BNP Paribas Arbitrage SA lessened its stake in Highwoods Properties, Inc. (NYSE:HIW) by 40.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,703 shares of the real estate investment trust’s stock after selling 51,859 shares during the quarter. BNP Paribas Arbitrage SA owned 0.07% of Highwoods Properties worth $3,943,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in HIW. Capstone Asset Management Co. increased its holdings in shares of Highwoods Properties by 3.2% in the 2nd quarter. Capstone Asset Management Co. now owns 7,818 shares of the real estate investment trust’s stock valued at $396,000 after purchasing an additional 240 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Highwoods Properties by 4.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 36,684 shares of the real estate investment trust’s stock valued at $1,860,000 after acquiring an additional 1,571 shares during the last quarter. LS Investment Advisors LLC grew its stake in Highwoods Properties by 20.1% in the 2nd quarter. LS Investment Advisors LLC now owns 8,148 shares of the real estate investment trust’s stock valued at $413,000 after acquiring an additional 1,363 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in Highwoods Properties by 3.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 26,600 shares of the real estate investment trust’s stock valued at $1,349,000 after acquiring an additional 900 shares during the last quarter. Finally, State Treasurer State of Michigan grew its stake in Highwoods Properties by 1.9% in the 2nd quarter. State Treasurer State of Michigan now owns 42,100 shares of the real estate investment trust’s stock valued at $2,135,000 after acquiring an additional 800 shares during the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

A number of equities research analysts recently commented on the stock. SunTrust Banks, Inc. set a $52.00 price objective on shares of Highwoods Properties and gave the company a “hold” rating in a research note on Tuesday, October 24th. BidaskClub cut shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Janney Montgomery Scott assumed coverage on shares of Highwoods Properties in a research note on Friday, September 8th. They issued a “neutral” rating on the stock. Edward Jones cut shares of Highwoods Properties from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Finally, Bank of America Corporation increased their price objective on shares of Highwoods Properties from $57.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, October 3rd. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $54.80.

ILLEGAL ACTIVITY NOTICE: This report was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another site, it was copied illegally and reposted in violation of international trademark and copyright law. The correct version of this report can be read at https://www.thecerbatgem.com/2017/11/20/highwoods-properties-inc-hiw-shares-sold-by-bnp-paribas-arbitrage-sa.html.

Shares of Highwoods Properties, Inc. (HIW) opened at $51.46 on Monday. Highwoods Properties, Inc. has a 12 month low of $47.06 and a 12 month high of $53.34. The stock has a market cap of $5,313.19, a PE ratio of 15.23, a price-to-earnings-growth ratio of 3.33 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 (NYSE:HIW) last released its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.54. Highwoods Properties had a net margin of 22.02% and a return on equity of 7.09%. The company had revenue of $180.19 million for the quarter, compared to analysts’ expectations of $177.15 million. During the same period last year, the company earned $0.82 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. sell-side analysts predict that Highwoods Properties, Inc. will post 3.38 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $1.76 annualized dividend and a dividend yield of 3.42%. Highwoods Properties’s dividend payout ratio is currently 119.73%.

Highwoods Properties 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.

Want to see what other hedge funds are holding HIW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Highwoods Properties, Inc. (NYSE:HIW).

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

Receive News & Stock Ratings for Highwoods Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Highwoods Properties Inc. and related stocks with our FREE daily email newsletter.