Sumitomo Mitsui Trust Holdings Inc. Has $2.86 Million Stock Position in Highwoods Properties, Inc. (NYSE:HIW)

Sumitomo Mitsui Trust Holdings Inc. raised its stake in Highwoods Properties, Inc. (NYSE:HIW) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,710 shares of the real estate investment trust’s stock after buying an additional 8,007 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.12% of Highwoods Properties worth $2,863,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in HIW. Louisiana State Employees Retirement System acquired a new position in shares of Highwoods Properties during the fourth quarter worth $1,215,000. International Assets Investment Management LLC acquired a new position in shares of Highwoods Properties during the fourth quarter worth $31,000. Quent Capital LLC lifted its holdings in shares of Highwoods Properties by 875.4% during the fourth quarter. Quent Capital LLC now owns 4,721 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 4,237 shares during the period. Chilton Capital Management LLC lifted its holdings in shares of Highwoods Properties by 12.8% during the fourth quarter. Chilton Capital Management LLC now owns 451,435 shares of the real estate investment trust’s stock worth $10,365,000 after purchasing an additional 51,367 shares during the period. Finally, Planned Solutions Inc. acquired a new position in shares of Highwoods Properties during the fourth quarter worth $38,000. Institutional investors and hedge funds own 96.31% of the company’s stock.

Highwoods Properties Trading Up 2.0 %

NYSE:HIW opened at $25.91 on Thursday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a 50-day moving average of $24.62 and a 200-day moving average of $22.26. The company has a market cap of $2.75 billion, a PE ratio of 18.64 and a beta of 1.23. Highwoods Properties, Inc. has a one year low of $17.06 and a one year high of $26.27.

Highwoods Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Monday, May 20th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 7.72%. The ex-dividend date of this dividend is Friday, May 17th. Highwoods Properties’s payout ratio is presently 143.88%.

Wall Street Analyst Weigh In

HIW has been the topic of a number of recent research reports. Morgan Stanley lifted their price target on shares of Highwoods Properties from $18.00 to $21.00 and gave the stock an “underweight” rating in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Highwoods Properties in a report on Tuesday, January 30th. They issued a “buy” rating and a $28.00 target price on the stock. Truist Financial boosted their target price on shares of Highwoods Properties from $28.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Finally, Robert W. Baird boosted their target price on shares of Highwoods Properties from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Highwoods Properties currently has a consensus rating of “Hold” and a consensus price target of $24.38.

Highwoods Properties Company Profile

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.