Presima Inc. Has $2.64 Million Holdings in Highwoods Properties Inc (NYSE:HIW)

Presima Inc. lowered its position in Highwoods Properties Inc (NYSE:HIW) by 4.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,500 shares of the real estate investment trust’s stock after selling 2,600 shares during the quarter. Highwoods Properties accounts for approximately 0.4% of Presima Inc.’s holdings, making the stock its 20th biggest holding. Presima Inc. owned 0.05% of Highwoods Properties worth $2,643,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Employees Retirement System of Texas increased its position in shares of Highwoods Properties by 0.3% in the fourth quarter. Employees Retirement System of Texas now owns 139,460 shares of the real estate investment trust’s stock valued at $5,396,000 after buying an additional 350 shares in the last quarter. State of Alaska Department of Revenue increased its position in Highwoods Properties by 0.8% during the 1st quarter. State of Alaska Department of Revenue now owns 44,525 shares of the real estate investment trust’s stock worth $2,081,000 after purchasing an additional 375 shares in the last quarter. Utah Retirement Systems increased its position in Highwoods Properties by 1.5% during the 4th quarter. Utah Retirement Systems now owns 26,319 shares of the real estate investment trust’s stock worth $1,018,000 after purchasing an additional 400 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Highwoods Properties by 3.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 16,100 shares of the real estate investment trust’s stock worth $623,000 after purchasing an additional 500 shares in the last quarter. Finally, American International Group Inc. increased its position in Highwoods Properties by 0.3% during the 4th quarter. American International Group Inc. now owns 210,908 shares of the real estate investment trust’s stock worth $8,160,000 after purchasing an additional 628 shares in the last quarter. Institutional investors and hedge funds own 93.67% of the company’s stock.

HIW opened at $44.33 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 3.36 and a beta of 0.97. Highwoods Properties Inc has a 12 month low of $37.09 and a 12 month high of $52.00.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.72 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.12). The business had revenue of $172.36 million during the quarter, compared to analysts’ expectations of $181.72 million. Highwoods Properties had a net margin of 20.42% and a return on equity of 6.59%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 EPS. As a group, sell-side analysts forecast that Highwoods Properties Inc will post 3.34 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Monday, May 13th will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Friday, May 10th. Highwoods Properties’s dividend payout ratio (DPR) is 55.07%.

A number of analysts recently commented on the company. Zacks Investment Research cut Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Monday, April 15th. ValuEngine upgraded Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. Finally, Capital One Financial upgraded Highwoods Properties from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $51.60.

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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.

See Also: Index Funds

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

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