Los Angeles Capital Management LLC Reduces Stake in Highwoods Properties, Inc. (NYSE:HIW)

Los Angeles Capital Management LLC lessened its stake in shares of Highwoods Properties, Inc. (NYSE:HIWGet Rating) by 32.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,975 shares of the real estate investment trust’s stock after selling 13,015 shares during the period. Los Angeles Capital Management LLC’s holdings in Highwoods Properties were worth $727,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of HIW. Vanguard Group Inc. increased its position in Highwoods Properties by 4.6% during the first quarter. Vanguard Group Inc. now owns 15,829,467 shares of the real estate investment trust’s stock worth $724,040,000 after purchasing an additional 699,104 shares during the last quarter. State Street Corp grew its stake in shares of Highwoods Properties by 0.9% in the 2nd quarter. State Street Corp now owns 6,399,371 shares of the real estate investment trust’s stock valued at $218,794,000 after buying an additional 55,672 shares during the period. FMR LLC increased its holdings in shares of Highwoods Properties by 3.4% during the 2nd quarter. FMR LLC now owns 5,312,711 shares of the real estate investment trust’s stock worth $181,641,000 after buying an additional 175,377 shares during the last quarter. Northern Trust Corp raised its position in shares of Highwoods Properties by 30.9% during the 1st quarter. Northern Trust Corp now owns 2,086,478 shares of the real estate investment trust’s stock valued at $95,435,000 after buying an additional 492,851 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Highwoods Properties by 4.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,588,575 shares of the real estate investment trust’s stock valued at $72,662,000 after acquiring an additional 62,058 shares during the last quarter. Institutional investors and hedge funds own 94.57% of the company’s stock.

Wall Street Analysts Forecast Growth

HIW has been the subject of several recent analyst reports. StockNews.com assumed coverage on Highwoods Properties in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Mizuho reduced their price objective on shares of Highwoods Properties from $37.00 to $31.00 and set a “neutral” rating on the stock in a report on Wednesday, October 19th. Credit Suisse Group lowered their target price on shares of Highwoods Properties from $29.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday. Truist Financial reduced their price target on shares of Highwoods Properties to $36.00 in a research note on Wednesday, November 16th. Finally, Robert W. Baird cut shares of Highwoods Properties from an “outperform” rating to a “neutral” rating and set a $31.00 price objective for the company. in a research report on Monday, October 10th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $32.00.

Highwoods Properties Stock Down 2.1 %

Shares of NYSE:HIW opened at $28.82 on Wednesday. The firm has a market capitalization of $3.03 billion, a PE ratio of 12.01 and a beta of 1.10. Highwoods Properties, Inc. has a 1 year low of $24.51 and a 1 year high of $47.01. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.10 and a quick ratio of 1.10. The firm’s 50-day moving average is $28.58 and its two-hundred day moving average is $29.78.

About Highwoods Properties

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Highwoods Properties, Inc operates as a real estate investment trust, which engages in the operation, acquisition and development of office properties. It operates through the office, and other segments. Its markets includes Atlanta, Charlotte, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond, and Tampa.

Further Reading

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

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