Highwoods Properties, Inc. $HIW Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH decreased its position in Highwoods Properties, Inc. (NYSE:HIW) by 40.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 359,451 shares of the real estate investment trust’s stock after selling 243,711 shares during the period. Allianz Asset Management GmbH owned about 0.33% of Highwoods Properties worth $11,438,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. purchased a new stake in Highwoods Properties in the 3rd quarter valued at approximately $49,000. Geneos Wealth Management Inc. lifted its holdings in shares of Highwoods Properties by 292.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,680 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 1,252 shares during the period. MAI Capital Management boosted its stake in shares of Highwoods Properties by 67.3% in the second quarter. MAI Capital Management now owns 1,803 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 725 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Highwoods Properties by 97.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,242 shares of the real estate investment trust’s stock valued at $70,000 after buying an additional 1,106 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Highwoods Properties by 562.9% during the second quarter. Tower Research Capital LLC TRC now owns 2,552 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 2,167 shares during the period. 96.31% of the stock is owned by hedge funds and other institutional investors.

Highwoods Properties Price Performance

Shares of NYSE:HIW opened at $26.03 on Monday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.44. The company has a market cap of $2.86 billion, a P/E ratio of 22.25 and a beta of 1.06. The business has a fifty day simple moving average of $26.23 and a 200-day simple moving average of $28.64. Highwoods Properties, Inc. has a 52 week low of $24.18 and a 52 week high of $32.76.

Highwoods Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.00 annualized dividend and a dividend yield of 7.7%. Highwoods Properties’s payout ratio is currently 170.94%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on HIW shares. Wall Street Zen upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Highwoods Properties in a research note on Thursday, January 22nd. Morgan Stanley upped their price target on Highwoods Properties from $23.00 to $24.00 and gave the stock an “underweight” rating in a report on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft raised Highwoods Properties from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Tuesday, January 6th. Finally, New Street Research set a $30.00 target price on Highwoods Properties in a research report on Monday, October 13th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $30.75.

Highwoods Properties Company Profile

Highwoods Properties, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops, leases and manages office properties. The company’s portfolio is primarily focused on Class A office space, with an emphasis on high-quality buildings in key urban and suburban submarkets. Highwoods seeks to generate long-term, recurring revenues through a mix of in-place lease renewals, strategic dispositions and build-to-suit developments. Its asset management platform drives operational efficiencies and tenant service initiatives across its holdings.

Founded in 1970 and headquartered in Raleigh, North Carolina, Highwoods Properties has expanded its presence to eight major metropolitan regions across the Southeastern United States and Texas.