Commerce Bank Buys 640 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Commerce Bank boosted its stake in Highwoods Properties, Inc. (NYSE:HIWFree Report) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,742 shares of the real estate investment trust’s stock after acquiring an additional 640 shares during the period. Commerce Bank’s holdings in Highwoods Properties were worth $890,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Jump Financial LLC boosted its holdings in Highwoods Properties by 383.5% in the fourth quarter. Jump Financial LLC now owns 220,426 shares of the real estate investment trust’s stock valued at $5,061,000 after acquiring an additional 174,836 shares during the last quarter. Illinois Municipal Retirement Fund bought a new stake in Highwoods Properties in the fourth quarter valued at approximately $1,333,000. Qube Research & Technologies Ltd boosted its holdings in Highwoods Properties by 472.2% in 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 acquiring an additional 134,015 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its stake in Highwoods Properties by 162.1% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 59,826 shares of the real estate investment trust’s stock valued at $1,374,000 after buying an additional 37,002 shares during the period. Finally, Schroder Investment Management Group lifted its stake in Highwoods Properties by 36.0% in the third quarter. Schroder Investment Management Group now owns 258,031 shares of the real estate investment trust’s stock valued at $5,318,000 after buying an additional 68,342 shares during the period. 96.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on HIW shares. Truist Financial boosted their price target on Highwoods Properties from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Robert W. Baird boosted their price target on Highwoods Properties from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Morgan Stanley boosted their price target on Highwoods Properties from $18.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, March 28th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Highwoods Properties from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, May 6th. 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $24.75.

Read Our Latest Report on HIW

Highwoods Properties Stock Performance

Shares of Highwoods Properties stock opened at $24.41 on Thursday. The company has a market cap of $2.59 billion, a PE ratio of 20.01 and a beta of 1.20. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.37. Highwoods Properties, Inc. has a 52 week low of $17.06 and a 52 week high of $28.45. The business has a 50 day moving average price of $25.61 and a 200-day moving average price of $23.57.

Highwoods Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders 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 yield of 8.19%. The ex-dividend date is Friday, May 17th. Highwoods Properties’s dividend payout ratio (DPR) is presently 163.93%.

About Highwoods Properties

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Highwoods Properties (NYSE:HIW)

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