Bokf Na Raises Stock Holdings in Highwoods Properties, Inc. (NYSE:HIW)

Bokf Na increased its position in Highwoods Properties, Inc. (NYSE:HIW) by 86.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,432 shares of the real estate investment trust’s stock after buying an additional 28,493 shares during the quarter. Bokf Na owned 0.06% of Highwoods Properties worth $1,540,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in Highwoods Properties during the 4th quarter valued at $31,000. Riverview Trust Co purchased a new position in Highwoods Properties during the 1st quarter valued at $34,000. Planned Solutions Inc. purchased a new position in Highwoods Properties during the 4th quarter valued at $38,000. GAMMA Investing LLC purchased a new position in Highwoods Properties during the 4th quarter valued at $53,000. Finally, Quent Capital LLC increased its position in Highwoods Properties by 875.4% during the 4th quarter. Quent Capital LLC now owns 4,721 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 4,237 shares during the period. 96.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Highwoods Properties from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $24.75.

Highwoods Properties Stock Up 5.1 %

Shares of HIW stock traded up $1.48 during mid-day trading on Friday, reaching $30.62. 1,600,318 shares of the company’s stock traded hands, compared to its average volume of 861,093. Highwoods Properties, Inc. has a 12 month low of $17.06 and a 12 month high of $30.71. The company has a market cap of $3.25 billion, a P/E ratio of 25.10 and a beta of 1.27. The company has a quick ratio of 1.34, a current ratio of 1.29 and a debt-to-equity ratio of 1.34. The company’s 50-day moving average price is $26.48 and its 200-day moving average price is $25.18.

Highwoods Properties (NYSE:HIW) last announced its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.31). The business had revenue of $204.74 million for the quarter, compared to the consensus estimate of $205.06 million. Highwoods Properties had a net margin of 18.30% and a return on equity of 6.33%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 EPS. On average, equities analysts expect that Highwoods Properties, Inc. will post 3.57 earnings per share for the current fiscal year.

Highwoods Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 19th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.53%. The ex-dividend date is Monday, August 19th. Highwoods Properties’s payout ratio is 163.93%.

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.