Caxton Associates LP Has $624,000 Holdings in Highwoods Properties, Inc. (NYSE:HIW)

Caxton Associates LP lessened its stake in Highwoods Properties, Inc. (NYSE:HIW) by 72.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,818 shares of the real estate investment trust’s stock after selling 61,705 shares during the quarter. Caxton Associates LP’s holdings in Highwoods Properties were worth $624,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Franklin Resources Inc. increased its position in Highwoods Properties by 42.0% in the 4th quarter. Franklin Resources Inc. now owns 4,614,624 shares of the real estate investment trust’s stock valued at $105,952,000 after acquiring an additional 1,364,176 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Highwoods Properties by 0.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 2,328,382 shares of the real estate investment trust’s stock valued at $53,459,000 after acquiring an additional 9,397 shares in the last quarter. PGGM Investments acquired a new stake in shares of Highwoods Properties during the 4th quarter worth approximately $46,833,000. Charles Schwab Investment Management Inc. grew its position in shares of Highwoods Properties by 7.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,898,083 shares of the real estate investment trust’s stock worth $43,580,000 after buying an additional 124,577 shares during the period. Finally, Norges Bank acquired a new stake in shares of Highwoods Properties during the 4th quarter worth approximately $24,306,000. Institutional investors and hedge funds own 96.31% of the company’s stock.

Highwoods Properties Stock Up 0.4 %

Highwoods Properties stock opened at $30.65 on Wednesday. The company’s 50 day simple moving average is $26.64 and its 200 day simple moving average is $25.30. Highwoods Properties, Inc. has a fifty-two week low of $17.06 and a fifty-two week high of $30.82. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 25.12 and a beta of 1.27. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.29 and a quick ratio of 1.29.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.31). Highwoods Properties had a return on equity of 6.33% and a net margin of 18.30%. The firm had revenue of $204.74 million for the quarter, compared to the consensus estimate of $205.06 million. During the same period in the previous year, the business earned $0.94 EPS. The firm’s revenue was down 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Highwoods Properties, Inc. will post 3.58 EPS for the current year.

Highwoods Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.53%. The ex-dividend date of this dividend is Monday, August 19th. Highwoods Properties’s payout ratio is currently 163.93%.

Analyst Ratings Changes

Several brokerages have recently commented on HIW. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Highwoods Properties from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Truist Financial lifted their price target on shares of Highwoods Properties from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.25.

About Highwoods Properties

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.