Mutual of America Capital Management LLC Lowers Holdings in Highwoods Properties, Inc. (NYSE:HIW)

Mutual of America Capital Management LLC lowered its stake in shares of Highwoods Properties, Inc. (NYSE:HIW) by 10.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 110,774 shares of the real estate investment trust’s stock after selling 12,499 shares during the period. Mutual of America Capital Management LLC’s holdings in Highwoods Properties were worth $2,543,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Highwoods Properties by 7.0% during the 3rd quarter. Vanguard Group Inc. now owns 17,371,014 shares of the real estate investment trust’s stock valued at $358,017,000 after buying an additional 1,139,688 shares in the last quarter. BlackRock Inc. raised its position in shares of Highwoods Properties by 1.8% during the 2nd quarter. BlackRock Inc. now owns 12,747,900 shares of the real estate investment trust’s stock valued at $304,802,000 after buying an additional 229,179 shares in the last quarter. State Street Corp raised its position in shares of Highwoods Properties by 7.3% during the 1st quarter. State Street Corp now owns 6,974,055 shares of the real estate investment trust’s stock valued at $161,728,000 after buying an additional 476,481 shares in the last quarter. Northern Trust Corp raised its position in shares of Highwoods Properties by 30.9% during the 1st quarter. Northern Trust Corp now owns 2,086,478 shares of the real estate investment trust’s stock valued at $95,435,000 after buying an additional 492,851 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of Highwoods Properties by 55.5% during the 3rd quarter. Morgan Stanley now owns 1,818,635 shares of the real estate investment trust’s stock valued at $37,482,000 after buying an additional 649,394 shares in the last quarter. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Highwoods Properties Stock Performance

Shares of NYSE:HIW opened at $24.18 on Friday. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 17.39 and a beta of 1.23. The company has a 50-day moving average price of $24.50 and a 200-day moving average price of $22.12. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.33. Highwoods Properties, Inc. has a 12 month low of $17.06 and a 12 month high of $26.27.

Highwoods Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Monday, May 20th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 8.27%. The ex-dividend date of this dividend is Friday, May 17th. Highwoods Properties’s dividend payout ratio (DPR) is 143.88%.

Highwoods Properties 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.