Axa S.A. Sells 524 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Axa S.A. trimmed its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 103,184 shares of the real estate investment trust’s stock after selling 524 shares during the quarter. Axa S.A. owned approximately 0.10% of Highwoods Properties worth $2,711,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. LSV Asset Management lifted its holdings in shares of Highwoods Properties by 104.4% in the first quarter. LSV Asset Management now owns 263,500 shares of the real estate investment trust’s stock worth $6,898,000 after buying an additional 134,600 shares in the last quarter. M&G Plc bought a new position in shares of Highwoods Properties in the first quarter worth about $10,047,000. Janus Henderson Group PLC grew its holdings in shares of Highwoods Properties by 356.3% in the first quarter. Janus Henderson Group PLC now owns 219,555 shares of the real estate investment trust’s stock worth $5,749,000 after purchasing an additional 171,435 shares during the last quarter. Congress Asset Management Co. MA increased its position in Highwoods Properties by 380.0% during the 4th quarter. Congress Asset Management Co. MA now owns 131,015 shares of the real estate investment trust’s stock valued at $3,008,000 after purchasing an additional 103,721 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Highwoods Properties by 11.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 339,447 shares of the real estate investment trust’s stock valued at $8,887,000 after purchasing an additional 33,719 shares during the period. 96.31% of the stock is currently owned by institutional investors.

Highwoods Properties Stock Down 0.4 %

HIW stock opened at $32.87 on Monday. The company’s 50 day moving average price is $31.48 and its 200 day moving average price is $27.83. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.29 and a current ratio of 1.29. Highwoods Properties, Inc. has a fifty-two week low of $17.06 and a fifty-two week high of $33.96. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 26.94 and a beta of 1.26.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings results 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). The company had revenue of $204.74 million during the quarter, compared to analysts’ expectations of $205.06 million. Highwoods Properties had a net margin of 18.30% and a return on equity of 6.33%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.94 earnings per share. On average, equities research analysts anticipate that Highwoods Properties, Inc. will post 3.59 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 19th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 6.08%. The ex-dividend date was Monday, August 19th. Highwoods Properties’s dividend payout ratio is presently 163.93%.

Analysts Set New Price Targets

A number of research firms have commented on HIW. Robert W. Baird raised their target price 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. Truist Financial lifted their target price on shares of Highwoods Properties from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Finally, Wells Fargo & Company lifted their target price on shares of Highwoods Properties from $22.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $27.29.

About Highwoods Properties

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.