AMP Capital Investors Ltd Sells 3,615 Shares of Highwoods Properties Inc (HIW)
AMP Capital Investors Ltd lessened its holdings in Highwoods Properties Inc (NYSE:HIW) by 4.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 72,994 shares of the real estate investment trust’s stock after selling 3,615 shares during the quarter. AMP Capital Investors Ltd’s holdings in Highwoods Properties were worth $3,704,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Wells Fargo & Company MN raised its stake in shares of Highwoods Properties by 11.0% in the first quarter. Wells Fargo & Company MN now owns 103,966 shares of the real estate investment trust’s stock worth $4,555,000 after purchasing an additional 10,296 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in Highwoods Properties by 9.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 119,314 shares of the real estate investment trust’s stock valued at $5,228,000 after acquiring an additional 10,767 shares in the last quarter. Swiss National Bank raised its position in Highwoods Properties by 2.3% during the first quarter. Swiss National Bank now owns 179,902 shares of the real estate investment trust’s stock valued at $7,883,000 after acquiring an additional 4,100 shares in the last quarter. Eaton Vance Management raised its position in Highwoods Properties by 17.9% during the first quarter. Eaton Vance Management now owns 19,999 shares of the real estate investment trust’s stock valued at $876,000 after acquiring an additional 3,030 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Highwoods Properties by 10.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 1,201,546 shares of the real estate investment trust’s stock valued at $52,652,000 after acquiring an additional 118,174 shares in the last quarter. 92.42% of the stock is owned by hedge funds and other institutional investors.
HIW has been the subject of several recent research reports. Morgan Stanley reduced their price target on Highwoods Properties from $52.00 to $46.00 and set an “equal weight” rating for the company in a research report on Thursday, June 14th. Zacks Investment Research cut Highwoods Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, June 20th. SunTrust Banks set a $51.00 price target on Highwoods Properties and gave the company a “buy” rating in a research report on Monday, July 30th. Wood & Company reiterated a “sell” rating on shares of Highwoods Properties in a research report on Friday, August 10th. Finally, ValuEngine upgraded Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, May 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $53.71.
Highwoods Properties stock opened at $48.59 on Tuesday. The company has a market capitalization of $5.02 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 4.74 and a beta of 0.73. Highwoods Properties Inc has a 12 month low of $41.34 and a 12 month high of $53.34. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.15 and a quick ratio of 1.15.
Highwoods Properties (NYSE:HIW) last posted its quarterly earnings data on Tuesday, July 24th. The real estate investment trust reported $0.49 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.37). The business had revenue of $178.79 million during the quarter, compared to analysts’ expectations of $178.37 million. Highwoods Properties had a net margin of 27.68% and a return on equity of 8.96%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.90 earnings per share. equities analysts predict that Highwoods Properties Inc will post 3.43 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 5th. Stockholders of record on Monday, August 13th were given a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend was Friday, August 10th. Highwoods Properties’s dividend payout ratio (DPR) is presently 56.40%.
Highwoods Properties 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 fullyintegrated 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.
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