EverSource Wealth Advisors LLC Has $91,000 Stock Position in Highwoods Properties, Inc. (NYSE:HIW)

EverSource Wealth Advisors LLC boosted its position in Highwoods Properties, Inc. (NYSE:HIW) by 363.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,972 shares of the real estate investment trust’s stock after buying an additional 2,331 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Highwoods Properties were worth $91,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. GC Wealth Management RIA LLC grew its position in shares of Highwoods Properties by 47.3% in the fourth quarter. GC Wealth Management RIA LLC now owns 9,287 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 2,981 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Highwoods Properties by 44.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,058 shares of the real estate investment trust’s stock valued at $1,989,000 after buying an additional 20,019 shares during the last quarter. Amundi increased its position in Highwoods Properties by 45.4% in the 4th quarter. Amundi now owns 110,120 shares of the real estate investment trust’s stock worth $3,225,000 after buying an additional 34,403 shares during the period. Rialto Wealth Management LLC acquired a new position in shares of Highwoods Properties during the fourth quarter worth approximately $1,852,000. Finally, Candriam S.C.A. boosted its position in shares of Highwoods Properties by 128.4% in the fourth quarter. Candriam S.C.A. now owns 116,303 shares of the real estate investment trust’s stock valued at $3,557,000 after acquiring an additional 65,377 shares during the period. Institutional investors own 96.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HIW. Jefferies Financial Group began coverage on shares of Highwoods Properties in a research report on Monday. They set a “buy” rating and a $32.00 target price on the stock. StockNews.com upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a report on Friday, March 14th. Mizuho increased their target price 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. Finally, Truist Financial lowered their price target on Highwoods Properties from $33.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $30.86.

Highwoods Properties Stock Down 1.0 %

Shares of HIW opened at $28.71 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.41. The company has a 50-day moving average price of $29.14 and a two-hundred day moving average price of $31.27. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 30.22 and a beta of 1.25. Highwoods Properties, Inc. has a 12 month low of $23.52 and a 12 month high of $36.78.

Highwoods Properties (NYSE:HIW) last posted its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 EPS for the quarter, hitting the consensus estimate of $0.85. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. Equities analysts predict that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 6.97%. The ex-dividend date was Tuesday, February 18th. Highwoods Properties’s payout ratio is 210.53%.

About Highwoods Properties

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.