Davis Selected Advisers Lowers Stock Position in Highwoods Properties, Inc. (NYSE:HIW)

Davis Selected Advisers decreased its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW) by 17.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 130,050 shares of the real estate investment trust’s stock after selling 27,050 shares during the period. Davis Selected Advisers owned approximately 0.12% of Highwoods Properties worth $3,977,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Jones Financial Companies Lllp raised its position in Highwoods Properties by 375.0% in the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 675 shares in the last quarter. Quarry LP purchased a new position in shares of Highwoods Properties in the 3rd quarter valued at about $48,000. Smartleaf Asset Management LLC lifted its stake in shares of Highwoods Properties by 124.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,434 shares of the real estate investment trust’s stock valued at $73,000 after purchasing an additional 1,351 shares during the period. Versant Capital Management Inc lifted its stake in shares of Highwoods Properties by 12.0% in the fourth 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 period. Finally, Venturi Wealth Management LLC boosted its holdings in Highwoods Properties by 55.8% during the third quarter. Venturi Wealth Management LLC now owns 3,260 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 1,167 shares in the last quarter. 96.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HIW shares. Jefferies Financial Group reduced their price target on shares of Highwoods Properties from $35.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, January 2nd. Mizuho lifted their price objective on Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Truist Financial lowered their target price on Highwoods Properties from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Finally, StockNews.com raised Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $30.71.

Highwoods Properties Trading Up 3.4 %

Shares of HIW stock opened at $29.45 on Friday. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 31.00 and a beta of 1.24. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.41. The firm has a 50-day moving average price of $29.39 and a 200 day moving average price of $31.44. Highwoods Properties, Inc. has a twelve month low of $23.52 and a twelve month high of $36.78.

Highwoods Properties (NYSE:HIW) last issued its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 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%. Research analysts forecast that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 6.79%. The ex-dividend date of this dividend is Tuesday, February 18th. Highwoods Properties’s dividend payout ratio (DPR) is 210.53%.

Highwoods Properties 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.