Highwoods Properties, Inc. (NYSE:HIW) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lessened its stake in shares of Highwoods Properties, Inc. (NYSE:HIW) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 305,728 shares of the real estate investment trust’s stock after selling 3,346 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.29% of Highwoods Properties worth $7,020,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Ameritas Investment Partners Inc. raised its position in shares of Highwoods Properties by 1.5% during the 1st quarter. Ameritas Investment Partners Inc. now owns 28,020 shares of the real estate investment trust’s stock worth $1,282,000 after purchasing an additional 416 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of Highwoods Properties by 7.2% during the 1st quarter. Mackenzie Financial Corp now owns 6,573 shares of the real estate investment trust’s stock worth $301,000 after purchasing an additional 439 shares during the last quarter. CENTRAL TRUST Co raised its position in shares of 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 last quarter. Raymond James & Associates raised its position in shares of Highwoods Properties by 4.1% during the 4th quarter. Raymond James & Associates now owns 13,731 shares of the real estate investment trust’s stock worth $315,000 after purchasing an additional 536 shares during the last quarter. Finally, Cibc World Markets Corp raised its position in shares of Highwoods Properties by 1.2% during the 1st quarter. Cibc World Markets Corp now owns 52,803 shares of the real estate investment trust’s stock worth $2,415,000 after purchasing an additional 621 shares during the last quarter. Institutional investors and hedge funds own 96.31% of the company’s stock.

Highwoods Properties Stock Performance

Highwoods Properties stock opened at $24.48 on Friday. The firm has a 50 day simple moving average of $24.38 and a 200-day simple moving average of $22.00. Highwoods Properties, Inc. has a 1-year low of $17.06 and a 1-year high of $26.27. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 17.61 and a beta of 1.23.

Highwoods Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.00 annualized dividend and a dividend yield of 8.17%. Highwoods Properties’s dividend payout ratio (DPR) is 143.89%.

Wall Street Analyst Weigh In

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

Highwoods Properties Company Profile

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.