Lasalle Investment Management Securities LLC acquired a new position in Highwoods Properties Inc (NYSE:HIW) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,960 shares of the real estate investment trust’s stock, valued at approximately $153,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of HIW. Employees Retirement System of Texas grew its holdings in shares of Highwoods Properties by 0.3% during the fourth quarter. Employees Retirement System of Texas now owns 139,460 shares of the real estate investment trust’s stock valued at $5,396,000 after buying an additional 350 shares in the last quarter. Utah Retirement Systems grew its holdings in shares of Highwoods Properties by 1.5% during the fourth quarter. Utah Retirement Systems now owns 26,319 shares of the real estate investment trust’s stock valued at $1,018,000 after buying an additional 400 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Highwoods Properties by 3.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 16,100 shares of the real estate investment trust’s stock valued at $623,000 after buying an additional 500 shares in the last quarter. American International Group Inc. grew its holdings in shares of Highwoods Properties by 0.3% during the fourth quarter. American International Group Inc. now owns 210,908 shares of the real estate investment trust’s stock valued at $8,160,000 after buying an additional 628 shares in the last quarter. Finally, Capital Investment Advisory Services LLC purchased a new position in shares of Highwoods Properties during the fourth quarter valued at $27,000. 92.78% of the stock is currently owned by institutional investors.
NYSE HIW opened at $45.29 on Tuesday. Highwoods Properties Inc has a twelve month low of $37.09 and a twelve month high of $52.00. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.93. The stock has a market cap of $4.73 billion, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 3.00 and a beta of 1.01.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Tuesday, February 19th were given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend was Friday, February 15th. This is a boost from Highwoods Properties’s previous quarterly dividend of $0.46. Highwoods Properties’s payout ratio is currently 55.07%.
A number of brokerages have recently weighed in on HIW. Zacks Investment Research downgraded Highwoods Properties from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. ValuEngine upgraded Highwoods Properties from a “sell” rating to a “hold” rating in a report on Wednesday, December 5th. Janney Montgomery Scott upgraded Highwoods Properties from a “neutral” rating to a “buy” rating in a research note on Thursday, December 20th. Finally, Capital One Financial upgraded Highwoods Properties from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 22nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $53.00.
In other Highwoods Properties news, Director Carlos E. Evans acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 27th. The stock was acquired at an average price of $38.31 per share, with a total value of $383,100.00. Following the transaction, the director now owns 21,247 shares of the company’s stock, valued at $813,972.57. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is currently owned by insiders.
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Highwoods Properties Profile
Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (REIT) and a member of the S&P MidCap 400 Index. The Company is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.
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