Versor Investments LP Sells 6,185 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Versor Investments LP cut its stake in shares of Highwoods Properties, Inc. (NYSE:HIW) by 20.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,480 shares of the real estate investment trust’s stock after selling 6,185 shares during the period. Versor Investments LP’s holdings in Highwoods Properties were worth $820,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. PGGM Investments increased its stake in shares of Highwoods Properties by 77.9% in the 2nd quarter. PGGM Investments now owns 3,629,485 shares of the real estate investment trust’s stock valued at $95,347,000 after acquiring an additional 1,589,730 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Highwoods Properties by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,531,611 shares of the real estate investment trust’s stock valued at $40,233,000 after acquiring an additional 36,285 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Highwoods Properties by 4.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,227,656 shares of the real estate investment trust’s stock worth $32,251,000 after purchasing an additional 56,399 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Highwoods Properties by 86.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,172,929 shares of the real estate investment trust’s stock valued at $30,813,000 after purchasing an additional 545,066 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of Highwoods Properties by 11.0% during the first quarter. Sei Investments Co. now owns 957,610 shares of the real estate investment trust’s stock worth $25,070,000 after buying an additional 94,804 shares during the period. Institutional investors own 96.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HIW shares. Wells Fargo & Company upped their price target on Highwoods Properties from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lowered shares of Highwoods Properties from a “buy” rating to a “hold” rating and lifted their price target for the company from $31.00 to $35.00 in a research note on Tuesday, October 1st. Truist Financial raised their price objective on Highwoods Properties from $29.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Finally, Robert W. Baird upped their target price on Highwoods Properties from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $29.33.

Highwoods Properties Price Performance

Shares of NYSE HIW opened at $32.27 on Wednesday. Highwoods Properties, Inc. has a twelve month low of $17.17 and a twelve month high of $36.78. The company has a market cap of $3.42 billion, a PE ratio of 24.08 and a beta of 1.26. The business’s 50 day moving average price is $33.50 and its two-hundred day moving average price is $29.86. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.41.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.74). Highwoods Properties had a net margin of 17.40% and a return on equity of 6.05%. The business had revenue of $204.30 million for the quarter, compared to analyst estimates of $204.96 million. During the same period in the prior year, the business earned $0.93 EPS. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, analysts predict that Highwoods Properties, Inc. will post 3.62 EPS for the current year.

Highwoods Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $2.00 annualized dividend and a yield of 6.20%. Highwoods Properties’s dividend payout ratio is currently 149.25%.

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.