Highwoods Properties, Inc. (NYSE: HIW) Shares Sold by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC decreased its stake in Highwoods Properties, Inc. (NYSE: HIW) by 25.5% in the first quarter, according to the company’s most recent Form 13F filing with the SEC. The fund owned 37,455 shares of the real estate investment trust’s stock after selling 12,800 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Highwoods Properties were valued at $1,110,000 at the end of the reporting period.
Several other hedge funds and institutional investors have also made changes to their positions in HIW. Norges Bank acquired a new stake in Highwoods Properties in the fourth quarter valued at approximately $32,727,000. Janus Henderson Group PLC increased its holdings in Highwoods Properties by 512.9% in the fourth quarter. Janus Henderson Group PLC now owns 1,274,443 shares of the real estate investment trust’s stock valued at $38,961,000 after purchasing an additional 1,066,508 shares during the last quarter.
Highwoods Properties Trading Update
HIW opened at $31.91 on Tuesday. Highwoods Properties, Inc. has a 52-week low of $24.19 and a 52-week high of $36.78. The company has a fifty-day simple moving average of $30.59 and a 200-day simple moving average of $29.42. The company has a market capitalization of $3.44 billion, a P/E ratio of 19.82, and a beta of 1.21. The company has a quick ratio of 1.50, a current ratio of 1.50, and a debt-to-equity ratio of 1.40.
Highwoods Properties Announces Dividend
The company recently declared a quarterly dividend, with shareholders of record on Monday, May 19th receiving a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date of this dividend was Monday, May 19th. Highwoods Properties’s dividend payout ratio is currently 124.22%.
Analyst Price Targets
HIW has been the subject of several recent analyst reports. Mizuho raised their target price on Highwoods Properties from $29.00 to $30.00 and gave the stock a “neutral” rating. Wells Fargo & Company lowered their target price on Highwoods Properties from $35.00 to $31.00 and set an “equal weight” rating. Wall Street Zen upgraded Highwoods Properties from a “sell” rating to a “hold” rating. Jefferies Financial Group initiated coverage on Highwoods Properties with a “buy” rating and a $32.00 target price. Truist Financial downgraded Highwoods Properties from a “buy” rating to a “hold” rating with a $32.00 target price. Currently, the company has an average rating of “Hold” and an average price target of $32.00.
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