New York State Common Retirement Fund Has $2.07 Million Stock Holdings in Highwoods Properties, Inc. (NYSE:HIW)

New York State Common Retirement Fund lifted its position in Highwoods Properties, Inc. (NYSE:HIW) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,002 shares of the real estate investment trust’s stock after buying an additional 6,746 shares during the quarter. New York State Common Retirement Fund’s holdings in Highwoods Properties were worth $2,066,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Commonwealth Equity Services LLC boosted its stake in Highwoods Properties by 4.1% during 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 purchasing an additional 937 shares during the period. Raymond James & Associates grew its stake in shares of Highwoods Properties by 11.1% in the third quarter. Raymond James & Associates now owns 13,195 shares of the real estate investment trust’s stock worth $272,000 after acquiring an additional 1,320 shares during the last quarter. New York State Teachers Retirement System increased its position in Highwoods Properties by 4.5% during the third quarter. New York State Teachers Retirement System now owns 180,253 shares of the real estate investment trust’s stock worth $3,715,000 after acquiring an additional 7,827 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Highwoods Properties by 6.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,748 shares of the real estate investment trust’s stock valued at $799,000 after purchasing an additional 2,415 shares during the last quarter. Finally, Strs Ohio boosted its holdings in Highwoods Properties by 65.0% in the 3rd quarter. Strs Ohio now owns 286,598 shares of the real estate investment trust’s stock valued at $5,906,000 after purchasing an additional 112,904 shares during the period. 96.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on HIW shares. Truist Financial boosted their price objective on shares of Highwoods Properties from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Robert W. Baird upped 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. Morgan Stanley raised their price objective 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, Deutsche Bank Aktiengesellschaft boosted their price objective on Highwoods Properties from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Monday. One investment 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $24.75.

Highwoods Properties Trading Down 0.8 %

Shares of HIW opened at $26.40 on Thursday. 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 stock has a market cap of $2.80 billion, a PE ratio of 21.64 and a beta of 1.20. Highwoods Properties, Inc. has a 1 year low of $17.06 and a 1 year high of $27.57. The stock has a 50 day simple moving average of $25.15 and a 200-day simple moving average of $22.75.

Highwoods Properties Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 7.58%. The ex-dividend date of this dividend is Friday, May 17th. Highwoods Properties’s dividend payout ratio (DPR) is 163.93%.

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.