Bank of New York Mellon Corp raised its position in shares of Highwoods Properties Inc. (NYSE:HIW) by 8.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 4,241,298 shares of the real estate investment trust’s stock after buying an additional 342,944 shares during the period. Bank of New York Mellon Corp owned about 4.23% of Highwoods Properties worth $221,056,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Highwoods Properties by 3.4% in the second quarter. Vanguard Group Inc. now owns 14,553,214 shares of the real estate investment trust’s stock valued at $768,410,000 after buying an additional 473,580 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Highwoods Properties by 1.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,988,072 shares of the real estate investment trust’s stock valued at $210,570,000 after buying an additional 66,964 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Highwoods Properties by 17.2% in the second quarter. Daiwa Securities Group Inc. now owns 3,600,051 shares of the real estate investment trust’s stock valued at $190,083,000 after buying an additional 529,593 shares during the last quarter. Cohen & Steers Inc. raised its stake in shares of Highwoods Properties by 17.3% in the second quarter. Cohen & Steers Inc. now owns 3,596,451 shares of the real estate investment trust’s stock valued at $189,893,000 after buying an additional 529,393 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Highwoods Properties by 38.0% in the second quarter. FMR LLC now owns 3,287,827 shares of the real estate investment trust’s stock valued at $173,596,000 after buying an additional 904,794 shares during the last quarter.

Institutional Ownership by Quarter for Highwoods Properties (NYSE:HIW)

Highwoods Properties Inc. (NYSE:HIW) opened at 48.06 on Thursday. Highwoods Properties Inc. has a 52 week low of $38.08 and a 52 week high of $56.23. The firm has a market cap of $4.82 billion, a P/E ratio of 9.27 and a beta of 0.92. The company has a 50-day moving average of $48.58 and a 200 day moving average of $50.80.

Highwoods Properties (NYSE:HIW) last issued its quarterly earnings results on Tuesday, October 25th. The real estate investment trust reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. The company had revenue of $166.30 million for the quarter, compared to analyst estimates of $169.05 million. Highwoods Properties had a return on equity of 4.97% and a net margin of 78.81%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the company earned $0.77 earnings per share. On average, equities analysts predict that Highwoods Properties Inc. will post $3.27 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Monday, November 14th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date is Wednesday, November 9th. Highwoods Properties’s dividend payout ratio (DPR) is 31.84%.

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HIW has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Highwoods Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, October 25th. Oppenheimer Holdings Inc. boosted their target price on shares of Highwoods Properties from $55.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 3rd. Wood & Company reiterated a “buy” rating and issued a $62.00 price objective on shares of Highwoods Properties in a research report on Thursday, October 27th. BTIG Research initiated coverage on shares of Highwoods Properties in a research report on Thursday, August 25th. They issued a “neutral” rating on the stock. Finally, Stifel Nicolaus upgraded shares of Highwoods Properties from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $53.50 to $55.00 in a research report on Thursday, October 27th. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $54.11.

In other news, SVP Jeffrey Douglas Miller sold 4,214 shares of the firm’s stock in a transaction on Monday, September 26th. The stock was sold at an average price of $52.52, for a total transaction of $221,319.28. Following the transaction, the senior vice president now directly owns 70,329 shares of the company’s stock, valued at $3,693,679.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.10% of the company’s stock.

About Highwoods Properties

Highwoods Properties, Inc is a real estate investment trust. The Company provides leasing, management, development, construction and other customer-related services for its properties and for third-parties. The Company is engaged in the business of operation, acquisition and development of real estate properties.

5 Day Chart for NYSE:HIW

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