Highwoods Properties, Inc. (NYSE:HIW) Shares Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. lifted its stake in shares of Highwoods Properties, Inc. (NYSE:HIW) by 436.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 215,724 shares of the real estate investment trust’s stock after acquiring an additional 175,499 shares during the quarter. Point72 Asset Management L.P. owned about 0.20% of Highwoods Properties worth $7,229,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC grew its position in Highwoods Properties by 4.3% in the third quarter. Janus Henderson Group PLC now owns 207,935 shares of the real estate investment trust’s stock worth $6,967,000 after buying an additional 8,511 shares during the last quarter. Centiva Capital LP grew its position in Highwoods Properties by 45.6% in the third quarter. Centiva Capital LP now owns 40,417 shares of the real estate investment trust’s stock worth $1,354,000 after buying an additional 12,656 shares during the last quarter. ClearAlpha Technologies LP acquired a new position in Highwoods Properties in the third quarter worth approximately $359,000. Atom Investors LP acquired a new position in Highwoods Properties in the third quarter worth approximately $835,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Highwoods Properties in the third quarter worth approximately $277,000. Institutional investors and hedge funds own 96.31% of the company’s stock.

Highwoods Properties Trading Down 0.1 %

NYSE HIW opened at $31.62 on Friday. Highwoods Properties, Inc. has a twelve month low of $20.72 and a twelve month high of $36.78. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 23.60 and a beta of 1.24. The firm’s 50 day moving average price is $33.22 and its two-hundred day moving average price is $30.49.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.74). Highwoods Properties had a return on equity of 6.05% and a net margin of 17.40%. The firm had revenue of $204.30 million for the quarter, compared to analysts’ expectations of $204.96 million. During the same quarter in the previous year, the firm posted $0.93 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. Equities analysts anticipate that Highwoods Properties, Inc. will post 3.62 EPS for the current year.

Highwoods Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 6.33%. The ex-dividend date of this dividend is Monday, November 18th. Highwoods Properties’s dividend payout ratio is currently 149.25%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Robert W. Baird lifted their price target on shares of Highwoods Properties from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered shares of Highwoods Properties from a “buy” rating to a “hold” rating and raised their price objective for the stock from $31.00 to $35.00 in a research note on Tuesday, October 1st. Finally, Wells Fargo & Company lifted their price objective on shares of Highwoods Properties from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $31.20.

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.