Highwoods Properties, Inc. (HIW) Holdings Cut by Northern Trust Corp
Northern Trust Corp reduced its stake in shares of Highwoods Properties, Inc. (NYSE:HIW) by 2.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,534,171 shares of the real estate investment trust’s stock after selling 43,601 shares during the quarter. Northern Trust Corp owned 1.49% of Highwoods Properties worth $77,798,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in HIW. Russell Investments Group Ltd. lifted its holdings in shares of Highwoods Properties by 42.6% during the first quarter. Russell Investments Group Ltd. now owns 67,797 shares of the real estate investment trust’s stock valued at $3,331,000 after acquiring an additional 20,265 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of Highwoods Properties by 21.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 204,080 shares of the real estate investment trust’s stock valued at $10,026,000 after purchasing an additional 35,695 shares in the last quarter. Karp Capital Management Corp acquired a new stake in shares of Highwoods Properties in the 1st quarter valued at $1,229,000. Envestnet Asset Management Inc. boosted its stake in shares of Highwoods Properties by 13.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,083 shares of the real estate investment trust’s stock valued at $151,000 after purchasing an additional 369 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of Highwoods Properties by 16.5% in the 1st quarter. Stifel Financial Corp now owns 17,051 shares of the real estate investment trust’s stock worth $838,000 after purchasing an additional 2,410 shares during the last quarter. Hedge funds and other institutional investors own 98.12% of the company’s stock.
Shares of Highwoods Properties, Inc. (NYSE:HIW) opened at 52.09 on Monday. The company’s 50-day moving average price is $51.35 and its 200-day moving average price is $50.81. The firm has a market capitalization of $5.38 billion, a PE ratio of 41.54 and a beta of 0.89. Highwoods Properties, Inc. has a 12-month low of $45.83 and a 12-month high of $53.26.
Highwoods Properties (NYSE:HIW) last announced its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.59. Highwoods Properties had a return on equity of 5.96% and a net margin of 18.79%. The firm had revenue of $177.28 million during the quarter, compared to the consensus estimate of $172.28 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The business’s revenue was up 6.2% on a year-over-year basis. Analysts anticipate that Highwoods Properties, Inc. will post $1.26 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Monday, August 14th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend was Thursday, August 10th. Highwoods Properties’s dividend payout ratio is 141.94%.
Several equities research analysts have recently weighed in on HIW shares. BidaskClub raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Janney Montgomery Scott started coverage on shares of Highwoods Properties in a report on Friday, September 8th. They set a “neutral” rating for the company. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $55.00.
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Highwoods Properties Company Profile
Highwoods Properties, Inc is an office real estate investment trust (REIT). The Company’s primary business is the operation, acquisition and development of office properties. The Company’s segments include Office and Other. The Company 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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