Highwoods Properties, Inc. (HIW) Shares Bought by Macquarie Group Ltd.
Macquarie Group Ltd. raised its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW) by 4.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,767,613 shares of the real estate investment trust’s stock after purchasing an additional 80,064 shares during the quarter. Macquarie Group Ltd. owned 1.71% of Highwoods Properties worth $92,075,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in HIW. Bank of New York Mellon Corp raised its holdings in shares of Highwoods Properties by 38.4% in the second quarter. Bank of New York Mellon Corp now owns 4,185,036 shares of the real estate investment trust’s stock valued at $212,222,000 after acquiring an additional 1,160,930 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Highwoods Properties by 36.8% in the second quarter. JPMorgan Chase & Co. now owns 3,278,256 shares of the real estate investment trust’s stock valued at $166,240,000 after acquiring an additional 882,571 shares in the last quarter. Rothschild Asset Management Inc. raised its holdings in shares of Highwoods Properties by 177.1% in the second quarter. Rothschild Asset Management Inc. now owns 971,022 shares of the real estate investment trust’s stock valued at $49,240,000 after acquiring an additional 620,589 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Highwoods Properties by 234.5% in the second quarter. Franklin Resources Inc. now owns 658,049 shares of the real estate investment trust’s stock valued at $33,370,000 after acquiring an additional 461,312 shares in the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of Highwoods Properties in the second quarter valued at about $401,000. Institutional investors and hedge funds own 97.18% of the company’s stock.
Highwoods Properties, Inc. (NYSE HIW) traded down $0.45 on Friday, reaching $51.46. The company’s stock had a trading volume of 572,064 shares, compared to its average volume of 450,653. Highwoods Properties, Inc. has a 52 week low of $47.06 and a 52 week high of $53.34. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market capitalization of $5,313.19, a price-to-earnings ratio of 15.22, a PEG ratio of 3.33 and a beta of 0.88.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Monday, November 13th. This represents a $1.76 annualized dividend and a yield of 3.42%. Highwoods Properties’s dividend payout ratio (DPR) is presently 119.73%.
Several research firms recently weighed in on HIW. Edward Jones downgraded Highwoods Properties from a “buy” rating to a “hold” rating in a report on Monday, November 6th. SunTrust Banks, Inc. set a $52.00 price objective on Highwoods Properties and gave the company a “hold” rating in a report on Tuesday, October 24th. Bank of America Corporation lifted their price objective on Highwoods Properties from $57.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, October 3rd. Janney Montgomery Scott began coverage on Highwoods Properties in a report on Friday, September 8th. They issued a “neutral” rating for the company. Finally, BidaskClub upgraded Highwoods Properties from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $54.80.
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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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