Dimensional Fund Advisors LP Buys 21,613 Shares of Highwoods Properties Inc. (HIW)
Dimensional Fund Advisors LP increased its stake in shares of Highwoods Properties Inc. (NYSE:HIW) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,276,873 shares of the real estate investment trust’s stock after buying an additional 21,613 shares during the period. Dimensional Fund Advisors LP owned approximately 1.29% of Highwoods Properties worth $67,417,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently added to or reduced their stakes in the stock. NN Investment Partners Holdings N.V. bought a new stake in Highwoods Properties during the first quarter valued at $38,821,000. Norges Bank bought a new stake in Highwoods Properties during the fourth quarter valued at $34,708,000. Goldman Sachs Group Inc. raised its stake in Highwoods Properties by 17.7% in the first quarter. Goldman Sachs Group Inc. now owns 4,852,392 shares of the real estate investment trust’s stock valued at $231,993,000 after buying an additional 731,364 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Highwoods Properties by 34.5% in the second quarter. JPMorgan Chase & Co. now owns 2,766,569 shares of the real estate investment trust’s stock valued at $146,074,000 after buying an additional 709,168 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in Highwoods Properties by 17.2% in the second quarter. Daiwa Securities Group Inc. now owns 3,600,051 shares of the real estate investment trust’s stock valued at $190,083,000 after buying an additional 529,593 shares during the last quarter.
Shares of Highwoods Properties Inc. (NYSE:HIW) traded up 0.31% during midday trading on Friday, reaching $52.26. The company had a trading volume of 141,169 shares. The company’s 50 day moving average price is $52.53 and its 200-day moving average price is $50.31. The company has a market capitalization of $5.15 billion, a P/E ratio of 9.76 and a beta of 0.98. Highwoods Properties Inc. has a 52 week low of $38.08 and a 52 week high of $56.23.
Highwoods Properties (NYSE:HIW) last posted its quarterly earnings data on Wednesday, August 3rd. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.02. Highwoods Properties had a return on equity of 5.22% and a net margin of 78.77%. The business had revenue of $166.86 million for the quarter, compared to analysts’ expectations of $164.24 million. During the same quarter last year, the firm earned $0.77 earnings per share. The business’s revenue was up 12.3% on a year-over-year basis. On average, equities research analysts predict that Highwoods Properties Inc. will post $3.26 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders of record on Monday, August 15th were issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend was Thursday, August 11th. Highwoods Properties’s dividend payout ratio (DPR) is 31.89%.
HIW has been the topic of several recent research reports. SunTrust Banks Inc. increased their price target on Highwoods Properties from $48.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, July 15th. Citigroup Inc. upped their price objective on Highwoods Properties from $47.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, July 7th. Oppenheimer Holdings Inc. upped their price objective on Highwoods Properties from $55.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, August 3rd. BTIG Research initiated coverage on Highwoods Properties in a research report on Thursday, August 25th. They issued a “neutral” rating on the stock. Finally, Wood & Company reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Highwoods Properties in a research report on Thursday, August 4th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $52.20.
In other news, SVP Jeffrey Douglas Miller sold 4,214 shares of the firm’s stock in a transaction on Monday, September 26th. The stock was sold at an average price of $52.52, for a total transaction of $221,319.28. Following the sale, the senior vice president now owns 70,329 shares in the company, valued at $3,693,679.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.10% of the company’s stock.
Highwoods Properties Company Profile
Highwoods Properties, Inc is a real estate investment trust. The Company provides leasing, management, development, construction and other customer-related services for its properties and for third-parties. The Company is engaged in the business of operation, acquisition and development of real estate properties.
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