Highwoods Properties, Inc. (NYSE:HIW) Holdings Decreased by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its position in Highwoods Properties, Inc. (NYSE:HIW) by 5.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 170,153 shares of the real estate investment trust’s stock after selling 10,100 shares during the period. New York State Teachers Retirement System’s holdings in Highwoods Properties were worth $3,907,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Quarry LP acquired a new stake in Highwoods Properties in the first quarter worth $27,000. CENTRAL TRUST Co increased its position in Highwoods Properties by 76.6% in the third quarter. CENTRAL TRUST Co now owns 1,095 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 475 shares during the period. International Assets Investment Management LLC acquired a new stake in Highwoods Properties in the fourth quarter worth $31,000. Planned Solutions Inc. acquired a new stake in Highwoods Properties in the fourth quarter worth $38,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Highwoods Properties in the third quarter worth $44,000. 96.31% of the stock is currently owned by institutional investors.

Highwoods Properties Trading Down 2.5 %

NYSE:HIW opened at $24.48 on Monday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.33. 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 $2.59 billion, a price-to-earnings ratio of 17.61 and a beta of 1.23. The stock has a fifty day simple moving average of $24.38 and a 200 day simple moving average of $22.02.

Highwoods Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were given a $0.50 dividend. The ex-dividend date was Friday, February 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.17%. Highwoods Properties’s dividend payout ratio (DPR) is 143.88%.

Analyst Upgrades and Downgrades

HIW has been the topic of a number of research analyst reports. Truist Financial raised their price target on Highwoods Properties from $28.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Morgan Stanley raised 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. Robert W. Baird raised their price target on Highwoods Properties from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Highwoods Properties in a report on Tuesday, January 30th. They set a “buy” rating and a $28.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.