UBS Oconnor LLC increased its stake in shares of Highwoods Properties Inc (NYSE:HIW) by 61.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 123,000 shares of the real estate investment trust’s stock after buying an additional 47,000 shares during the period. UBS Oconnor LLC owned 0.12% of Highwoods Properties worth $4,759,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Capital Investment Advisory Services LLC bought a new stake in shares of Highwoods Properties during the 4th quarter worth approximately $27,000. Lasalle Investment Management Securities LLC acquired a new position in Highwoods Properties during the 4th quarter worth approximately $153,000. Fox Run Management L.L.C. acquired a new position in Highwoods Properties during the 4th quarter worth approximately $229,000. Commonwealth Bank of Australia acquired a new position in Highwoods Properties during the 3rd quarter worth approximately $302,000. Finally, Caxton Associates LP acquired a new position in Highwoods Properties during the 4th quarter worth approximately $268,000. 94.00% of the stock is owned by hedge funds and other institutional investors.

NYSE HIW traded up $0.50 on Tuesday, hitting $45.72. The company’s stock had a trading volume of 45,685 shares, compared to its average volume of 713,530. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.20 and a current ratio of 1.20. Highwoods Properties Inc has a 1-year low of $37.09 and a 1-year high of $52.00. The stock has a market cap of $4.68 billion, a P/E ratio of 13.25, a price-to-earnings-growth ratio of 3.03 and a beta of 1.01.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings results on Tuesday, February 5th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.86. Highwoods Properties had a net margin of 23.69% and a return on equity of 7.68%. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $176.79 million. During the same period in the prior year, the company posted $0.84 EPS. The company’s revenue was up 952.5% on a year-over-year basis. Analysts predict that Highwoods Properties Inc will post 3.41 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Tuesday, February 19th were given a $0.475 dividend. This is a boost from Highwoods Properties’s previous quarterly dividend of $0.46. This represents a $1.90 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend was Friday, February 15th. Highwoods Properties’s dividend payout ratio is 55.07%.

In other Highwoods Properties news, Director Carlos E. Evans purchased 10,000 shares of the firm’s stock in a transaction on Thursday, December 27th. The stock was purchased at an average cost of $38.31 per share, for a total transaction of $383,100.00. Following the transaction, the director now owns 21,247 shares in the company, valued at approximately $813,972.57. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

A number of equities analysts recently issued reports on HIW shares. Capital One Financial upgraded shares of Highwoods Properties from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 22nd. Zacks Investment Research cut shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Friday, March 8th. ValuEngine cut shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. Finally, Janney Montgomery Scott upgraded shares of Highwoods Properties from a “neutral” rating to a “buy” rating in a research report on Thursday, December 20th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $53.00.

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About Highwoods Properties

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

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