Helix Partners Management LP Makes New $6.12 Million Investment in Highwoods Properties, Inc. (NYSE:HIW)

Helix Partners Management LP purchased a new position in shares of Highwoods Properties, Inc. (NYSE:HIW) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 200,000 shares of the real estate investment trust’s stock, valued at approximately $6,116,000. Highwoods Properties makes up 1.1% of Helix Partners Management LP’s holdings, making the stock its 9th largest holding. Helix Partners Management LP owned about 0.19% of Highwoods Properties as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp increased its holdings in Highwoods Properties by 375.0% in the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 675 shares in the last quarter. Quarry LP acquired a new position in shares of Highwoods Properties in the third quarter valued at approximately $48,000. Smartleaf Asset Management LLC raised its holdings in Highwoods Properties by 124.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,434 shares of the real estate investment trust’s stock valued at $73,000 after buying an additional 1,351 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Highwoods Properties by 363.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,972 shares of the real estate investment trust’s stock worth $91,000 after buying an additional 2,331 shares during the period. Finally, Versant Capital Management Inc grew its holdings in Highwoods Properties by 12.0% during the 4th quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 327 shares during the last quarter. 96.31% of the stock is currently owned by institutional investors.

Highwoods Properties Stock Up 1.2 %

Shares of Highwoods Properties stock opened at $29.85 on Thursday. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 31.42 and a beta of 1.25. The stock’s 50-day moving average is $29.07 and its 200 day moving average is $31.07. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.25 and a quick ratio of 1.25. Highwoods Properties, Inc. has a one year low of $23.52 and a one year high of $36.78.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.85 EPS for the quarter, hitting the consensus estimate of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. Equities research analysts anticipate that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a yield of 6.70%. Highwoods Properties’s dividend payout ratio (DPR) is currently 210.53%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HIW shares. Jefferies Financial Group assumed coverage on shares of Highwoods Properties in a research note on Monday, March 17th. They set a “buy” rating and a $32.00 price target for the company. StockNews.com raised Highwoods Properties from a “sell” rating to a “hold” rating in a report on Friday, March 14th. Truist Financial decreased their price target on Highwoods Properties from $33.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Finally, Mizuho upped their target price on Highwoods Properties from $24.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $32.50.

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.