Duff & Phelps Investment Management Co. lowered its stake in Highwoods Properties, Inc. (NYSE:HIW) by 0.2% during the second quarter, Holdings Channel reports. The fund owned 888,689 shares of the real estate investment trust’s stock after selling 1,350 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Highwoods Properties were worth $45,065,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HIW. Public Employees Retirement System of Ohio boosted its position in Highwoods Properties by 1.1% in the first quarter. Public Employees Retirement System of Ohio now owns 160,183 shares of the real estate investment trust’s stock valued at $7,870,000 after buying an additional 1,770 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Highwoods Properties during the first quarter valued at approximately $255,000. Credit Suisse AG boosted its position in Highwoods Properties by 9.3% in the first quarter. Credit Suisse AG now owns 446,755 shares of the real estate investment trust’s stock valued at $21,950,000 after buying an additional 37,953 shares during the last quarter. Geode Capital Management LLC boosted its position in Highwoods Properties by 12.9% in the first quarter. Geode Capital Management LLC now owns 950,512 shares of the real estate investment trust’s stock valued at $46,698,000 after buying an additional 108,628 shares during the last quarter. Finally, Rafferty Asset Management LLC boosted its position in Highwoods Properties by 260.5% in the first quarter. Rafferty Asset Management LLC now owns 17,367 shares of the real estate investment trust’s stock valued at $853,000 after buying an additional 12,550 shares during the last quarter. 98.77% of the stock is owned by hedge funds and other institutional investors.

Highwoods Properties, Inc. (NYSE HIW) opened at 49.98 on Friday. The stock’s 50 day moving average price is $50.66 and its 200 day moving average price is $50.76. Highwoods Properties, Inc. has a 52-week low of $45.83 and a 52-week high of $54.25. The firm has a market capitalization of $5.16 billion, a PE ratio of 39.86 and a beta of 0.88.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.90 EPS for the quarter, beating the consensus estimate of $0.31 by $0.59. Highwoods Properties had a return on equity of 5.96% and a net margin of 18.79%. The company had revenue of $177.28 million for the quarter, compared to analyst estimates of $172.28 million. During the same period last year, the company posted $0.32 earnings per share. The firm’s revenue was up 6.2% compared to the same quarter last year. Analysts expect that Highwoods Properties, Inc. will post $1.19 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Monday, August 14th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.52%. The ex-dividend date is Thursday, August 10th. Highwoods Properties’s dividend payout ratio (DPR) is presently 141.94%.

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HIW has been the subject of several analyst reports. ValuEngine cut Highwoods Properties from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Stifel Nicolaus reissued a “buy” rating and set a $55.00 target price on shares of Highwoods Properties in a research note on Wednesday, April 19th. Finally, BidaskClub raised Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Highwoods Properties currently has an average rating of “Hold” and an average price target of $55.00.

In other Highwoods Properties news, COO Theodore J. Klinck sold 10,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $52.51, for a total value of $525,100.00. Following the transaction, the chief operating officer now directly owns 63,194 shares of the company’s stock, valued at $3,318,316.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.90% of the company’s stock.

Highwoods Properties Company 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.

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

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