued an “equal weight” rating and set a $22.00 price objective on shares of Highwoods Properties in a research report on Wednesday, July 19th. Finally, SpectralCast reissued a “maintains” rating on shares of Highwoods Properties in a research report on Tuesday, May 30th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $27.57.
Highwoods Properties Stock Up 1.1 %
HIW stock opened at $24.09 on Friday. Highwoods Properties, Inc. has a one year low of $19.45 and a one year high of $31.96. The stock has a market capitalization of $2.55 billion, a PE ratio of 16.73 and a beta of 1.17. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.20 and a current ratio of 1.20. The company has a fifty day moving average of $24.26 and a 200-day moving average of $23.53.
Highwoods Properties Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Monday, August 21st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 8.30%. The ex-dividend date of this dividend is Friday, August 18th. Highwoods Properties’s dividend payout ratio (DPR) is presently 138.89%.
Highwoods Properties Company Profile
Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (REIT) and a member of the S&P MidCap 400 Index. The Company is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.
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