Highwoods Properties Inc (HIW) Position Increased by Texas Permanent School Fund

Texas Permanent School Fund increased its position in shares of Highwoods Properties Inc (NYSE:HIW) by 3.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 70,315 shares of the real estate investment trust’s stock after buying an additional 2,593 shares during the quarter. Texas Permanent School Fund’s holdings in Highwoods Properties were worth $3,289,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in Highwoods Properties by 29.1% in the third quarter. JPMorgan Chase & Co. now owns 4,188,266 shares of the real estate investment trust’s stock valued at $197,937,000 after purchasing an additional 944,953 shares during the period. Neuberger Berman Group LLC raised its position in Highwoods Properties by 27.7% in the third quarter. Neuberger Berman Group LLC now owns 484,327 shares of the real estate investment trust’s stock valued at $22,889,000 after purchasing an additional 104,921 shares during the period. Vanguard Group Inc raised its position in Highwoods Properties by 0.7% in the third quarter. Vanguard Group Inc now owns 15,331,831 shares of the real estate investment trust’s stock valued at $724,584,000 after purchasing an additional 104,562 shares during the period. State of Alaska Department of Revenue raised its position in Highwoods Properties by 1.9% in the fourth quarter. State of Alaska Department of Revenue now owns 44,150 shares of the real estate investment trust’s stock valued at $1,707,000 after purchasing an additional 819 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in Highwoods Properties in the fourth quarter valued at approximately $229,000. 93.67% of the stock is owned by institutional investors and hedge funds.

NYSE HIW traded up $0.15 during trading hours on Tuesday, hitting $43.95. The company had a trading volume of 34,061 shares, compared to its average volume of 672,345. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.12 and a quick ratio of 1.12. Highwoods Properties Inc has a 1-year low of $37.09 and a 1-year high of $52.00. The company has a market capitalization of $4.60 billion, a PE ratio of 12.74, a P/E/G ratio of 3.30 and a beta of 0.97.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.12). Highwoods Properties had a net margin of 20.42% and a return on equity of 6.59%. The company had revenue of $172.36 million during the quarter, compared to analyst estimates of $181.72 million. During the same quarter in the prior year, the company earned $0.85 EPS. The business’s revenue was down 4.5% on a year-over-year basis. On average, research analysts expect that Highwoods Properties Inc will post 3.34 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Monday, May 13th will be paid a $0.475 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.90 annualized dividend and a yield of 4.32%. Highwoods Properties’s dividend payout ratio is presently 55.07%.

HIW has been the topic of a number of research analyst reports. Capital One Financial raised Highwoods Properties from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 22nd. Zacks Investment Research downgraded shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research note on Friday, March 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Highwoods Properties currently has an average rating of “Hold” and a consensus target price of $51.60.

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About Highwoods Properties

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

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