State of Wisconsin Investment Board lowered its stake in shares of Highwoods Properties Inc. (NYSE:HIW) by 1.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 63,300 shares of the real estate investment trust’s stock after selling 1,100 shares during the period. State of Wisconsin Investment Board’s holdings in Highwoods Properties were worth $3,299,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brookfield Asset Management Inc. acquired a new position in Highwoods Properties during the second quarter valued at $112,728,000. FMR LLC boosted its position in Highwoods Properties by 38.0% in the second quarter. FMR LLC now owns 3,287,827 shares of the real estate investment trust’s stock valued at $173,596,000 after buying an additional 904,794 shares in the last quarter. JPMorgan Chase & Co. boosted its position 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 in the last quarter. Daiwa Securities Group Inc. boosted its position 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 in the last quarter. Finally, Cohen & Steers Inc. boosted its position in Highwoods Properties by 17.3% in the second quarter. Cohen & Steers Inc. now owns 3,596,451 shares of the real estate investment trust’s stock valued at $189,893,000 after buying an additional 529,393 shares in the last quarter.

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

Highwoods Properties Inc. (NYSE:HIW) traded down 1.23% during trading on Wednesday, reaching $48.06. The company had a trading volume of 802,226 shares. The firm’s 50-day moving average price is $48.56 and its 200 day moving average price is $50.81. Highwoods Properties Inc. has a one year low of $38.08 and a one year high of $56.23. The firm has a market capitalization of $4.82 billion, a P/E ratio of 9.27 and a beta of 0.92.

Highwoods Properties (NYSE:HIW) last issued its earnings results on Tuesday, October 25th. The real estate investment trust reported $0.82 EPS for the quarter, beating the consensus estimate of $0.81 by $0.01. Highwoods Properties had a return on equity of 4.97% and a net margin of 78.81%. The business had revenue of $166.30 million for the quarter, compared to the consensus estimate of $169.05 million. During the same period last year, the business posted $0.77 EPS. The company’s revenue was up 10.3% compared to the same quarter last year. Equities analysts forecast that Highwoods Properties Inc. will post $3.27 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Monday, November 14th will be paid a dividend of $0.425 per share. The ex-dividend date is Wednesday, November 9th. This represents a $1.70 annualized dividend and a yield of 3.54%. Highwoods Properties’s dividend payout ratio is 31.84%.

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Several analysts have issued reports on the company. Wood & Company restated a “buy” rating and issued a $62.00 target price on shares of Highwoods Properties in a research note on Thursday, August 4th. Zacks Investment Research upgraded Highwoods Properties from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Wednesday, October 5th. Stifel Nicolaus upgraded Highwoods Properties from a “hold” rating to a “buy” rating and boosted their target price for the company from $53.50 to $55.00 in a research note on Thursday, October 27th. They noted that the move was a valuation call. BTIG Research assumed coverage on Highwoods Properties in a research note on Thursday, August 25th. They issued a “neutral” rating on the stock. Finally, Oppenheimer Holdings Inc. boosted their target price on Highwoods Properties from $55.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, August 3rd. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $54.11.

In other Highwoods Properties news, SVP Jeffrey Douglas Miller sold 4,214 shares of the 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 directly owns 70,329 shares in the company, valued at approximately $3,693,679.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.10% of the company’s stock.

About Highwoods Properties

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.

5 Day Chart for NYSE:HIW

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