First Quadrant L P CA Continues to Hold Position in Highwoods Properties, Inc. (NYSE:HIW)

First Quadrant L P CA maintained its stake in Highwoods Properties, Inc. (NYSE:HIW) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 393,148 shares of the real estate investment trust’s stock at the end of the second quarter. First Quadrant L P CA’s holdings in Highwoods Properties were worth $19,937,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Independent Portfolio Consultants Inc. increased its stake in Highwoods Properties by 17.5% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,743 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 408 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Highwoods Properties by 13.6% in the first quarter. Envestnet Asset Management Inc. now owns 3,083 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 369 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in Highwoods Properties during the first quarter valued at approximately $210,000. Oppenheimer Asset Management Inc. acquired a new stake in Highwoods Properties during the first quarter valued at approximately $255,000. Finally, World Asset Management Inc increased its stake in Highwoods Properties by 3.6% in the first quarter. World Asset Management Inc now owns 6,233 shares of the real estate investment trust’s stock valued at $306,000 after buying an additional 217 shares in the last quarter. 98.83% of the stock is owned by institutional investors.

Shares of Highwoods Properties, Inc. (HIW) traded down 0.35% during mid-day trading on Thursday, hitting $50.66. 47,101 shares of the stock were exchanged. Highwoods Properties, Inc. has a 12-month low of $45.83 and a 12-month high of $56.23. The firm has a 50-day moving average price of $51.06 and a 200 day moving average price of $50.90. The company has a market capitalization of $5.17 billion, a PE ratio of 41.90 and a beta of 0.88.

Highwoods Properties (NYSE:HIW) last issued its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.02. The company had revenue of $169.41 million during the quarter, compared to analysts’ expectations of $167.20 million. Highwoods Properties had a net margin of 18.29% and a return on equity of 5.80%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the business earned $0.82 EPS. On average, equities research analysts expect that Highwoods Properties, Inc. will post $1.18 earnings per share for the current year.

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HIW has been the subject of several recent research reports. ValuEngine raised shares of Highwoods Properties from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th. Stifel Nicolaus reissued a “buy” rating and issued a $55.00 target price on shares of Highwoods Properties in a research report on Wednesday, April 19th. Finally, BidaskClub raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $56.40.

In other news, COO Theodore J. Klinck sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $52.51, for a total transaction of $525,100.00. Following the completion of the transaction, the chief operating officer now directly owns 63,194 shares of the company’s stock, valued at approximately $3,318,316.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is owned by company insiders.

Highwoods Properties Company Profile

Highwoods Properties, Inc is an office real estate investment trust (REIT). The Company’s primary business is the operation, acquisition and development of office properties. The Company’s segments include Office and Other. The Company owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.

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Institutional Ownership by Quarter for Highwoods Properties (NYSE:HIW)

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