ClearAlpha Technologies LP Acquires New Position in Highwoods Properties, Inc. (NYSE:HIW)

ClearAlpha Technologies LP bought a new position in shares of Highwoods Properties, Inc. (NYSE:HIW) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,720 shares of the real estate investment trust’s stock, valued at approximately $359,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc raised its position in shares of Highwoods Properties by 141.3% during the 2nd quarter. Versant Capital Management Inc now owns 2,073 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 1,214 shares during the period. Blue Trust Inc. increased its position in shares of Highwoods Properties by 269.8% during the 3rd quarter. Blue Trust Inc. now owns 3,221 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 2,350 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in Highwoods Properties by 55.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,260 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,167 shares during the period. GAMMA Investing LLC lifted its position 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 buying an additional 440 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Highwoods Properties by 35.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,114 shares of the real estate investment trust’s stock worth $135,000 after buying an additional 1,069 shares during the period. 96.31% of the stock is currently owned by institutional investors and hedge funds.

Highwoods Properties Stock Performance

Shares of HIW stock opened at $32.46 on Monday. Highwoods Properties, Inc. has a 52 week low of $18.56 and a 52 week high of $36.78. The firm has a 50 day moving average of $33.39 and a two-hundred day moving average of $30.32. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $3.44 billion, a PE ratio of 24.22 and a beta of 1.26.

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

Highwoods Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be paid 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 dividend yield of 6.16%. Highwoods Properties’s payout ratio is 149.25%.

Wall Street Analysts Forecast Growth

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