MetLife Investment Advisors LLC reduced its holdings in Highwoods Properties Inc (NYSE:HIW) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,101 shares of the real estate investment trust’s stock after selling 238 shares during the quarter. MetLife Investment Advisors LLC owned 0.06% of Highwoods Properties worth $2,441,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Capital Investment Advisory Services LLC acquired a new stake in shares of Highwoods Properties during the 4th quarter worth about $27,000. Lasalle Investment Management Securities LLC bought a new stake in Highwoods Properties during the 4th quarter worth about $153,000. Fox Run Management L.L.C. bought a new stake in Highwoods Properties during the 4th quarter worth about $229,000. Commonwealth Bank of Australia bought a new stake in Highwoods Properties during the 3rd quarter worth about $302,000. Finally, Caxton Associates LP bought a new stake in Highwoods Properties during the 4th quarter worth about $268,000. Institutional investors and hedge funds own 94.25% of the company’s stock.
Highwoods Properties stock traded up $0.41 during midday trading on Friday, hitting $44.99. 380,518 shares of the stock were exchanged, compared to its average volume of 508,825. Highwoods Properties Inc has a 52 week low of $37.09 and a 52 week high of $52.00. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 2.97 and a beta of 1.01. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.20 and a quick ratio of 1.20.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.475 per share. The ex-dividend date is Friday, May 10th. This represents a $1.90 annualized dividend and a yield of 4.22%. Highwoods Properties’s dividend payout ratio (DPR) is currently 55.07%.
HIW has been the topic of a number of research analyst reports. ValuEngine raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a report on Thursday, January 10th. Zacks Investment Research lowered shares of Highwoods Properties from a “hold” rating to a “sell” rating in a report on Monday, April 15th. Finally, Capital One Financial raised shares of Highwoods Properties from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 22nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $53.00.
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Highwoods Properties Company Profile
Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (REIT) and a member of the S&P MidCap 400 Index. The Company is a fully-integrated office REIT that 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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