New York State Common Retirement Fund Sells 52,646 Shares of Highwoods Properties, Inc. (HIW)

New York State Common Retirement Fund reduced its position in Highwoods Properties, Inc. (NYSE:HIW) by 19.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 219,700 shares of the real estate investment trust’s stock after selling 52,646 shares during the quarter. New York State Common Retirement Fund owned approximately 0.21% of Highwoods Properties worth $11,141,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Thrivent Financial For Lutherans lifted its stake in Highwoods Properties by 4.3% during the second quarter. Thrivent Financial For Lutherans now owns 72,812 shares of the real estate investment trust’s stock worth $3,692,000 after purchasing an additional 3,010 shares during the last quarter. Amalgamated Bank lifted its stake in Highwoods Properties by 29.6% during the second quarter. Amalgamated Bank now owns 19,779 shares of the real estate investment trust’s stock worth $1,003,000 after purchasing an additional 4,517 shares during the last quarter. Nationwide Fund Advisors lifted its stake in Highwoods Properties by 4.2% during the second quarter. Nationwide Fund Advisors now owns 201,683 shares of the real estate investment trust’s stock worth $10,227,000 after purchasing an additional 8,047 shares during the last quarter. Standard Life Investments LTD lifted its stake in Highwoods Properties by 1.9% during the second quarter. Standard Life Investments LTD now owns 689,861 shares of the real estate investment trust’s stock worth $34,979,000 after purchasing an additional 12,793 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its position in Highwoods Properties by 6.6% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 17,800 shares of the real estate investment trust’s stock worth $903,000 after buying an additional 1,100 shares during the period. Institutional investors and hedge funds own 97.93% of the company’s stock.

Several research analysts have commented on the company. Bank of America Corporation lifted their price target on Highwoods Properties from $57.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, October 3rd. Janney Montgomery Scott started coverage on Highwoods Properties in a report on Friday, September 8th. They issued a “neutral” rating on the stock. Finally, BidaskClub raised Highwoods Properties from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $55.50.

Shares of Highwoods Properties, Inc. (NYSE HIW) opened at 52.59 on Tuesday. The stock has a market capitalization of $5.43 billion, a P/E ratio of 41.94 and a beta of 0.89. Highwoods Properties, Inc. has a 52-week low of $45.83 and a 52-week high of $53.34. The firm’s 50-day moving average price is $52.15 and its 200-day moving average price is $51.18.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.59. The firm had revenue of $177.28 million for the quarter, compared to the consensus estimate of $172.28 million. Highwoods Properties had a return on equity of 5.96% and a net margin of 18.79%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 EPS. Equities analysts forecast that Highwoods Properties, Inc. will post $1.26 earnings per share for the current fiscal year.

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About Highwoods Properties

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.

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

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