SG Americas Securities LLC Has $485,000 Position in Highwoods Properties, Inc. (HIW)

SG Americas Securities LLC cut its position in shares of Highwoods Properties, Inc. (NYSE:HIW) by 75.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,318 shares of the real estate investment trust’s stock after selling 28,422 shares during the quarter. SG Americas Securities LLC’s holdings in Highwoods Properties were worth $485,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Highwoods Properties by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,889 shares of the real estate investment trust’s stock worth $755,000 after purchasing an additional 38 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in Highwoods Properties by 4.1% during the second quarter. Public Employees Retirement Association of Colorado now owns 3,161 shares of the real estate investment trust’s stock worth $160,000 after purchasing an additional 124 shares during the last quarter. GAM Holding AG boosted its holdings in Highwoods Properties by 2.4% during the second quarter. GAM Holding AG now owns 8,660 shares of the real estate investment trust’s stock worth $439,000 after purchasing an additional 199 shares during the last quarter. World Asset Management Inc boosted its holdings in Highwoods Properties by 3.2% during the second quarter. World Asset Management Inc now owns 6,433 shares of the real estate investment trust’s stock worth $326,000 after purchasing an additional 200 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Highwoods Properties by 4.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,448 shares of the real estate investment trust’s stock worth $378,000 after purchasing an additional 320 shares during the last quarter. Institutional investors and hedge funds own 96.56% of the company’s stock.

Highwoods Properties, Inc. (HIW) traded up $0.06 on Tuesday, reaching $51.55. 571,100 shares of the company’s stock were exchanged, compared to its average volume of 534,870. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $5,316.29, a PE ratio of 15.23, a price-to-earnings-growth ratio of 3.28 and a beta of 0.87. Highwoods Properties, Inc. has a 52-week low of $48.42 and a 52-week high of $53.34.

Highwoods Properties (NYSE:HIW) last released its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.54. The firm had revenue of $180.19 million for the quarter, compared to analysts’ expectations of $177.15 million. Highwoods Properties had a net margin of 22.02% and a return on equity of 7.09%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 earnings per share. sell-side analysts expect that Highwoods Properties, Inc. will post 3.38 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend was Monday, November 13th. Highwoods Properties’s payout ratio is 119.73%.

HIW has been the topic of several analyst reports. Bank of America boosted their price target on shares of Highwoods Properties from $57.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, October 3rd. Edward Jones cut shares of Highwoods Properties from a “buy” rating to a “hold” rating in a report on Monday, November 6th. BidaskClub upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Janney Montgomery Scott initiated coverage on shares of Highwoods Properties in a report on Friday, September 8th. They set a “neutral” rating on the stock. Finally, SunTrust Banks set a $52.00 price target on shares of Highwoods Properties and gave the stock a “hold” rating in a report on Tuesday, October 24th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $54.80.

In other Highwoods Properties news, Director Sherry A. Kellett sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $50.64, for a total value of $101,280.00. Following the transaction, the director now directly owns 13,744 shares in the company, valued at $695,996.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is owned by insiders.

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Highwoods Properties Profile

Highwoods Properties, Inc is an office real estate investment trust (REIT). The Company’s primary business is the operation, acquisition and development of office properties. The Company’s segments include Office and Other. The Company 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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Institutional Ownership by Quarter for Highwoods Properties (NYSE:HIW)

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