Hantz Financial Services Inc. Makes New $820,000 Investment in Highwoods Properties, Inc. (NYSE:HIW)

Hantz Financial Services Inc. purchased a new stake in Highwoods Properties, Inc. (NYSE:HIW) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 31,206 shares of the real estate investment trust’s stock, valued at approximately $820,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. PGGM Investments increased its stake in Highwoods Properties by 77.9% in the second quarter. PGGM Investments now owns 3,629,485 shares of the real estate investment trust’s stock valued at $95,347,000 after acquiring an additional 1,589,730 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Highwoods Properties by 42.0% in the fourth quarter. Franklin Resources Inc. now owns 4,614,624 shares of the real estate investment trust’s stock worth $105,952,000 after acquiring an additional 1,364,176 shares during the last quarter. Norges Bank acquired a new stake in shares of Highwoods Properties in the 4th quarter valued at approximately $24,306,000. Allianz Asset Management GmbH grew its holdings in shares of Highwoods Properties by 402.4% during the 4th quarter. Allianz Asset Management GmbH now owns 485,191 shares of the real estate investment trust’s stock valued at $11,140,000 after purchasing an additional 388,617 shares during the last quarter. Finally, M&G Plc bought a new position in Highwoods Properties in the 1st quarter valued at approximately $10,047,000. 96.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HIW. Deutsche Bank Aktiengesellschaft increased 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. Truist Financial upped their price objective on Highwoods Properties from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Finally, Robert W. Baird upped their price target on shares of Highwoods Properties from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Highwoods Properties currently has a consensus rating of “Hold” and an average price target of $26.50.

Highwoods Properties Stock Up 1.7 %

Highwoods Properties stock opened at $32.22 on Friday. The firm’s fifty day moving average is $29.22 and its 200 day moving average is $26.62. Highwoods Properties, Inc. has a 12-month low of $17.06 and a 12-month high of $32.30. The company has a market capitalization of $3.42 billion, a PE ratio of 26.41 and a beta of 1.26. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.34.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.59 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.31). Highwoods Properties had a net margin of 18.30% and a return on equity of 6.33%. The firm had revenue of $204.74 million for the quarter, compared to the consensus estimate of $205.06 million. During the same quarter in the prior year, the firm earned $0.94 EPS. The company’s revenue was down 1.2% compared to the same quarter last year. As a group, sell-side analysts predict that Highwoods Properties, Inc. will post 3.58 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 6.21%. The ex-dividend date is Monday, August 19th. Highwoods Properties’s payout ratio is presently 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.