Tiverton Asset Management LLC Has $393,000 Position in Highwoods Properties Inc (NYSE:HIW)

Tiverton Asset Management LLC lifted its stake in Highwoods Properties Inc (NYSE:HIW) by 24.1% in the second quarter, HoldingsChannel.com reports. The firm owned 9,505 shares of the real estate investment trust’s stock after purchasing an additional 1,846 shares during the quarter. Tiverton Asset Management LLC’s holdings in Highwoods Properties were worth $393,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HIW. Rockefeller Capital Management L.P. lifted its holdings in Highwoods Properties by 104.5% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 822 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 420 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Highwoods Properties by 110.1% in the 1st quarter. Quadrant Capital Group LLC now owns 912 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 478 shares during the last quarter. Pearl River Capital LLC increased its stake in shares of Highwoods Properties by 236.9% in the 2nd quarter. Pearl River Capital LLC now owns 1,469 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 1,033 shares during the period. Fort Sheridan Advisors LLC acquired a new stake in shares of Highwoods Properties in the 1st quarter valued at $234,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Highwoods Properties during the first quarter worth $250,000. Hedge funds and other institutional investors own 93.82% of the company’s stock.

Shares of NYSE:HIW traded up $0.48 during trading on Wednesday, hitting $44.79. 25,085 shares of the company’s stock were exchanged, compared to its average volume of 861,644. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.99. The firm has a market cap of $4.53 billion, a P/E ratio of 12.94, a PEG ratio of 3.36 and a beta of 0.82. The firm has a 50-day moving average price of $43.82 and a two-hundred day moving average price of $44.42. Highwoods Properties Inc has a 1-year low of $37.09 and a 1-year high of $49.06.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.47). Highwoods Properties had a net margin of 18.79% and a return on equity of 6.13%. The company had revenue of $184.10 million during the quarter, compared to analyst estimates of $180.20 million. During the same period last year, the company earned $0.87 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, research analysts predict that Highwoods Properties Inc will post 3.33 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Monday, August 12th were paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend was Friday, August 9th. Highwoods Properties’s payout ratio is presently 55.07%.

Several equities analysts have recently issued reports on HIW shares. Zacks Investment Research raised Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, May 21st. ValuEngine upgraded Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Finally, Robert W. Baird set a $49.00 price objective on Highwoods Properties and gave the stock a “hold” rating in a research report on Wednesday, August 21st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $49.00.

Highwoods Properties Profile

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (“REIT”) and a member of the S&P MidCap 400 Index. The Company is a fully-integrated office REIT that 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.

Read More: What does a hold rating mean?

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

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