GC Wealth Management RIA LLC Increases Position in Highwoods Properties, Inc. (NYSE:HIW)

GC Wealth Management RIA LLC boosted its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW) by 47.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,287 shares of the real estate investment trust’s stock after acquiring an additional 2,981 shares during the period. GC Wealth Management RIA LLC’s holdings in Highwoods Properties were worth $284,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc boosted its holdings in Highwoods Properties by 12.0% in the 4th quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 327 shares during the last quarter. Assetmark Inc. boosted its holdings in Highwoods Properties by 5.7% in the 3rd quarter. Assetmark Inc. now owns 9,254 shares of the real estate investment trust’s stock valued at $310,000 after purchasing an additional 495 shares during the last quarter. Everhart Financial Group Inc. boosted its holdings in Highwoods Properties by 6.0% in the 4th quarter. Everhart Financial Group Inc. now owns 11,719 shares of the real estate investment trust’s stock valued at $358,000 after purchasing an additional 660 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Highwoods Properties by 375.0% in the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 675 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in Highwoods Properties by 3.7% in the 3rd quarter. M&T Bank Corp now owns 19,141 shares of the real estate investment trust’s stock valued at $642,000 after purchasing an additional 682 shares during the last quarter. 96.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HIW has been the topic of several recent analyst reports. Truist Financial decreased their target price on shares of Highwoods Properties from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Jefferies Financial Group decreased their price objective on shares of Highwoods Properties from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. StockNews.com upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th. Finally, Mizuho upped their price objective on shares of Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $30.71.

Highwoods Properties Stock Performance

Shares of HIW stock opened at $28.79 on Wednesday. The firm has a market cap of $3.10 billion, a P/E ratio of 30.30 and a beta of 1.25. Highwoods Properties, Inc. has a one year low of $23.52 and a one year high of $36.78. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.25 and a current ratio of 1.25. The firm’s 50 day moving average price is $29.32 and its 200-day moving average price is $31.39.

Highwoods Properties (NYSE:HIW) last released its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. As a group, equities research analysts predict that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a yield of 6.95%. Highwoods Properties’s dividend payout ratio (DPR) is presently 210.53%.

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.