NBC Securities Inc. Raises Holdings in Highwoods Properties, Inc. (NYSE:HIW)

NBC Securities Inc. boosted its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW) by 112,540.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,632 shares of the real estate investment trust’s stock after buying an additional 5,627 shares during the quarter. NBC Securities Inc.’s holdings in Highwoods Properties were worth $166,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HIW. Jones Financial Companies Lllp increased its holdings in Highwoods Properties by 375.0% during 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. GF Fund Management CO. LTD. acquired a new stake in Highwoods Properties in the fourth quarter valued at approximately $59,000. Smartleaf Asset Management LLC boosted its stake in 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 boosted its stake in Highwoods Properties by 363.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,972 shares of the real estate investment trust’s stock valued at $91,000 after acquiring an additional 2,331 shares in the last quarter. Finally, State of Wyoming boosted its stake in Highwoods Properties by 88.4% in the fourth quarter. State of Wyoming now owns 3,137 shares of the real estate investment trust’s stock valued at $96,000 after acquiring an additional 1,472 shares in the last quarter. 96.31% of the stock is owned by hedge funds and other institutional investors.

Highwoods Properties Trading Up 0.3%

NYSE HIW opened at $31.17 on Tuesday. The company has a market capitalization of $3.36 billion, a PE ratio of 32.81 and a beta of 1.21. The company has a fifty day moving average of $28.69 and a 200 day moving average of $29.40. Highwoods Properties, Inc. has a 1 year low of $24.19 and a 1 year high of $36.78. 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 posted its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The company had revenue of $200.38 million during the quarter, compared to the consensus estimate of $201.31 million. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 earnings per share. Research analysts forecast that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $2.00 dividend on an annualized basis and a yield of 6.42%. Highwoods Properties’s payout ratio is 124.22%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HIW. Truist Financial lowered their target price on shares of Highwoods Properties from $33.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Wall Street Zen upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, April 30th. Wells Fargo & Company lowered their target price on shares of Highwoods Properties from $35.00 to $31.00 and set an “equal weight” rating for the company in a research note on Monday, May 19th. Finally, Jefferies Financial Group started coverage on shares of Highwoods Properties in a research note on Monday, March 17th. They set a “buy” rating and a $32.00 price objective for the company. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $31.83.

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.