Quantinno Capital Management LP Increases Stake in Highwoods Properties, Inc. (NYSE:HIW)

Quantinno Capital Management LP boosted its stake in shares of Highwoods Properties, Inc. (NYSE:HIW) by 34.9% in the 3rd quarter, Holdings Channel reports. The fund owned 251,484 shares of the real estate investment trust’s stock after buying an additional 65,031 shares during the period. Quantinno Capital Management LP’s holdings in Highwoods Properties were worth $8,427,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Quarry LP purchased a new position in Highwoods Properties during the third quarter valued at approximately $48,000. Blue Trust Inc. raised its position in Highwoods Properties by 269.8% during the third quarter. Blue Trust Inc. now owns 3,221 shares of the real estate investment trust’s stock valued at $108,000 after acquiring an additional 2,350 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Highwoods Properties by 55.8% in the third quarter. Venturi Wealth Management LLC now owns 3,260 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 1,167 shares during the period. GAMMA Investing LLC grew its holdings in Highwoods Properties by 11.7% in the second quarter. GAMMA Investing LLC now owns 4,206 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 440 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Highwoods Properties by 35.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,114 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 1,069 shares during the period. 96.31% of the stock is currently owned by hedge funds and other institutional investors.

Highwoods Properties Stock Performance

Shares of NYSE:HIW opened at $31.64 on Friday. 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 business’s 50 day moving average price is $33.28 and its 200-day moving average price is $30.42. The firm has a market capitalization of $3.35 billion, a PE ratio of 23.53 and a beta of 1.24. Highwoods Properties, Inc. has a 1 year low of $20.54 and a 1 year high of $36.78.

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

Highwoods Properties Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 6.32%. Highwoods Properties’s payout ratio is 149.25%.

Wall Street Analysts Forecast Growth

Several analysts have commented on HIW shares. Robert W. Baird raised their price objective on Highwoods Properties from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered Highwoods Properties from a “buy” rating to a “hold” rating and raised their price objective for the company from $31.00 to $35.00 in a report on Tuesday, October 1st. Finally, Wells Fargo & Company raised their price objective on Highwoods Properties from $32.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $31.20.

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.