Oliver Luxxe Assets LLC Grows Stock Holdings in Highwoods Properties, Inc. (NYSE:HIW)

Oliver Luxxe Assets LLC grew its position in Highwoods Properties, Inc. (NYSE:HIW) by 44.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 70,426 shares of the real estate investment trust’s stock after buying an additional 21,655 shares during the period. Oliver Luxxe Assets LLC’s holdings in Highwoods Properties were worth $2,154,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its holdings in Highwoods Properties by 131.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,708,996 shares of the real estate investment trust’s stock worth $90,778,000 after purchasing an additional 1,536,067 shares during the last quarter. Franklin Resources Inc. grew its stake in Highwoods Properties by 40.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,130,452 shares of the real estate investment trust’s stock worth $107,155,000 after buying an additional 908,401 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Highwoods Properties by 472.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 885,541 shares of the real estate investment trust’s stock valued at $29,674,000 after buying an additional 730,859 shares in the last quarter. Barclays PLC raised its stake in Highwoods Properties by 537.7% in the third quarter. Barclays PLC now owns 485,368 shares of the real estate investment trust’s stock valued at $16,264,000 after buying an additional 409,258 shares during the last quarter. Finally, LSV Asset Management raised its stake in Highwoods Properties by 109.5% in the second quarter. LSV Asset Management now owns 552,000 shares of the real estate investment trust’s stock valued at $14,501,000 after buying an additional 288,500 shares during the last quarter. Institutional investors own 96.31% of the company’s stock.

Highwoods Properties Stock Performance

NYSE HIW traded down $0.69 on Monday, reaching $30.09. 295,581 shares of the company’s stock traded hands, compared to its average volume of 600,533. Highwoods Properties, Inc. has a fifty-two week low of $21.37 and a fifty-two week high of $36.78. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 22.46 and a beta of 1.24. The stock has a 50 day moving average price of $31.76 and a 200-day moving average price of $31.25.

Highwoods Properties (NYSE:HIW) last issued its earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.74). The company had revenue of $204.30 million during the quarter, compared to analysts’ expectations of $204.96 million. Highwoods Properties had a return on equity of 6.05% and a net margin of 17.40%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.93 EPS. Equities research analysts predict that Highwoods Properties, Inc. will post 3.62 EPS for the current fiscal year.

Highwoods Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, November 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.65%. Highwoods Properties’s payout ratio is 149.25%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HIW. Jefferies Financial Group dropped their price target on Highwoods Properties from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft lowered shares of Highwoods Properties from a “buy” rating to a “hold” rating and boosted their price objective for the company from $31.00 to $35.00 in a report on Tuesday, October 1st. Robert W. Baird raised their target price on Highwoods Properties from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company boosted their price target on Highwoods Properties from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $31.17.

Highwoods Properties Company Profile

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.