Centiva Capital LP Has $519,000 Holdings in Highwoods Properties, Inc. (NYSE:HIW)

Centiva Capital LP lowered its stake in shares of Highwoods Properties, Inc. (NYSE:HIW) by 58.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,980 shares of the real estate investment trust’s stock after selling 23,437 shares during the period. Centiva Capital LP’s holdings in Highwoods Properties were worth $519,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Jones Financial Companies Lllp grew its stake in Highwoods Properties by 375.0% in the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 675 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Highwoods Properties by 124.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,434 shares of the real estate investment trust’s stock valued at $73,000 after purchasing an additional 1,351 shares during the period. EverSource Wealth Advisors LLC increased its stake in Highwoods Properties by 363.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,972 shares of the real estate investment trust’s stock worth $91,000 after purchasing an additional 2,331 shares in the last quarter. FIL Ltd raised its holdings in Highwoods Properties by 26.8% during the 4th quarter. FIL Ltd now owns 3,744 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 791 shares during the period. Finally, Venturi Wealth Management LLC lifted its stake in Highwoods Properties by 26.1% in the fourth quarter. Venturi Wealth Management LLC now owns 4,111 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 851 shares in the last quarter. 96.31% of the stock is currently owned by institutional investors and hedge funds.

Highwoods Properties Stock Up 1.6 %

NYSE HIW opened at $29.95 on Friday. The business has a fifty day moving average price of $28.26 and a two-hundred day moving average price of $29.90. The stock has a market capitalization of $3.23 billion, a PE ratio of 31.53 and a beta of 1.20. Highwoods Properties, Inc. has a fifty-two week low of $24.07 and a fifty-two week high of $36.78. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.25 and a quick ratio of 1.25.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.01. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. The company had revenue of $200.38 million for the quarter, compared to analyst estimates of $201.31 million. During the same period in the previous year, the firm posted $0.89 EPS. The firm’s revenue was down 5.2% on a year-over-year basis. Equities analysts expect that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 19th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.68%. The ex-dividend date is Monday, May 19th. Highwoods Properties’s dividend payout ratio is presently 124.22%.

Wall Street Analyst Weigh In

HIW has been the topic of several recent research reports. Truist Financial dropped their price target on Highwoods Properties from $33.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Jefferies Financial Group initiated coverage on Highwoods Properties in a research note on Monday, March 17th. They issued a “buy” rating and a $32.00 target price on the stock. Finally, StockNews.com raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Highwoods Properties presently has an average rating of “Hold” and a consensus price target of $32.50.

Highwoods Properties 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.