Cetera Investment Advisers Increases Position in Highwoods Properties, Inc. $HIW

Cetera Investment Advisers grew its stake in Highwoods Properties, Inc. (NYSE:HIW) by 28.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,312 shares of the real estate investment trust’s stock after acquiring an additional 3,613 shares during the quarter. Cetera Investment Advisers’ holdings in Highwoods Properties were worth $483,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. POM Investment Strategies LLC purchased a new position in Highwoods Properties during the 1st quarter worth $28,000. GF Fund Management CO. LTD. purchased a new position in Highwoods Properties during the 4th quarter worth $59,000. Spirit of America Management Corp NY purchased a new position in Highwoods Properties during the 1st quarter worth $59,000. State of Wyoming grew its stake in Highwoods Properties by 88.4% during the 4th 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. Finally, GAMMA Investing LLC grew its stake in Highwoods Properties by 10.3% during the 1st quarter. GAMMA Investing LLC now owns 5,278 shares of the real estate investment trust’s stock worth $156,000 after buying an additional 493 shares during the last quarter. 96.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HIW has been the topic of several research analyst reports. Wall Street Zen downgraded Highwoods Properties from a “hold” rating to a “sell” rating in a research note on Saturday. Mizuho boosted their target price on Highwoods Properties from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Monday, July 14th. Truist Financial downgraded Highwoods Properties from a “buy” rating to a “hold” rating and set a $32.00 target price on the stock. in a research note on Wednesday, July 2nd. Finally, Wells Fargo & Company dropped their target price on Highwoods Properties from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Monday, May 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $32.00.

Highwoods Properties Stock Down 1.2%

Highwoods Properties stock opened at $29.30 on Monday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.38 and a current ratio of 1.38. The business’s 50-day simple moving average is $30.53 and its two-hundred day simple moving average is $29.42. The company has a market cap of $3.17 billion, a PE ratio of 24.62 and a beta of 1.21. Highwoods Properties, Inc. has a fifty-two week low of $24.18 and a fifty-two week high of $36.78.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.04. The business had revenue of $200.60 million for the quarter, compared to the consensus estimate of $203.22 million. Highwoods Properties had a return on equity of 5.57% and a net margin of 16.15%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 EPS. Equities analysts anticipate that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Monday, August 18th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Monday, August 18th. Highwoods Properties’s payout ratio is 168.07%.

Highwoods Properties 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.