Mesirow Financial Investment Management Equity Management maintained its position in shares of Highwoods Properties Inc (NYSE:HIW) during the second quarter, Holdings Channel reports. The institutional investor owned 32,350 shares of the real estate investment trust’s stock at the end of the second quarter. Mesirow Financial Investment Management Equity Management’s holdings in Highwoods Properties were worth $1,641,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in HIW. BlackRock Inc. boosted its position in shares of Highwoods Properties by 4,514.0% in the first quarter. BlackRock Inc. now owns 11,832,053 shares of the real estate investment trust’s stock worth $581,309,000 after buying an additional 11,575,615 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Highwoods Properties by 35.7% in the first quarter. Daiwa Securities Group Inc. now owns 4,272,658 shares of the real estate investment trust’s stock worth $209,916,000 after buying an additional 1,125,203 shares in the last quarter. Credit Agricole S A boosted its position in shares of Highwoods Properties by 1,672.4% in the first quarter. Credit Agricole S A now owns 1,175,091 shares of the real estate investment trust’s stock worth $38,387,000 after buying an additional 1,108,790 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Highwoods Properties by 4.9% in the first quarter. Vanguard Group Inc. now owns 16,087,977 shares of the real estate investment trust’s stock worth $790,402,000 after buying an additional 749,245 shares in the last quarter. Finally, Rothschild Asset Management Inc. boosted its position in shares of Highwoods Properties by 177.1% in the second quarter. Rothschild Asset Management Inc. now owns 971,022 shares of the real estate investment trust’s stock worth $49,240,000 after buying an additional 620,589 shares in the last quarter. 98.77% of the stock is currently owned by institutional investors.

Shares of Highwoods Properties Inc (NYSE HIW) opened at 50.16 on Thursday. The company has a market capitalization of $5.18 billion, a PE ratio of 40.00 and a beta of 0.88. The firm’s 50-day moving average price is $50.78 and its 200-day moving average price is $50.78. Highwoods Properties Inc has a 12-month low of $45.83 and a 12-month high of $54.31.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.90 EPS for the quarter, beating the consensus estimate of $0.31 by $0.59. Highwoods Properties had a net margin of 22.31% and a return on equity of 7.05%. The company had revenue of $177.28 million for the quarter, compared to analyst estimates of $172.28 million. During the same period in the prior year, the company earned $0.32 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. On average, analysts expect that Highwoods Properties Inc will post $1.19 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Monday, August 14th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Thursday, August 10th. Highwoods Properties’s payout ratio is currently 141.94%.

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A number of equities analysts recently commented on HIW shares. ValuEngine cut Highwoods Properties from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub cut Highwoods Properties from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $55.00 target price on shares of Highwoods Properties in a report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $55.00.

In other news, COO Theodore J. Klinck sold 10,000 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $52.51, for a total transaction of $525,100.00. Following the sale, the chief operating officer now directly owns 63,194 shares of the company’s stock, valued at approximately $3,318,316.94. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Highwoods Properties Company Profile

Highwoods Properties, Inc is an office real estate investment trust (REIT). The Company’s primary business is the operation, acquisition and development of office properties. The Company’s segments include Office and Other. The Company 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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