Highwoods Properties Inc (HIW) Stake Lifted by Rothschild & Co. Asset Management US Inc.

Rothschild & Co. Asset Management US Inc. lifted its position in shares of Highwoods Properties Inc (NYSE:HIW) by 2.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,119,598 shares of the real estate investment trust’s stock after purchasing an additional 22,227 shares during the period. Rothschild & Co. Asset Management US Inc.’s holdings in Highwoods Properties were worth $52,375,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc boosted its position in shares of Highwoods Properties by 0.7% in the third quarter. Vanguard Group Inc now owns 15,331,831 shares of the real estate investment trust’s stock valued at $724,584,000 after acquiring an additional 104,562 shares during the period. FMR LLC boosted its stake in shares of Highwoods Properties by 27.7% during the fourth quarter. FMR LLC now owns 4,409,992 shares of the real estate investment trust’s stock valued at $170,623,000 after purchasing an additional 955,882 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Highwoods Properties by 29.1% during the third quarter. JPMorgan Chase & Co. now owns 4,188,266 shares of the real estate investment trust’s stock valued at $197,937,000 after purchasing an additional 944,953 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Highwoods Properties by 1,084.1% during the first quarter. Victory Capital Management Inc. now owns 3,048,220 shares of the real estate investment trust’s stock valued at $142,596,000 after purchasing an additional 2,790,799 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Highwoods Properties by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,601,574 shares of the real estate investment trust’s stock valued at $61,965,000 after purchasing an additional 17,556 shares during the period. Institutional investors own 96.03% of the company’s stock.

Shares of HIW traded down $0.10 during trading hours on Wednesday, reaching $43.76. 355 shares of the company traded hands, compared to its average volume of 665,992. The firm has a market capitalization of $4.59 billion, a P/E ratio of 12.68, a P/E/G ratio of 3.30 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. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.00.

Highwoods Properties (NYSE:HIW) last issued its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.12). The company had revenue of $172.36 million for 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 revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 earnings per share. Analysts predict that Highwoods Properties Inc will post 3.34 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Monday, May 13th will be issued a $0.475 dividend. The ex-dividend date is Friday, May 10th. This represents a $1.90 annualized dividend and a dividend yield of 4.34%. Highwoods Properties’s payout ratio is currently 55.07%.

HIW has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. 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. Finally, TheStreet lowered shares of Highwoods Properties from a “b-” rating to a “c+” rating in a research note on Monday, May 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price 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.

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

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