UBS Group AG reduced its position in shares of Highwoods Properties Inc (NYSE:HIW) by 44.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,505 shares of the real estate investment trust’s stock after selling 108,161 shares during the period. UBS Group AG owned about 0.13% of Highwoods Properties worth $4,693,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp bought a new stake in shares of Highwoods Properties during the fourth quarter worth about $29,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Highwoods Properties during the fourth quarter worth about $106,000. Chicago Equity Partners LLC bought a new stake in shares of Highwoods Properties during the fourth quarter worth about $247,000. Atria Investments LLC bought a new stake in shares of Highwoods Properties during the fourth quarter worth about $268,000. Finally, M&T Bank Corp grew its holdings in shares of Highwoods Properties by 8.4% during the fourth quarter. M&T Bank Corp now owns 6,229 shares of the real estate investment trust’s stock worth $304,000 after purchasing an additional 482 shares during the last quarter. Institutional investors own 94.71% of the company’s stock.

Shares of HIW opened at $34.38 on Friday. Highwoods Properties Inc has a 52-week low of $25.10 and a 52-week high of $52.76. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.48 and a current ratio of 1.48. The business’s 50 day moving average price is $35.68 and its two-hundred day moving average price is $43.87. The firm has a market cap of $3.46 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 1.96 and a beta of 1.02.

Highwoods Properties (NYSE:HIW) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.91. Highwoods Properties had a return on equity of 14.27% and a net margin of 41.50%. The firm had revenue of $192.80 million for the quarter, compared to analyst estimates of $192.55 million. During the same period in the previous year, the firm earned $0.72 earnings per share. The company’s revenue was up 11.8% compared to the same quarter last year. Research analysts predict that Highwoods Properties Inc will post 3.58 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Monday, May 18th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 5.58%. The ex-dividend date of this dividend is Friday, May 15th. Highwoods Properties’s payout ratio is 57.66%.

In other news, EVP Jeffrey Douglas Miller bought 1,000 shares of the stock in a transaction dated Friday, March 13th. The shares were bought at an average cost of $35.99 per share, with a total value of $35,990.00. Following the completion of the transaction, the executive vice president now directly owns 95,730 shares of the company’s stock, valued at $3,445,322.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is owned by corporate insiders.

A number of equities analysts recently commented on the company. SunTrust Banks lifted their price objective on Highwoods Properties from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Stifel Nicolaus cut their price objective on Highwoods Properties from $55.00 to $43.00 and set a “buy” rating on the stock in a research note on Friday, April 3rd. Wood & Company raised Highwoods Properties from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 4th. Robert W. Baird raised Highwoods Properties from a “neutral” rating to an “outperform” rating and cut their price objective for the stock from $53.00 to $40.00 in a research note on Monday, April 6th. Finally, Bank of America raised Highwoods Properties from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $54.00 to $55.00 in a research note on Wednesday, March 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. Highwoods Properties has a consensus rating of “Buy” and a consensus target price of $44.75.

Highwoods Properties Company 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 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.

Featured Story: Hedge Funds – Risk or Reward?

Want to see what other hedge funds are holding HIW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Highwoods Properties Inc (NYSE:HIW).

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

Receive News & Ratings for Highwoods Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Highwoods Properties and related companies with MarketBeat.com's FREE daily email newsletter.