Signaturefd LLC Reduces Holdings in Highwoods Properties, Inc. (NYSE:HIW)

Signaturefd LLC lessened its holdings in Highwoods Properties, Inc. (NYSE:HIW) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,848 shares of the real estate investment trust’s stock after selling 399 shares during the period. Signaturefd LLC’s holdings in Highwoods Properties were worth $240,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Jones Financial Companies Lllp lifted its stake 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 valued at $26,000 after buying an additional 675 shares in the last quarter. Quarry LP purchased a new stake in shares of Highwoods Properties in the third quarter valued at $48,000. Smartleaf Asset Management LLC boosted its stake in shares of Highwoods Properties by 124.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,434 shares of the real estate investment trust’s stock valued at $73,000 after acquiring an additional 1,351 shares during the last quarter. EverSource Wealth Advisors LLC increased 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 purchasing an additional 2,331 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in Highwoods Properties by 12.0% in the 4th 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 during the last quarter. 96.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on HIW. Mizuho raised their price target on shares of Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Jefferies Financial Group assumed coverage on shares of Highwoods Properties in a research note on Monday, March 17th. They issued a “buy” rating and a $32.00 target price for the company. StockNews.com raised Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Friday, March 14th. Finally, Truist Financial lowered their price objective on Highwoods Properties from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $30.86.

Highwoods Properties Price Performance

Shares of Highwoods Properties stock opened at $28.81 on Friday. The stock has a market capitalization of $3.10 billion, a P/E ratio of 30.32 and a beta of 1.25. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.41. The business’s fifty day moving average price is $29.14 and its 200 day moving average price is $31.21. Highwoods Properties, Inc. has a twelve month low of $23.52 and a twelve month high of $36.78.

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

Highwoods Properties Dividend Announcement

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

Highwoods Properties 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.