Universal Beteiligungs und Servicegesellschaft mbH Sells 40,338 Shares of Highwoods Properties, Inc. $HIW

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in shares of Highwoods Properties, Inc. (NYSE:HIW) by 18.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 177,616 shares of the real estate investment trust’s stock after selling 40,338 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.16% of Highwoods Properties worth $5,652,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Highwoods Properties in the second quarter worth $300,000. Inscription Capital LLC boosted its position in shares of Highwoods Properties by 185.1% during the third quarter. Inscription Capital LLC now owns 40,370 shares of the real estate investment trust’s stock valued at $1,285,000 after buying an additional 26,211 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in Highwoods Properties by 34.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 38,830 shares of the real estate investment trust’s stock worth $1,207,000 after buying an additional 9,910 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Highwoods Properties by 3.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,302,750 shares of the real estate investment trust’s stock worth $200,554,000 after buying an additional 205,761 shares during the last quarter. Finally, Norges Bank bought a new position in Highwoods Properties during the 2nd quarter valued at about $43,203,000. 96.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HIW has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Highwoods Properties in a research note on Thursday. Wells Fargo & Company cut their target price on shares of Highwoods Properties from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. New Street Research set a $30.00 price target on Highwoods Properties in a report on Monday, October 13th. Wall Street Zen raised Highwoods Properties from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Finally, Wolfe Research started coverage on Highwoods Properties in a research report on Wednesday, October 8th. They set an “outperform” rating and a $38.00 price objective for the company. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.75.

Highwoods Properties Trading Down 0.5%

Shares of HIW stock opened at $26.22 on Tuesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 22.41 and a beta of 1.07. Highwoods Properties, Inc. has a 1 year low of $24.18 and a 1 year high of $32.76. The firm has a fifty day moving average price of $26.55 and a 200-day moving average price of $28.97.

Highwoods Properties (NYSE:HIW) last released its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.86 earnings per share for the quarter, meeting the consensus estimate of $0.86. Highwoods Properties had a return on equity of 5.48% and a net margin of 15.98%.The company had revenue of $201.77 million for the quarter, compared to the consensus estimate of $205.74 million. During the same period in the previous year, the business earned $0.90 earnings per share. Highwoods Properties’s quarterly revenue was down 1.2% compared to the same quarter last year. As a group, equities analysts predict that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Company Profile

Highwoods Properties, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops, leases and manages office properties. The company’s portfolio is primarily focused on Class A office space, with an emphasis on high-quality buildings in key urban and suburban submarkets. Highwoods seeks to generate long-term, recurring revenues through a mix of in-place lease renewals, strategic dispositions and build-to-suit developments. Its asset management platform drives operational efficiencies and tenant service initiatives across its holdings.

Founded in 1970 and headquartered in Raleigh, North Carolina, Highwoods Properties has expanded its presence to eight major metropolitan regions across the Southeastern United States and Texas.