Highwoods Properties, Inc. (NYSE:HIW) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its holdings in Highwoods Properties, Inc. (NYSE:HIW) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 697,672 shares of the real estate investment trust’s stock after buying an additional 3,658 shares during the period. Russell Investments Group Ltd.’s holdings in Highwoods Properties were worth $16,079,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. 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 acquiring an additional 536 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Highwoods Properties by 6.1% during the third quarter. PNC Financial Services Group Inc. now owns 12,369 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 716 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Highwoods Properties by 1.3% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 62,573 shares of the real estate investment trust’s stock worth $1,290,000 after buying an additional 821 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Highwoods Properties by 4.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 23,918 shares of the real estate investment trust’s stock valued at $493,000 after buying an additional 937 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of Highwoods Properties by 3.1% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 31,423 shares of the real estate investment trust’s stock valued at $648,000 after buying an additional 943 shares in the last quarter. 96.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HIW shares. Truist Financial boosted their price target 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. Deutsche Bank Aktiengesellschaft started coverage on Highwoods Properties in a report on Tuesday, January 30th. They issued a “buy” rating and a $28.00 target price for the company. Morgan Stanley lifted their price target on Highwoods Properties from $18.00 to $21.00 and gave the stock an “underweight” rating in a research report on Thursday, March 28th. Finally, Robert W. Baird increased their price objective on Highwoods Properties from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. One research 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’s stock. According to MarketBeat, Highwoods Properties presently has an average rating of “Hold” and a consensus target price of $24.38.

Highwoods Properties Trading Up 0.5 %

Shares of HIW stock opened at $26.77 on Friday. The company has a market capitalization of $2.84 billion, a P/E ratio of 21.94 and a beta of 1.23. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.37. The business’s 50 day moving average is $24.89 and its two-hundred day moving average is $22.51. Highwoods Properties, Inc. has a twelve month low of $17.06 and a twelve month high of $27.57.

Highwoods Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Monday, May 20th will be given a $0.50 dividend. The ex-dividend date is Friday, May 17th. This represents a $2.00 dividend on an annualized basis and a yield of 7.47%. Highwoods Properties’s dividend payout ratio (DPR) is 163.93%.

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.