Highwoods Properties, Inc. (NYSE:HIW) Stock Holdings Decreased by Guggenheim Capital LLC

Guggenheim Capital LLC lowered its stake in Highwoods Properties, Inc. (NYSE:HIW) by 39.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 11,257 shares of the real estate investment trust’s stock after selling 7,470 shares during the period. Guggenheim Capital LLC’s holdings in Highwoods Properties were worth $344,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of HIW. Barclays PLC grew its position in shares of Highwoods Properties by 537.7% during the 3rd quarter. Barclays PLC now owns 485,368 shares of the real estate investment trust’s stock valued at $16,264,000 after buying an additional 409,258 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Highwoods Properties by 40.9% during the third quarter. Franklin Resources Inc. now owns 3,130,452 shares of the real estate investment trust’s stock valued at $107,155,000 after purchasing an additional 908,401 shares during the last quarter. DGS Capital Management LLC bought a new position in shares of Highwoods Properties during the third quarter valued at approximately $208,000. Versant Capital Management Inc boosted its position 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 valued at $93,000 after purchasing an additional 327 shares during the period. Finally, Oliver Luxxe Assets LLC boosted its position in Highwoods Properties by 44.4% during the 4th quarter. Oliver Luxxe Assets LLC now owns 70,426 shares of the real estate investment trust’s stock valued at $2,154,000 after purchasing an additional 21,655 shares during the period. Institutional investors own 96.31% of the company’s stock.

Highwoods Properties Stock Down 0.2 %

Shares of Highwoods Properties stock opened at $28.24 on Monday. The business’s fifty day moving average price is $28.26 and its two-hundred day moving average price is $30.27. 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 company has a market capitalization of $3.04 billion, a P/E ratio of 29.73 and a beta of 1.15. Highwoods Properties, Inc. has a 1-year low of $24.07 and a 1-year high of $36.78.

Highwoods Properties (NYSE:HIW) last announced 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, research analysts forecast that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.08%. The ex-dividend date is Monday, May 19th. Highwoods Properties’s dividend payout ratio is presently 210.53%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on HIW shares. StockNews.com lowered Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Thursday, April 3rd. Jefferies Financial Group started coverage on Highwoods Properties in a research report on Monday, March 17th. They set a “buy” rating and a $32.00 price objective for the company. Mizuho boosted their price objective on Highwoods Properties from $24.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Finally, Truist Financial reduced 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 equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.