Easterly Investment Partners LLC Purchases 25,287 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Easterly Investment Partners LLC grew its position in Highwoods Properties, Inc. (NYSE:HIW) by 29.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 110,264 shares of the real estate investment trust’s stock after purchasing an additional 25,287 shares during the quarter. Easterly Investment Partners LLC owned approximately 0.10% of Highwoods Properties worth $3,695,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. M&G PLC lifted its position in shares of Highwoods Properties by 26.8% during the 3rd quarter. M&G PLC now owns 631,159 shares of the real estate investment trust’s stock valued at $21,459,000 after acquiring an additional 133,575 shares during the period. Harvest Portfolios Group Inc. lifted its position in shares of Highwoods Properties by 141.2% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 36,647 shares of the real estate investment trust’s stock valued at $1,228,000 after acquiring an additional 21,455 shares during the period. QRG Capital Management Inc. lifted its position in shares of Highwoods Properties by 7.7% during the 3rd quarter. QRG Capital Management Inc. now owns 25,099 shares of the real estate investment trust’s stock valued at $841,000 after acquiring an additional 1,795 shares during the period. Van ECK Associates Corp lifted its position in shares of Highwoods Properties by 10.7% during the 3rd quarter. Van ECK Associates Corp now owns 19,856 shares of the real estate investment trust’s stock valued at $710,000 after acquiring an additional 1,914 shares during the period. Finally, Optas LLC acquired a new position in shares of Highwoods Properties during the 3rd quarter valued at $238,000. 96.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Truist Financial boosted their target price on shares of Highwoods Properties from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Wells Fargo & Company upped their price objective on shares of Highwoods Properties from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday. Robert W. Baird upped their price objective on shares of Highwoods Properties from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Highwoods Properties from a “buy” rating to a “hold” rating and upped their price objective for the stock from $31.00 to $35.00 in a report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Highwoods Properties presently has a consensus rating of “Hold” and a consensus target price of $29.33.

Highwoods Properties Stock Up 0.0 %

Shares of NYSE HIW traded up $0.01 during trading on Friday, hitting $33.83. The stock had a trading volume of 163,038 shares, compared to its average volume of 992,355. Highwoods Properties, Inc. has a 12 month low of $17.17 and a 12 month high of $36.78. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market capitalization of $3.59 billion, a PE ratio of 25.25 and a beta of 1.26. The firm has a fifty day moving average of $33.44 and a two-hundred day moving average of $29.64.

Highwoods Properties (NYSE:HIW) last posted its earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.74). Highwoods Properties had a return on equity of 6.05% and a net margin of 17.40%. The firm had revenue of $204.30 million during the quarter, compared to the consensus estimate of $204.96 million. During the same quarter in the previous year, the company earned $0.93 EPS. The business’s revenue was down 1.4% compared to the same quarter last year. As a group, equities research analysts forecast that Highwoods Properties, Inc. will post 3.62 EPS for the current fiscal year.

Highwoods Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $2.00 annualized dividend and a yield of 5.91%. Highwoods Properties’s payout ratio is currently 149.25%.

Highwoods Properties 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.