15,206 Shares in Highwoods Properties, Inc. (NYSE:HIW) Acquired by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. purchased a new position in shares of Highwoods Properties, Inc. (NYSE:HIW) in the 1st quarter, Holdings Channel.com reports. The firm purchased 15,206 shares of the real estate investment trust’s stock, valued at approximately $451,000.

Several other large investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Highwoods Properties by 5.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,105 shares of the real estate investment trust’s stock worth $248,000 after purchasing an additional 383 shares in the last quarter. GAMMA Investing LLC grew its holdings in Highwoods Properties by 10.3% in the 1st quarter. GAMMA Investing LLC now owns 5,278 shares of the real estate investment trust’s stock valued at $156,000 after buying an additional 493 shares in the last quarter. US Bancorp DE grew its holdings in Highwoods Properties by 2.5% in the 1st quarter. US Bancorp DE now owns 22,514 shares of the real estate investment trust’s stock valued at $667,000 after buying an additional 558 shares in the last quarter. Cerity Partners LLC grew its holdings in Highwoods Properties by 3.4% in the 1st quarter. Cerity Partners LLC now owns 17,106 shares of the real estate investment trust’s stock valued at $507,000 after buying an additional 560 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its holdings in Highwoods Properties by 4.1% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 15,001 shares of the real estate investment trust’s stock valued at $455,000 after buying an additional 593 shares in the last quarter. 96.31% of the stock is currently owned by hedge funds and other institutional investors.

Highwoods Properties Price Performance

HIW opened at $28.46 on Tuesday. The stock’s 50-day moving average price is $30.74 and its 200 day moving average price is $29.46. Highwoods Properties, Inc. has a 12-month low of $24.18 and a 12-month high of $36.78. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.42. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 23.91 and a beta of 1.21.

Highwoods Properties (NYSE:HIW) last posted its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.04. Highwoods Properties had a return on equity of 5.57% and a net margin of 16.15%. The firm had revenue of $200.60 million for the quarter, compared to analyst estimates of $203.22 million. During the same quarter in the prior year, the company earned $0.98 EPS. Highwoods Properties’s revenue was down 2.0% on a year-over-year basis. As a group, sell-side analysts expect that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Monday, August 18th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $2.00 annualized dividend and a yield of 7.0%. Highwoods Properties’s dividend payout ratio is presently 168.07%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wells Fargo & Company dropped their target price on Highwoods Properties from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Monday, May 19th. Wall Street Zen upgraded Highwoods Properties from a “sell” rating to a “hold” rating in a report on Wednesday, April 30th. Truist Financial cut Highwoods Properties from a “buy” rating to a “hold” rating and set a $32.00 target price for the company. in a report on Wednesday, July 2nd. Finally, Mizuho upped their price target on Highwoods Properties from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday, July 14th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $32.00.

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.