Helix Partners Management LP Purchases New Shares in Highwoods Properties, Inc. (NYSE:HIW)

Helix Partners Management LP purchased a new position in shares of Highwoods Properties, Inc. (NYSE:HIW) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 200,000 shares of the real estate investment trust’s stock, valued at approximately $6,116,000. Highwoods Properties accounts for about 1.1% of Helix Partners Management LP’s investment portfolio, making the stock its 9th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Highwoods Properties in the 4th quarter worth approximately $32,727,000. Aew Capital Management L P purchased a new stake in Highwoods Properties in the fourth quarter worth $31,250,000. Franklin Resources Inc. increased its holdings in Highwoods Properties by 40.9% in 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 acquiring an additional 908,401 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Highwoods Properties by 472.5% during the third 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 purchasing an additional 730,859 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Highwoods Properties by 20.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,265,824 shares of the real estate investment trust’s stock worth $99,869,000 after purchasing an additional 556,828 shares during the period. 96.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HIW has been the topic of several research reports. StockNews.com raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Friday, March 14th. Truist Financial dropped their target price on Highwoods Properties from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Jefferies Financial Group started coverage on Highwoods Properties in a report on Monday, March 17th. They issued a “buy” rating and a $32.00 price target for the company. Finally, Mizuho boosted their price objective on Highwoods Properties from $24.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $32.50.

Highwoods Properties Stock Up 1.2 %

HIW opened at $29.85 on Thursday. The firm has a market capitalization of $3.21 billion, a P/E ratio of 31.42 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 fifty day moving average price of $29.07 and a 200-day moving average price of $31.07. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.25 and a quick ratio of 1.25.

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

Highwoods Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 6.70%. The ex-dividend date was Tuesday, February 18th. Highwoods Properties’s dividend payout ratio (DPR) is 210.53%.

About Highwoods Properties

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.