Y Intercept Hong Kong Ltd Invests $500,000 in Highwoods Properties, Inc. (NYSE:HIW)

Y Intercept Hong Kong Ltd bought a new position in shares of Highwoods Properties, Inc. (NYSE:HIW) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,335 shares of the real estate investment trust’s stock, valued at approximately $500,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Oppenheimer & Co. Inc. increased its stake in shares of Highwoods Properties by 184.7% during the third quarter. Oppenheimer & Co. Inc. now owns 27,048 shares of the real estate investment trust’s stock worth $906,000 after purchasing an additional 17,548 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in shares of Highwoods Properties during the third quarter worth about $2,085,000. Point72 Asset Management L.P. increased its stake in shares of Highwoods Properties by 436.3% during the third quarter. Point72 Asset Management L.P. now owns 215,724 shares of the real estate investment trust’s stock worth $7,229,000 after purchasing an additional 175,499 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Highwoods Properties by 65.1% during the third quarter. BNP Paribas Financial Markets now owns 6,562 shares of the real estate investment trust’s stock worth $220,000 after purchasing an additional 2,587 shares in the last quarter. Finally, Harvest Portfolios Group Inc. grew its stake in Highwoods Properties by 141.2% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 36,647 shares of the real estate investment trust’s stock valued at $1,228,000 after acquiring an additional 21,455 shares in the last quarter. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Analyst Upgrades and Downgrades

HIW has been the subject of several research reports. Jefferies Financial Group dropped their price objective on shares of Highwoods Properties from $35.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, January 2nd. Truist Financial dropped their price objective on shares of Highwoods Properties from $33.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company upped their price objective 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. StockNews.com cut shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. Finally, Mizuho upped their price objective on shares of Highwoods Properties from $24.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.71.

Highwoods Properties Stock Up 1.0 %

Shares of NYSE:HIW opened at $29.10 on Friday. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 30.63 and a beta of 1.24. Highwoods Properties, Inc. has a 12-month low of $23.52 and a 12-month high of $36.78. The business has a 50-day moving average price of $29.53 and a 200 day moving average price of $31.52. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.41.

Highwoods Properties (NYSE:HIW) last issued its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. Sell-side analysts expect that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.00 annualized dividend and a yield of 6.87%. Highwoods Properties’s dividend payout ratio (DPR) is currently 210.53%.

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.