Marshall Wace LLP bought a new stake in shares of Highwoods Properties Inc (NYSE:HIW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,955 shares of the real estate investment trust’s stock, valued at approximately $404,000.

A number of other institutional investors and hedge funds have also modified their holdings of HIW. Wells Fargo & Company MN raised its stake in Highwoods Properties by 11.0% during the 1st quarter. Wells Fargo & Company MN now owns 103,966 shares of the real estate investment trust’s stock valued at $4,555,000 after purchasing an additional 10,296 shares during the period. Northern Trust Corp raised its stake in Highwoods Properties by 6.4% during the 1st quarter. Northern Trust Corp now owns 1,592,757 shares of the real estate investment trust’s stock valued at $69,794,000 after purchasing an additional 96,440 shares during the period. BlackRock Inc. raised its stake in Highwoods Properties by 2.3% during the 1st quarter. BlackRock Inc. now owns 12,963,790 shares of the real estate investment trust’s stock valued at $568,074,000 after purchasing an additional 297,010 shares during the period. JPMorgan Chase & Co. raised its stake in Highwoods Properties by 2.0% during the 1st quarter. JPMorgan Chase & Co. now owns 3,725,200 shares of the real estate investment trust’s stock valued at $163,238,000 after purchasing an additional 72,162 shares during the period. Finally, Franklin Resources Inc. raised its stake in Highwoods Properties by 6.3% during the 1st quarter. Franklin Resources Inc. now owns 1,226,740 shares of the real estate investment trust’s stock valued at $53,756,000 after purchasing an additional 72,717 shares during the period. 92.42% of the stock is currently owned by institutional investors.

NYSE:HIW opened at $48.01 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.15 and a current ratio of 1.15. Highwoods Properties Inc has a 1 year low of $41.34 and a 1 year high of $53.34. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 4.69 and a beta of 0.73.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, July 24th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.37). Highwoods Properties had a return on equity of 8.96% and a net margin of 27.68%. The firm had revenue of $178.79 million during the quarter, compared to the consensus estimate of $178.37 million. During the same period in the previous year, the firm earned $0.90 EPS. The business’s revenue was up .9% compared to the same quarter last year. equities analysts expect that Highwoods Properties Inc will post 3.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 5th. Shareholders of record on Monday, August 13th were paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend was Friday, August 10th. Highwoods Properties’s payout ratio is 56.40%.

In other Highwoods Properties news, EVP Jeffrey Douglas Miller sold 3,676 shares of Highwoods Properties stock in a transaction that occurred on Friday, June 29th. The stock was sold at an average price of $50.87, for a total value of $186,998.12. Following the sale, the executive vice president now owns 83,438 shares of the company’s stock, valued at approximately $4,244,491.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark F. Mulhern sold 14,141 shares of Highwoods Properties stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $49.96, for a total value of $706,484.36. Following the completion of the sale, the chief financial officer now directly owns 81,780 shares in the company, valued at approximately $4,085,728.80. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Several analysts recently issued reports on HIW shares. SunTrust Banks set a $51.00 target price on Highwoods Properties and gave the company a “buy” rating in a research note on Monday, July 30th. Morgan Stanley decreased their target price on Highwoods Properties from $52.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 14th. ValuEngine raised Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Friday, June 22nd. Wells Fargo & Co lifted their target price on Highwoods Properties from $49.00 to $54.00 and gave the company an “outperform” rating in a research note on Tuesday, June 19th. Finally, Stifel Nicolaus raised Highwoods Properties from a “hold” rating to a “buy” rating and lifted their target price for the company from $46.00 to $53.00 in a research note on Friday, June 1st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Highwoods Properties currently has a consensus rating of “Hold” and a consensus target price of $53.71.

Highwoods Properties Profile

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 fullyintegrated 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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