Principal Financial Group Inc. lowered its position in Highwoods Properties, Inc. (NYSE:HIW) by 27.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 700,726 shares of the real estate investment trust’s stock after selling 265,317 shares during the quarter. Principal Financial Group Inc. owned about 0.68% of Highwoods Properties worth $36,501,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in HIW. Bank of New York Mellon Corp grew its holdings in shares of Highwoods Properties by 38.4% in the second quarter. Bank of New York Mellon Corp now owns 4,185,036 shares of the real estate investment trust’s stock valued at $212,222,000 after purchasing an additional 1,160,930 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Highwoods Properties by 36.8% in the second quarter. JPMorgan Chase & Co. now owns 3,278,256 shares of the real estate investment trust’s stock valued at $166,240,000 after purchasing an additional 882,571 shares during the period. Rothschild Asset Management Inc. grew its holdings in shares of Highwoods Properties by 177.1% in the second quarter. Rothschild Asset Management Inc. now owns 971,022 shares of the real estate investment trust’s stock valued at $49,240,000 after purchasing an additional 620,589 shares during the period. Franklin Resources Inc. grew its holdings in shares of Highwoods Properties by 234.5% in the second quarter. Franklin Resources Inc. now owns 658,049 shares of the real estate investment trust’s stock valued at $33,370,000 after purchasing an additional 461,312 shares during the period. Finally, Koch Industries Inc. purchased a new stake in shares of Highwoods Properties in the second quarter valued at about $401,000. 97.18% of the stock is owned by hedge funds and other institutional investors.

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A number of brokerages recently issued reports on HIW. Bank of America Corporation upped their price objective on shares of Highwoods Properties from $57.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, October 3rd. Janney Montgomery Scott assumed coverage on shares of Highwoods Properties in a research note on Friday, September 8th. They set a “neutral” rating for the company. Edward Jones lowered shares of Highwoods Properties from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. BidaskClub raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Finally, SunTrust Banks, Inc. set a $52.00 target price on shares of Highwoods Properties and gave the stock a “hold” rating in a research note on Tuesday, October 24th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $54.80.

Highwoods Properties, Inc. (NYSE HIW) opened at $51.90 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $5,291.51, a PE ratio of 15.16, a price-to-earnings-growth ratio of 3.32 and a beta of 0.88. Highwoods Properties, Inc. has a 12 month low of $47.06 and a 12 month high of $53.34.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $1.76 annualized dividend and a dividend yield of 3.39%. Highwoods Properties’s dividend payout ratio is presently 119.73%.

About Highwoods Properties

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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