Highwoods Properties, Inc. (NYSE:HIW) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its position in Highwoods Properties, Inc. (NYSE:HIW) by 1.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,548 shares of the real estate investment trust’s stock after selling 446 shares during the period. Amalgamated Bank’s holdings in Highwoods Properties were worth $965,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Two Sigma Advisers LP raised its holdings in Highwoods Properties by 31.2% in the 4th quarter. Two Sigma Advisers LP now owns 86,200 shares of the real estate investment trust’s stock valued at $2,636,000 after acquiring an additional 20,500 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Highwoods Properties by 53.9% during the 4th quarter. Nuveen Asset Management LLC now owns 315,662 shares of the real estate investment trust’s stock worth $9,653,000 after acquiring an additional 110,571 shares during the period. US Bancorp DE grew its holdings in Highwoods Properties by 72.6% in the fourth quarter. US Bancorp DE now owns 21,956 shares of the real estate investment trust’s stock valued at $671,000 after purchasing an additional 9,235 shares during the period. GAMMA Investing LLC increased its position in Highwoods Properties by 10.3% during the first quarter. GAMMA Investing LLC now owns 5,278 shares of the real estate investment trust’s stock worth $156,000 after purchasing an additional 493 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Highwoods Properties during the first quarter worth approximately $1,045,000. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Highwoods Properties Stock Performance

Shares of NYSE:HIW opened at $30.98 on Wednesday. The company has a market cap of $3.34 billion, a P/E ratio of 19.24 and a beta of 1.21. The business’s 50-day simple moving average is $30.44 and its 200 day simple moving average is $29.41. Highwoods Properties, Inc. has a one year low of $24.19 and a one year high of $36.78. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.50 and a current ratio of 1.50.

Highwoods Properties (NYSE:HIW) last announced its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.83 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 7.43% and a net margin of 21.53%. The company’s revenue was down 5.2% on a year-over-year basis. During the same period last year, the firm earned $0.89 earnings per share. On average, sell-side analysts forecast that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th were given a dividend of $0.50 per share. The ex-dividend date was Monday, May 19th. This represents a $2.00 annualized dividend and a dividend yield of 6.46%. Highwoods Properties’s payout ratio is 124.22%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on HIW shares. Truist Financial downgraded Highwoods Properties from a “buy” rating to a “hold” rating and set a $32.00 price objective for the company. in a report on Wednesday, July 2nd. Wall Street Zen upgraded Highwoods Properties from a “sell” rating to a “hold” rating in a report on Wednesday, April 30th. Jefferies Financial Group began coverage on shares of Highwoods Properties in a research report on Monday, March 17th. They set a “buy” rating and a $32.00 target price for the company. Finally, Wells Fargo & Company reduced their price target on shares of Highwoods Properties from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Monday, May 19th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target 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.