XTX Topco Ltd Makes New Investment in Highwoods Properties, Inc. (NYSE:HIW)

XTX Topco Ltd bought a new position in Highwoods Properties, Inc. (NYSE:HIW) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 24,860 shares of the real estate investment trust’s stock, valued at approximately $833,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Jane Street Group LLC increased its stake in shares of Highwoods Properties by 87.9% in the 3rd quarter. Jane Street Group LLC now owns 123,550 shares of the real estate investment trust’s stock worth $4,140,000 after acquiring an additional 57,787 shares during the last quarter. State Street Corp increased its stake in shares of Highwoods Properties by 1.7% in the 3rd quarter. State Street Corp now owns 7,289,806 shares of the real estate investment trust’s stock worth $244,281,000 after acquiring an additional 124,646 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of Highwoods Properties by 34.9% in the 3rd quarter. Quantinno Capital Management LP now owns 251,484 shares of the real estate investment trust’s stock worth $8,427,000 after acquiring an additional 65,031 shares during the last quarter. Quarry LP acquired a new stake in shares of Highwoods Properties in the 3rd quarter worth $48,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of Highwoods Properties in the 3rd quarter worth $306,000. 96.31% of the stock is owned by institutional investors and hedge funds.

Highwoods Properties Stock Performance

Shares of Highwoods Properties stock opened at $30.71 on Wednesday. The business has a 50-day moving average of $33.14 and a 200 day moving average of $30.61. Highwoods Properties, Inc. has a 12 month low of $20.83 and a 12 month high of $36.78. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 22.92 and a beta of 1.24. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.31 and a quick ratio of 1.31.

Highwoods Properties (NYSE:HIW) last announced its earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.74). Highwoods Properties had a net margin of 17.40% and a return on equity of 6.05%. The firm had revenue of $204.30 million for the quarter, compared to analysts’ expectations of $204.96 million. During the same quarter last year, the business earned $0.93 earnings per share. The business’s revenue was down 1.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Highwoods Properties, Inc. will post 3.62 earnings per share for the current year.

Highwoods Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 18th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.51%. The ex-dividend date of this dividend was Monday, November 18th. Highwoods Properties’s dividend payout ratio (DPR) is 149.25%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HIW. Deutsche Bank Aktiengesellschaft cut Highwoods Properties from a “buy” rating to a “hold” rating and increased their price target for the stock from $31.00 to $35.00 in a report on Tuesday, October 1st. Wells Fargo & Company increased their price target on Highwoods Properties from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Finally, Robert W. Baird increased their price target on Highwoods Properties from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average 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.