Panagora Asset Management Inc. raised its position in Highwoods Properties Inc (NYSE:HIW) by 74.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,369 shares of the real estate investment trust’s stock after purchasing an additional 15,060 shares during the quarter. Panagora Asset Management Inc.’s holdings in Highwoods Properties were worth $1,461,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in shares of Highwoods Properties by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,601,574 shares of the real estate investment trust’s stock worth $61,965,000 after purchasing an additional 17,556 shares during the last quarter. Geode Capital Management LLC raised its holdings in Highwoods Properties by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 1,306,549 shares of the real estate investment trust’s stock valued at $50,550,000 after buying an additional 96,998 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Highwoods Properties by 110.1% during the 1st quarter. Quadrant Capital Group LLC now owns 912 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 478 shares during the period. Janus Henderson Group PLC boosted its position in Highwoods Properties by 11.2% during the 1st quarter. Janus Henderson Group PLC now owns 384,213 shares of the real estate investment trust’s stock worth $17,975,000 after buying an additional 38,759 shares during the period. Finally, Texas Permanent School Fund grew its holdings in Highwoods Properties by 3.8% during the 1st quarter. Texas Permanent School Fund now owns 70,315 shares of the real estate investment trust’s stock worth $3,289,000 after acquiring an additional 2,593 shares during the last quarter. Hedge funds and other institutional investors own 93.82% of the company’s stock.
Shares of HIW traded up $0.16 during mid-day trading on Wednesday, reaching $44.47. 17,483 shares of the company were exchanged, compared to its average volume of 861,644. The business has a 50 day simple moving average of $43.82 and a two-hundred day simple moving average of $44.42. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $4.53 billion, a PE ratio of 12.90, a PEG ratio of 3.36 and a beta of 0.82. Highwoods Properties Inc has a 52 week low of $37.09 and a 52 week high of $49.06.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Monday, August 12th were paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date was Friday, August 9th. Highwoods Properties’s dividend payout ratio is currently 55.07%.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, May 21st. Robert W. Baird set a $49.00 price objective on shares of Highwoods Properties and gave the stock a “hold” rating in a research note on Wednesday, August 21st. Finally, ValuEngine upgraded Highwoods Properties from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Highwoods Properties has an average rating of “Hold” and an average target price 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.
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