State of Alaska Department of Revenue cut its position in shares of Highwoods Properties Inc (NYSE:HIW) by 47.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,868 shares of the real estate investment trust’s stock after selling 24,027 shares during the quarter. State of Alaska Department of Revenue’s holdings in Highwoods Properties were worth $1,206,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. boosted its position in shares of Highwoods Properties by 104.5% during the second quarter. Rockefeller Capital Management L.P. now owns 822 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 420 shares in the last quarter. Pearl River Capital LLC boosted its holdings in Highwoods Properties by 236.9% in the second quarter. Pearl River Capital LLC now owns 1,469 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 1,033 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Highwoods Properties by 35.7% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,536 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 667 shares in the last quarter. D L Carlson Investment Group Inc. bought a new stake in Highwoods Properties in the second quarter worth $248,000. Finally, M&T Bank Corp boosted its holdings in Highwoods Properties by 36.4% in the second quarter. M&T Bank Corp now owns 6,283 shares of the real estate investment trust’s stock worth $261,000 after acquiring an additional 1,676 shares in the last quarter. Institutional investors own 93.59% of the company’s stock.
Highwoods Properties stock opened at $43.56 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.99. The business’s fifty day simple moving average is $44.01 and its two-hundred day simple moving average is $44.24. Highwoods Properties Inc has a 12 month low of $37.09 and a 12 month high of $47.32. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 3.36 and a beta of 0.80.
Highwoods Properties (NYSE:HIW) last posted its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.47). Highwoods Properties had a return on equity of 6.13% and a net margin of 18.79%. The business had revenue of $184.10 million during the quarter, compared to analysts’ expectations of $180.20 million. During the same quarter in the prior year, the firm earned $0.87 EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities research analysts predict that Highwoods Properties Inc will post 3.33 EPS for the current year.
Several equities research analysts have commented on HIW shares. Robert W. Baird set a $49.00 target price on Highwoods Properties and gave the stock a “hold” rating in a report on Wednesday, August 21st. SunTrust Banks boosted their target price on Highwoods Properties from $50.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Finally, ValuEngine raised Highwoods Properties from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $50.00.
Highwoods Properties Profile
Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (REIT) and a member of the S&P MidCap 400 Index. The Company is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.
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