Aew Capital Management L P Acquires Shares of 1,021,910 Highwoods Properties, Inc. (NYSE:HIW)

Aew Capital Management L P acquired a new stake in Highwoods Properties, Inc. (NYSE:HIW) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,021,910 shares of the real estate investment trust’s stock, valued at approximately $31,250,000. Highwoods Properties accounts for 1.5% of Aew Capital Management L P’s holdings, making the stock its 20th biggest holding. Aew Capital Management L P owned 0.96% of Highwoods Properties at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in Highwoods Properties in the 3rd quarter valued at approximately $48,000. Versant Capital Management Inc increased its stake 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 valued at $93,000 after buying an additional 327 shares during the period. Venturi Wealth Management LLC increased its stake 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. Mirae Asset Global Investments Co. Ltd. increased its stake 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 valued at $135,000 after buying an additional 1,069 shares during the period. Finally, McClarren Financial Advisors Inc. acquired a new position in Highwoods Properties in the 4th quarter valued at approximately $155,000. Institutional investors and hedge funds own 96.31% of the company’s stock.

Highwoods Properties Price Performance

NYSE HIW opened at $29.10 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.41. The company has a fifty day simple moving average of $29.53 and a 200 day simple moving average of $31.52. The company has a market cap of $3.13 billion, a P/E ratio of 30.63 and a beta of 1.24. Highwoods Properties, Inc. has a 1 year low of $23.52 and a 1 year high of $36.78.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, hitting 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 predict that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.87%. The ex-dividend date is Tuesday, February 18th. Highwoods Properties’s dividend payout ratio (DPR) is presently 210.53%.

Analysts Set New Price Targets

HIW has been the topic of several analyst reports. Truist Financial dropped their price target on shares of 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 dropped their price target 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. Mizuho increased their price target 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. Wells Fargo & Company increased their price target on shares of Highwoods Properties from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Finally, Robert W. Baird increased their price target 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 equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.71.

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.