Nuveen Asset Management LLC Acquires 110,571 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Nuveen Asset Management LLC boosted its position in shares of Highwoods Properties, Inc. (NYSE:HIW) by 53.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 315,662 shares of the real estate investment trust’s stock after purchasing an additional 110,571 shares during the period. Nuveen Asset Management LLC owned about 0.30% of Highwoods Properties worth $9,653,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp boosted its holdings in shares of Highwoods Properties by 375.0% in the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 675 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Highwoods Properties by 124.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,434 shares of the real estate investment trust’s stock valued at $73,000 after acquiring an additional 1,351 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Highwoods Properties by 363.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,972 shares of the real estate investment trust’s stock worth $91,000 after buying an additional 2,331 shares in the last quarter. FIL Ltd boosted its stake in shares of Highwoods Properties by 26.8% in the 4th quarter. FIL Ltd now owns 3,744 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 791 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Highwoods Properties by 26.1% during the 4th quarter. Venturi Wealth Management LLC now owns 4,111 shares of the real estate investment trust’s stock worth $126,000 after acquiring an additional 851 shares during the last quarter. 96.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HIW shares. Truist Financial cut their price objective on shares of Highwoods Properties from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Jefferies Financial Group began coverage on shares of Highwoods Properties in a report on Monday, March 17th. They issued a “buy” rating and a $32.00 price target on the stock. Wall Street Zen upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a report on Wednesday, April 30th. Finally, Wells Fargo & Company lowered their price target on Highwoods Properties from $35.00 to $31.00 and set an “equal weight” rating for the company in a research report on Monday, May 19th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Highwoods Properties presently has a consensus rating of “Hold” and an average price target of $31.83.

Highwoods Properties Stock Up 0.1%

Shares of HIW opened at $29.55 on Thursday. The business’s 50 day simple moving average is $28.52 and its 200-day simple moving average is $29.52. Highwoods Properties, Inc. has a 1 year low of $24.07 and a 1 year high of $36.78. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 31.11 and a beta of 1.20. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.25 and a quick ratio of 1.25.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.83 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. The firm had revenue of $200.38 million for the quarter, compared to analyst estimates of $201.31 million. During the same quarter last year, the firm posted $0.89 earnings per share. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. As a group, equities analysts expect that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 6.77%. The ex-dividend date is Monday, May 19th. Highwoods Properties’s payout ratio is 124.22%.

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.