Highwoods Properties, Inc. (NYSE:HIW) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its holdings in Highwoods Properties, Inc. (NYSE:HIW) by 9.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,456 shares of the real estate investment trust’s stock after selling 1,569 shares during the period. Janney Montgomery Scott LLC’s holdings in Highwoods Properties were worth $428,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp lifted its stake in Highwoods Properties by 375.0% in the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 675 shares in the last quarter. GF Fund Management CO. LTD. acquired a new stake in shares of Highwoods Properties in the fourth quarter valued at approximately $59,000. Smartleaf Asset Management LLC lifted its position in Highwoods Properties by 124.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,434 shares of the real estate investment trust’s stock worth $73,000 after buying an additional 1,351 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position 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. Finally, State of Wyoming boosted its stake in Highwoods Properties by 88.4% during the fourth quarter. State of Wyoming now owns 3,137 shares of the real estate investment trust’s stock worth $96,000 after buying an additional 1,472 shares during the last quarter. 96.31% of the stock is currently owned by hedge funds and other institutional investors.

Highwoods Properties Stock Up 0.8%

Shares of NYSE:HIW opened at $31.35 on Friday. Highwoods Properties, Inc. has a fifty-two week low of $24.19 and a fifty-two week high of $36.78. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.40. The firm’s 50-day simple moving average is $30.27 and its 200-day simple moving average is $29.40. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 19.47 and a beta of 1.21.

Highwoods Properties (NYSE:HIW) last announced its quarterly 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 business 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 21.53% and a return on equity of 7.43%. The business’s revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 EPS. As a group, equities research analysts predict that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.38%. The ex-dividend date was Monday, May 19th. Highwoods Properties’s dividend payout ratio (DPR) is presently 124.22%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wells Fargo & Company cut their price target on shares of Highwoods Properties from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Monday, May 19th. Jefferies Financial Group began coverage on Highwoods Properties in a research note on Monday, March 17th. They set a “buy” rating and a $32.00 target price for the company. Wall Street Zen upgraded Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, April 30th. Finally, Truist Financial cut Highwoods Properties from a “buy” rating to a “hold” rating and set a $32.00 price target for the company. in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $31.83.

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.