Schwab Charles Investment Management Inc. raised its holdings in shares of Highwoods Properties Inc (NYSE:HIW) by 4.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,259,408 shares of the real estate investment trust’s stock after acquiring an additional 57,862 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 1.22% of Highwoods Properties worth $63,890,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Bailard Inc. raised its stake in Highwoods Properties by 96.3% during the 2nd quarter. Bailard Inc. now owns 15,700 shares of the real estate investment trust’s stock valued at $796,000 after acquiring an additional 7,700 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Highwoods Properties by 27.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 37,841 shares of the real estate investment trust’s stock valued at $1,916,000 after acquiring an additional 8,159 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Highwoods Properties by 12.2% during the 2nd quarter. Canada Pension Plan Investment Board now owns 145,700 shares of the real estate investment trust’s stock valued at $7,391,000 after acquiring an additional 15,800 shares during the last quarter. Quantitative Systematic Strategies LLC raised its stake in Highwoods Properties by 113.1% during the 2nd quarter. Quantitative Systematic Strategies LLC now owns 60,059 shares of the real estate investment trust’s stock valued at $3,047,000 after acquiring an additional 31,876 shares during the last quarter. Finally, Anchor Capital Advisors LLC raised its stake in Highwoods Properties by 17.4% during the 2nd quarter. Anchor Capital Advisors LLC now owns 8,675 shares of the real estate investment trust’s stock valued at $440,000 after acquiring an additional 1,285 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

NYSE HIW opened at $49.47 on Friday. 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 12-month low of $41.34 and a 12-month high of $53.34. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 4.85 and a beta of 0.76.

Highwoods Properties (NYSE:HIW) last released its earnings results on Tuesday, July 24th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $178.79 million for the quarter, compared to analyst estimates of $178.37 million. During the same quarter in the previous year, the firm posted $0.90 EPS. The business’s revenue for the quarter was up .9% on a year-over-year basis. equities research analysts forecast that Highwoods Properties Inc will post 3.43 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 5th. Shareholders of record on Monday, August 13th will be given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend is Friday, August 10th. Highwoods Properties’s payout ratio is 56.40%.

In other Highwoods Properties news, CFO Mark F. Mulhern sold 14,141 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $49.96, for a total transaction of $706,484.36. Following the transaction, the chief financial officer now owns 81,780 shares in the company, valued at approximately $4,085,728.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeffrey Douglas Miller sold 3,676 shares of the business’s 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 transaction, the executive vice president now owns 83,438 shares in the company, valued at approximately $4,244,491.06. The disclosure for this sale can be found here. Insiders have sold a total of 18,817 shares of company stock worth $942,532 in the last quarter. 2.00% of the stock is currently owned by insiders.

Several analysts have commented on HIW shares. SunTrust Banks set a $51.00 price objective on Highwoods Properties and gave the company a “buy” rating in a research note on Monday, July 30th. Zacks Investment Research raised Highwoods Properties from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Monday, June 18th. Stifel Nicolaus raised Highwoods Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $46.00 to $53.00 in a research note on Friday, June 1st. Morgan Stanley reduced their price objective on Highwoods Properties from $52.00 to $46.00 and set an “equal weight” rating for the company in a research note on Thursday, June 14th. Finally, ValuEngine raised Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, May 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average 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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