Dimensional Fund Advisors LP Sells 30,477 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Dimensional Fund Advisors LP decreased its holdings in Highwoods Properties, Inc. (NYSE:HIW) by 2.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,488,266 shares of the real estate investment trust’s stock after selling 30,477 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Highwoods Properties were worth $45,510,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HIW. Versant Capital Management Inc boosted its position in shares of Highwoods Properties by 12.0% during the fourth quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust’s stock valued at $93,000 after buying an additional 327 shares during the last quarter. Everhart Financial Group Inc. boosted its holdings in Highwoods Properties by 6.0% during the 4th quarter. Everhart Financial Group Inc. now owns 11,719 shares of the real estate investment trust’s stock worth $358,000 after acquiring an additional 660 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Highwoods Properties by 375.0% in the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 675 shares in the last quarter. Andrew Hill Investment Advisors Inc. raised its holdings in shares of Highwoods Properties by 0.5% in the fourth quarter. Andrew Hill Investment Advisors Inc. now owns 143,814 shares of the real estate investment trust’s stock valued at $4,398,000 after purchasing an additional 677 shares during the last quarter. Finally, Advisory Services Network LLC lifted its position in shares of Highwoods Properties by 2.4% during the fourth quarter. Advisory Services Network LLC now owns 32,018 shares of the real estate investment trust’s stock valued at $979,000 after purchasing an additional 747 shares in the last quarter. 96.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on HIW shares. StockNews.com upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Wednesday. Truist Financial decreased their price target 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. Mizuho boosted their price objective on Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group assumed coverage on Highwoods Properties in a research note on Monday, March 17th. They set a “buy” rating and a $32.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $32.50.

Highwoods Properties Stock Performance

Shares of HIW opened at $29.14 on Friday. Highwoods Properties, Inc. has a 1 year low of $24.07 and a 1 year high of $36.78. 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 stock’s fifty day moving average price is $28.20 and its two-hundred day moving average price is $30.09. The firm has a market cap of $3.14 billion, a PE ratio of 30.67 and a beta of 1.15.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The business had revenue of $200.38 million for the quarter, compared to analysts’ expectations of $201.31 million. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.89 EPS. On average, equities research analysts forecast that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 19th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $2.00 dividend on an annualized basis and a yield of 6.86%. Highwoods Properties’s dividend payout ratio is 124.22%.

About Highwoods Properties

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.