Highwoods Properties Inc (HIW) Shares Sold by Fmr LLC

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Fmr LLC lowered its stake in shares of Highwoods Properties Inc (NYSE:HIW) by 6.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 3,454,110 shares of the real estate investment trust’s stock after selling 237,417 shares during the period. Fmr LLC owned approximately 3.34% of Highwoods Properties worth $163,241,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stratos Wealth Partners LTD. acquired a new position in shares of Highwoods Properties during the third quarter valued at about $153,000. First Hawaiian Bank acquired a new position in shares of Highwoods Properties during the third quarter valued at about $185,000. Brown Advisory Inc. acquired a new position in shares of Highwoods Properties during the second quarter valued at about $206,000. Qube Research & Technologies Ltd acquired a new position in shares of Highwoods Properties during the second quarter valued at about $220,000. Finally, FTB Advisors Inc. acquired a new position in shares of Highwoods Properties during the second quarter valued at about $284,000. 92.02% of the stock is owned by institutional investors and hedge funds.

NYSE:HIW opened at $43.35 on Friday. Highwoods Properties Inc has a 12-month low of $41.34 and a 12-month high of $52.58. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $4.42 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 3.00 and a beta of 0.80.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings results on Tuesday, October 23rd. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. Highwoods Properties had a net margin of 24.37% and a return on equity of 7.87%. The firm had revenue of $179.42 million during the quarter, compared to analyst estimates of $173.78 million. During the same quarter in the prior year, the business posted $0.86 earnings per share. The company’s quarterly revenue was down .4% compared to the same quarter last year. Equities analysts predict that Highwoods Properties Inc will post 3.44 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 4th. Investors of record on Monday, November 12th were given a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend was Thursday, November 8th. Highwoods Properties’s dividend payout ratio (DPR) is presently 56.40%.

A number of research analysts have recently commented on HIW shares. Wood & Company reaffirmed a “sell” rating on shares of Highwoods Properties in a research report on Friday, August 10th. ValuEngine lowered shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. Finally, Zacks Investment Research lowered shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Highwoods Properties has an average rating of “Hold” and a consensus price target of $53.00.

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Highwoods Properties Company 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 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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