Raymond James & Associates Has $315,000 Stake in Highwoods Properties, Inc. (NYSE:HIW)

Raymond James & Associates lifted its holdings in Highwoods Properties, Inc. (NYSE:HIW) by 4.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,731 shares of the real estate investment trust’s stock after acquiring an additional 536 shares during the quarter. Raymond James & Associates’ holdings in Highwoods Properties were worth $315,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HIW. Vanguard Group Inc. grew its stake in 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 acquiring an additional 1,139,688 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Highwoods Properties by 47.6% during the third quarter. AQR Capital Management LLC now owns 1,565,801 shares of the real estate investment trust’s stock worth $32,271,000 after purchasing an additional 504,777 shares during the period. Senvest Management LLC grew its position in Highwoods Properties by 37.2% during the third quarter. Senvest Management LLC now owns 1,041,309 shares of the real estate investment trust’s stock valued at $21,461,000 after purchasing an additional 282,210 shares in the last quarter. Principal Financial Group Inc. grew its position in Highwoods Properties by 41.9% during the third quarter. Principal Financial Group Inc. now owns 561,832 shares of the real estate investment trust’s stock valued at $11,579,000 after purchasing an additional 165,948 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its position in Highwoods Properties by 472.2% during the third quarter. Qube Research & Technologies Ltd now owns 162,397 shares of the real estate investment trust’s stock valued at $3,347,000 after purchasing an additional 134,015 shares in the last quarter. 96.31% of the stock is owned by institutional investors and hedge funds.

Highwoods Properties Stock Performance

HIW stock opened at $25.68 on Monday. The company has a quick ratio of 1.24, a current ratio of 1.34 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 21.05 and a beta of 1.23. Highwoods Properties, Inc. has a 12 month low of $17.06 and a 12 month high of $26.42. The firm has a 50 day moving average of $24.69 and a two-hundred day moving average of $22.37.

Highwoods Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Monday, May 20th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 7.79%. The ex-dividend date is Friday, May 17th. Highwoods Properties’s dividend payout ratio is 163.93%.

Analyst Ratings Changes

A number of research analysts recently commented on HIW shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Highwoods Properties in a research report on Tuesday, January 30th. They set a “buy” rating and a $28.00 price objective on the stock. Truist Financial boosted their price objective on shares of Highwoods Properties from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Robert W. Baird boosted their price objective 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, Morgan Stanley boosted 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. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Highwoods Properties has an average 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.