Securian Asset Management Inc grew its holdings in Highwoods Properties Inc (NYSE:HIW) by 6.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 400,917 shares of the real estate investment trust’s stock after purchasing an additional 24,397 shares during the period. Securian Asset Management Inc owned approximately 0.39% of Highwoods Properties worth $16,558,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. WINTON GROUP Ltd lifted its holdings in shares of Highwoods Properties by 19.6% in the second quarter. WINTON GROUP Ltd now owns 66,960 shares of the real estate investment trust’s stock valued at $2,765,000 after purchasing an additional 10,953 shares in the last quarter. 6 Meridian increased its stake in shares of Highwoods Properties by 2.3% in the second quarter. 6 Meridian now owns 11,483 shares of the real estate investment trust’s stock worth $474,000 after acquiring an additional 260 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in shares of Highwoods Properties in the first quarter worth $3,320,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Highwoods Properties in the first quarter worth $250,000. Finally, Janus Henderson Group PLC increased its stake in shares of Highwoods Properties by 11.2% in the first quarter. Janus Henderson Group PLC now owns 384,213 shares of the real estate investment trust’s stock worth $17,975,000 after acquiring an additional 38,759 shares during the last quarter. Institutional investors own 92.00% of the company’s stock.
Shares of NYSE HIW traded up $0.11 during mid-day trading on Tuesday, reaching $44.24. The company had a trading volume of 7,115 shares, compared to its average volume of 852,360. Highwoods Properties Inc has a twelve month low of $37.09 and a twelve month high of $50.81. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $4.56 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 3.35 and a beta of 0.81. The stock’s 50 day moving average is $43.78 and its 200-day moving average is $44.72.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Monday, August 12th will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 4.29%. The ex-dividend date is Friday, August 9th. Highwoods Properties’s payout ratio is 55.07%.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, May 21st. ValuEngine raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Finally, TheStreet downgraded shares of Highwoods Properties from a “b-” rating to a “c+” rating in a research note on Monday, May 13th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy”.
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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