Forsta AP Fonden lessened its position in shares of Highwoods Properties, Inc. (NYSE:HIW) by 8.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,900 shares of the real estate investment trust’s stock after selling 3,200 shares during the quarter. Forsta AP Fonden’s holdings in Highwoods Properties were worth $1,714,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of HIW. Independent Portfolio Consultants Inc. lifted its stake in shares of Highwoods Properties by 17.5% during the second quarter. Independent Portfolio Consultants Inc. now owns 2,743 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 408 shares during the period. Public Employees Retirement Association of Colorado lifted its stake in shares of Highwoods Properties by 4.1% during the second quarter. Public Employees Retirement Association of Colorado now owns 3,161 shares of the real estate investment trust’s stock valued at $160,000 after acquiring an additional 124 shares during the period. Ray Gerald L & Associates Ltd. acquired a new position in shares of Highwoods Properties during the second quarter valued at $203,000. Tudor Investment Corp ET AL acquired a new position in shares of Highwoods Properties during the second quarter valued at $207,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Highwoods Properties during the first quarter valued at $255,000. 97.75% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Highwoods Properties, Inc. (NYSE HIW) opened at $51.93 on Thursday. The company has a market capitalization of $5,308.02, a PE ratio of 15.21, a PEG ratio of 3.10 and a beta of 0.88. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.90. Highwoods Properties, Inc. has a 1 year low of $45.83 and a 1 year high of $53.34.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.54. The company had revenue of $180.19 million for the quarter, compared to analyst estimates of $177.15 million. Highwoods Properties had a return on equity of 7.09% and a net margin of 22.02%. Highwoods Properties’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 earnings per share. research analysts forecast that Highwoods Properties, Inc. will post 3.38 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date is Monday, November 13th. Highwoods Properties’s dividend payout ratio is currently 119.73%.

Several equities analysts have weighed in on HIW shares. BidaskClub lowered Highwoods Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. SunTrust Banks, Inc. set a $52.00 target price on Highwoods Properties and gave the company a “hold” rating in a research note on Tuesday, October 24th. Janney Montgomery Scott started coverage on Highwoods Properties in a research note on Friday, September 8th. They issued a “neutral” rating on the stock. Edward Jones lowered Highwoods Properties from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Bank of America Corporation increased their target price on Highwoods Properties from $57.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, October 3rd. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $54.80.

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

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