Edge Capital Group LLC Cuts Stock Holdings in Highwoods Properties, Inc. (NYSE:HIW)

Edge Capital Group LLC lessened its stake in Highwoods Properties, Inc. (NYSE:HIW) by 0.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 139,790 shares of the real estate investment trust’s stock after selling 934 shares during the quarter. Edge Capital Group LLC owned approximately 0.13% of Highwoods Properties worth $4,275,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in Highwoods Properties in the 3rd quarter worth $48,000. Versant Capital Management Inc increased its holdings in Highwoods Properties by 12.0% in the 4th quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 327 shares in the last quarter. Blue Trust Inc. increased its holdings in Highwoods Properties by 269.8% in the 3rd quarter. Blue Trust Inc. now owns 3,221 shares of the real estate investment trust’s stock worth $108,000 after acquiring an additional 2,350 shares in the last quarter. Venturi Wealth Management LLC increased 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 worth $109,000 after acquiring an additional 1,167 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Highwoods Properties by 35.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,114 shares of the real estate investment trust’s stock worth $135,000 after acquiring an additional 1,069 shares in the last quarter. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HIW shares. Wells Fargo & Company boosted their price target on shares of Highwoods Properties from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Mizuho lifted their target price on shares of Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. StockNews.com cut shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. Jefferies Financial Group lowered their target price on shares of Highwoods Properties from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, January 2nd. Finally, Robert W. Baird lifted their target price on shares of Highwoods Properties from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $30.71.

Highwoods Properties Stock Down 0.8 %

Shares of HIW opened at $29.22 on Monday. The firm has a market cap of $3.14 billion, a P/E ratio of 30.76 and a beta of 1.24. Highwoods Properties, Inc. has a 12-month low of $23.14 and a 12-month high of $36.78. The company’s 50-day moving average price is $29.68 and its 200 day moving average price is $31.59. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.41.

Highwoods Properties (NYSE:HIW) last issued its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. On average, sell-side analysts forecast that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.00 annualized dividend and a yield of 6.84%. Highwoods Properties’s dividend payout ratio (DPR) is currently 210.53%.

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.