AMP Capital Investors Ltd grew its position in Highwoods Properties, Inc. (NYSE:HIW) by 71.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,645 shares of the real estate investment trust’s stock after purchasing an additional 26,000 shares during the quarter. AMP Capital Investors Ltd owned about 0.06% of Highwoods Properties worth $3,263,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Adelante Capital Management LLC grew its holdings in shares of Highwoods Properties by 7.0% during the third quarter. Adelante Capital Management LLC now owns 779,958 shares of the real estate investment trust’s stock valued at $40,628,000 after buying an additional 51,253 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in Highwoods Properties in the third quarter valued at $1,037,000. Dimensional Fund Advisors LP boosted its holdings in Highwoods Properties by 2.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,480,027 shares of the real estate investment trust’s stock valued at $77,094,000 after purchasing an additional 39,697 shares during the last quarter. Moody Aldrich Partners LLC boosted its holdings in Highwoods Properties by 14.6% in the third quarter. Moody Aldrich Partners LLC now owns 13,912 shares of the real estate investment trust’s stock valued at $725,000 after purchasing an additional 1,777 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Highwoods Properties by 8.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,030,384 shares of the real estate investment trust’s stock valued at $53,673,000 after purchasing an additional 83,598 shares during the last quarter. 96.56% of the stock is currently owned by institutional investors and hedge funds.

Shares of Highwoods Properties, Inc. (NYSE:HIW) opened at $51.75 on Monday. Highwoods Properties, Inc. has a one year low of $48.42 and a one year high of $53.34. The stock has a market cap of $5,340.04, a PE ratio of 15.30, a P/E/G ratio of 3.29 and a beta of 0.87. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.20 and a current ratio of 1.20.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.54. Highwoods Properties had a net margin of 22.02% and a return on equity of 7.09%. The company had revenue of $180.19 million during the quarter, compared to analysts’ expectations of $177.15 million. During the same quarter in the prior year, the company earned $0.82 EPS. Highwoods Properties’s revenue was up 8.4% compared to the same quarter last year. equities analysts expect that Highwoods Properties, Inc. will post 3.38 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th were paid a $0.44 dividend. The ex-dividend date of this dividend was Monday, November 13th. This represents a $1.76 annualized dividend and a dividend yield of 3.40%. Highwoods Properties’s dividend payout ratio (DPR) is 119.73%.

A number of research analysts have weighed in on HIW shares. Janney Montgomery Scott started coverage on shares of Highwoods Properties in a research report on Friday, September 8th. They issued a “neutral” rating for the company. Bank of America upped their price objective on shares of Highwoods Properties from $57.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, October 3rd. SunTrust Banks set a $52.00 price objective on shares of Highwoods Properties and gave the stock a “hold” rating in a research report on Tuesday, October 24th. Finally, Edward Jones downgraded shares of Highwoods Properties from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Highwoods Properties presently has a consensus rating of “Hold” and a consensus target price of $54.80.

In related news, Director Sherry A. Kellett sold 1,000 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $51.70, for a total transaction of $51,700.00. Following the completion of the transaction, the director now owns 11,744 shares of the company’s stock, valued at approximately $607,164.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sherry A. Kellett sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $50.64, for a total transaction of $101,280.00. Following the transaction, the director now directly owns 13,744 shares of the company’s stock, valued at approximately $695,996.16. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

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Highwoods Properties 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.

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

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