Highwoods Properties Inc (HIW) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System lifted its position in shares of Highwoods Properties Inc (NYSE:HIW) by 3.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 178,590 shares of the real estate investment trust’s stock after purchasing an additional 6,194 shares during the period. California Public Employees Retirement System owned about 0.17% of Highwoods Properties worth $9,303,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Highwoods Properties by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,889 shares of the real estate investment trust’s stock worth $755,000 after buying an additional 38 shares during the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of Highwoods Properties by 4.1% during the second quarter. Public Employees Retirement Association of Colorado now owns 3,161 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 124 shares during the last quarter. GAM Holding AG grew its holdings in shares of Highwoods Properties by 2.4% during the second quarter. GAM Holding AG now owns 8,660 shares of the real estate investment trust’s stock worth $439,000 after buying an additional 199 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Highwoods Properties by 4.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,448 shares of the real estate investment trust’s stock worth $378,000 after buying an additional 320 shares during the last quarter. Finally, Ameritas Investment Partners Inc. grew its holdings in shares of Highwoods Properties by 1.1% during the second quarter. Ameritas Investment Partners Inc. now owns 30,530 shares of the real estate investment trust’s stock worth $1,548,000 after buying an additional 323 shares during the last quarter. Institutional investors and hedge funds own 96.31% of the company’s stock.

A number of equities analysts recently issued reports on the company. ValuEngine raised Highwoods Properties from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. Edward Jones lowered Highwoods Properties from a “buy” rating to a “hold” rating in a report on Monday, November 6th. SunTrust Banks set a $52.00 price target on Highwoods Properties and gave the stock a “hold” rating in a report on Tuesday, October 24th. Finally, Bank of America raised their price target on Highwoods Properties from $57.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, October 3rd. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $54.80.

Shares of Highwoods Properties Inc (HIW) opened at $47.66 on Friday. Highwoods Properties Inc has a twelve month low of $47.62 and a twelve month high of $53.34. The firm has a market capitalization of $4,920.00, a P/E ratio of 33.10, a price-to-earnings-growth ratio of 2.98 and a beta of 0.87. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.20 and a quick ratio of 1.20.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.54. Highwoods Properties had a return on equity of 7.09% and a net margin of 22.02%. The company had revenue of $180.19 million for the quarter, compared to analyst estimates of $177.15 million. During the same quarter in the previous 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. equities research analysts forecast that Highwoods Properties Inc will post 3.38 earnings per share for the current fiscal year.

In other Highwoods Properties news, Director Sherry A. Kellett sold 1,000 shares of Highwoods Properties stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $51.70, for a total value of $51,700.00. Following the sale, the director now owns 11,744 shares of the company’s stock, valued at approximately $607,164.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sherry A. Kellett sold 2,000 shares of Highwoods Properties stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $50.64, for a total value of $101,280.00. Following the completion of the sale, the director now directly owns 13,744 shares in the company, valued at approximately $695,996.16. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

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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.

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

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