Universal Beteiligungs und Servicegesellschaft mbH Sells 40,338 Shares of Highwoods Properties, Inc. $HIW

Universal Beteiligungs und Servicegesellschaft mbH cut its position in Highwoods Properties, Inc. (NYSE:HIW) by 18.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 177,616 shares of the real estate investment trust’s stock after selling 40,338 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Highwoods Properties were worth $5,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. SJS Investment Consulting Inc. purchased a new stake in Highwoods Properties in the 3rd quarter worth $49,000. Geneos Wealth Management Inc. boosted its stake in shares of Highwoods Properties by 292.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,680 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 1,252 shares during the period. MAI Capital Management grew its position in shares of Highwoods Properties by 67.3% during the second quarter. MAI Capital Management now owns 1,803 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 725 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Highwoods Properties by 97.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,242 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 1,106 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in Highwoods Properties by 562.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,552 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 2,167 shares in the last quarter. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company cut their price objective on shares of Highwoods Properties from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Highwoods Properties in a research note on Thursday. New Street Research set a $30.00 price target on shares of Highwoods Properties in a research note on Monday, October 13th. Wolfe Research began coverage on Highwoods Properties in a research report on Wednesday, October 8th. They set an “outperform” rating and a $38.00 price objective for the company. Finally, Wall Street Zen raised Highwoods Properties from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Highwoods Properties has a consensus rating of “Hold” and a consensus price target of $30.75.

Highwoods Properties Price Performance

HIW stock opened at $26.22 on Tuesday. Highwoods Properties, Inc. has a 52 week low of $24.18 and a 52 week high of $32.76. The firm has a market capitalization of $2.88 billion, a P/E ratio of 22.41 and a beta of 1.07. The company has a fifty day simple moving average of $26.55 and a two-hundred day simple moving average of $28.97. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.44.

Highwoods Properties (NYSE:HIW) last posted its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.86 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.86. The firm had revenue of $201.77 million for the quarter, compared to the consensus estimate of $205.74 million. Highwoods Properties had a net margin of 15.98% and a return on equity of 5.48%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.90 EPS. Analysts anticipate that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Company Profile

Highwoods Properties, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops, leases and manages office properties. The company’s portfolio is primarily focused on Class A office space, with an emphasis on high-quality buildings in key urban and suburban submarkets. Highwoods seeks to generate long-term, recurring revenues through a mix of in-place lease renewals, strategic dispositions and build-to-suit developments. Its asset management platform drives operational efficiencies and tenant service initiatives across its holdings.

Founded in 1970 and headquartered in Raleigh, North Carolina, Highwoods Properties has expanded its presence to eight major metropolitan regions across the Southeastern United States and Texas.