State of Alaska Department of Revenue Trims Stock Holdings in Highwoods Properties, Inc. (NYSE:HIW)

State of Alaska Department of Revenue reduced its holdings in shares of Highwoods Properties, Inc. (NYSE:HIWFree Report) by 0.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 172,723 shares of the real estate investment trust’s stock after selling 1,249 shares during the period. State of Alaska Department of Revenue owned about 0.16% of Highwoods Properties worth $3,963,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Quarry LP bought a new position in shares of Highwoods Properties in the first quarter worth about $27,000. CENTRAL TRUST Co increased its holdings in Highwoods Properties by 76.6% during the 3rd 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 period. Planned Solutions Inc. bought a new stake in Highwoods Properties during the 4th quarter valued at $38,000. Harvest Fund Management Co. Ltd bought a new position in Highwoods Properties during the 3rd quarter worth about $44,000. Finally, Quantbot Technologies LP increased its position in Highwoods Properties by 165.3% during the 2nd quarter. Quantbot Technologies LP now owns 2,181 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 1,359 shares during the period. Institutional investors own 96.31% of the company’s stock.

Highwoods Properties Trading Down 1.9 %

Shares of NYSE:HIW opened at $24.59 on Wednesday. The business’s 50 day moving average price is $24.04 and its 200-day moving average price is $21.82. Highwoods Properties, Inc. has a 1 year low of $17.06 and a 1 year high of $26.27. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 17.69 and a beta of 1.23. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.24 and a quick ratio of 1.24.

Highwoods Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.00 annualized dividend and a yield of 8.13%. Highwoods Properties’s dividend payout ratio (DPR) is currently 143.89%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HIW. Morgan Stanley lifted their price target on Highwoods Properties from $18.00 to $21.00 and gave the company an “underweight” rating in a report on Thursday, March 28th. Truist Financial lifted their price objective on shares of Highwoods Properties from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Robert W. Baird increased their target price on shares of Highwoods Properties from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Highwoods Properties in a report on Tuesday, January 30th. They issued a “buy” rating and a $28.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Highwoods Properties currently has a consensus rating of “Hold” and an average target price of $24.38.

Get Our Latest Research Report on HIW

Highwoods Properties Company Profile

(Free Report)

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (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.

Recommended Stories

Want to see what other hedge funds are holding HIW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Highwoods Properties, Inc. (NYSE:HIWFree Report).

Institutional Ownership by Quarter for Highwoods Properties (NYSE:HIW)

Receive News & Ratings for Highwoods Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Highwoods Properties and related companies with MarketBeat.com's FREE daily email newsletter.