Century Capital Management LLC reduced its holdings in Highwoods Properties, Inc. (NYSE:HIW) by 4.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,888 shares of the real estate investment trust’s stock after selling 1,097 shares during the quarter. Century Capital Management LLC’s holdings in Highwoods Properties were worth $1,161,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Highwoods Properties by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 16,087,977 shares of the real estate investment trust’s stock valued at $790,402,000 after buying an additional 749,245 shares during the period. BlackRock Inc. lifted its holdings in shares of Highwoods Properties by 4,514.0% in the 1st quarter. BlackRock Inc. now owns 11,832,053 shares of the real estate investment trust’s stock valued at $581,309,000 after buying an additional 11,575,615 shares during the period. FMR LLC lifted its holdings in shares of Highwoods Properties by 4.7% in the 1st quarter. FMR LLC now owns 5,002,866 shares of the real estate investment trust’s stock valued at $245,790,000 after buying an additional 223,031 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of Highwoods Properties by 5.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,503,381 shares of the real estate investment trust’s stock valued at $228,367,000 after buying an additional 230,723 shares during the period. Finally, State Street Corp lifted its holdings in shares of Highwoods Properties by 2.1% in the 1st quarter. State Street Corp now owns 4,327,993 shares of the real estate investment trust’s stock valued at $212,634,000 after buying an additional 88,057 shares during the period. 98.35% of the stock is owned by institutional investors and hedge funds.
In other Highwoods Properties news, COO Theodore J. Klinck sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $52.51, for a total value of $525,100.00. Following the completion of the sale, the chief operating officer now directly owns 63,194 shares in the company, valued at $3,318,316.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.90% of the company’s stock.
Several analysts have recently commented on the company. BidaskClub cut Highwoods Properties from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Janney Montgomery Scott assumed coverage on Highwoods Properties in a report on Friday. They issued a “neutral” rating for the company. Finally, ValuEngine cut Highwoods Properties from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $55.00.
Highwoods Properties, Inc. (NYSE HIW) opened at 52.32 on Tuesday. The company has a 50-day moving average price of $51.13 and a 200 day moving average price of $50.82. Highwoods Properties, Inc. has a 1-year low of $45.83 and a 1-year high of $53.26. The stock has a market capitalization of $5.40 billion, a P/E ratio of 41.72 and a beta of 0.88.
Highwoods Properties (NYSE:HIW) last released its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.59. The firm had revenue of $177.28 million during the quarter, compared to the consensus estimate of $172.28 million. Highwoods Properties had a return on equity of 5.96% and a net margin of 18.79%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 earnings per share. On average, equities analysts predict that Highwoods Properties, Inc. will post $1.22 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Monday, August 14th were given a $0.44 dividend. The ex-dividend date was Thursday, August 10th. This represents a $1.76 dividend on an annualized basis and a yield of 3.36%. Highwoods Properties’s dividend payout ratio (DPR) is 141.94%.
Highwoods Properties Company 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.
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