Highwoods Properties, Inc. (NYSE:HIW) Position Increased by Inspire Investing LLC

Inspire Investing LLC raised its stake in Highwoods Properties, Inc. (NYSE:HIW) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,202 shares of the real estate investment trust’s stock after buying an additional 855 shares during the period. Inspire Investing LLC’s holdings in Highwoods Properties were worth $404,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp raised its position in shares of Highwoods Properties by 1.7% during the third quarter. State Street Corp now owns 7,289,806 shares of the real estate investment trust’s stock worth $244,281,000 after purchasing an additional 124,646 shares during the period. Franklin Resources Inc. increased its stake in Highwoods Properties by 40.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,130,452 shares of the real estate investment trust’s stock worth $107,155,000 after purchasing an additional 908,401 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Highwoods Properties by 131.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,708,996 shares of the real estate investment trust’s stock worth $90,778,000 after buying an additional 1,536,067 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Highwoods Properties by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,061,572 shares of the real estate investment trust’s stock valued at $69,083,000 after buying an additional 34,885 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Highwoods Properties by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,902,036 shares of the real estate investment trust’s stock worth $63,754,000 after buying an additional 12,958 shares during the period. Institutional investors and hedge funds own 96.31% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on HIW. Mizuho boosted their price target on shares of Highwoods Properties from $24.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Wells Fargo & Company boosted their target price on shares of Highwoods Properties from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Robert W. Baird raised their target price on Highwoods Properties from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Jefferies Financial Group dropped their price target on Highwoods Properties from $35.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered 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 report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $30.86.

Highwoods Properties Stock Performance

Shares of NYSE HIW opened at $29.46 on Friday. Highwoods Properties, Inc. has a one year low of $21.46 and a one year high of $36.78. The business’s 50-day moving average price is $30.66 and its two-hundred day moving average price is $31.57. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market capitalization of $3.12 billion, a P/E ratio of 21.98 and a beta of 1.24.

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.