CORDA Investment Management LLC. Sells 3,653 Shares of Highwoods Properties, Inc. (NYSE:HIW)

CORDA Investment Management LLC. decreased its position in shares of Highwoods Properties, Inc. (NYSE:HIW) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 851,676 shares of the real estate investment trust’s stock after selling 3,653 shares during the quarter. Highwoods Properties accounts for 2.1% of CORDA Investment Management LLC.’s portfolio, making the stock its 26th largest position. CORDA Investment Management LLC. owned about 0.80% of Highwoods Properties worth $26,044,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP purchased a new stake in Highwoods Properties during the 3rd quarter valued at $48,000. Versant Capital Management Inc lifted its holdings in shares of Highwoods Properties by 12.0% during the fourth quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 327 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Highwoods Properties by 55.8% during the third quarter. Venturi Wealth Management LLC now owns 3,260 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 1,167 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Highwoods Properties by 35.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,114 shares of the real estate investment trust’s stock valued at $135,000 after buying an additional 1,069 shares during the last quarter. Finally, McClarren Financial Advisors Inc. bought a new stake in Highwoods Properties in the 4th quarter worth about $155,000. Institutional investors own 96.31% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Wells Fargo & Company upped their target price on shares of Highwoods Properties from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Jefferies Financial Group lowered their price objective on shares of Highwoods Properties from $35.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, January 2nd. Mizuho lifted their target price on shares of Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. StockNews.com lowered shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. Finally, Robert W. Baird raised their price target on Highwoods Properties from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $30.71.

Highwoods Properties Trading Up 0.3 %

Shares of Highwoods Properties stock opened at $28.82 on Friday. Highwoods Properties, Inc. has a 1-year low of $23.35 and a 1-year high of $36.78. The company’s fifty day simple moving average is $29.55 and its 200-day simple moving average is $31.53. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $3.10 billion, a PE ratio of 30.33 and a beta of 1.24.

Highwoods Properties (NYSE:HIW) last released its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share for the quarter, meeting the consensus estimate of $0.85. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. As a group, equities analysts anticipate that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 6.94%. The ex-dividend date of this dividend is Tuesday, February 18th. Highwoods Properties’s dividend payout ratio is 210.53%.

Highwoods Properties Company Profile

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.