Highwoods Properties Inc (HIW) Position Decreased by Forsta AP Fonden

Forsta AP Fonden lessened its holdings in Highwoods Properties Inc (NYSE:HIW) by 5.2% in the 4th quarter, HoldingsChannel reports. The firm owned 31,200 shares of the real estate investment trust’s stock after selling 1,700 shares during the quarter. Forsta AP Fonden’s holdings in Highwoods Properties were worth $1,588,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Sei Investments Co. increased its stake in shares of Highwoods Properties by 11.3% in the 4th quarter. Sei Investments Co. now owns 139,211 shares of the real estate investment trust’s stock valued at $7,088,000 after purchasing an additional 14,091 shares in the last quarter. New Mexico Educational Retirement Board increased its stake in shares of Highwoods Properties by 80.9% in the 4th quarter. New Mexico Educational Retirement Board now owns 25,535 shares of the real estate investment trust’s stock valued at $1,300,000 after purchasing an additional 11,422 shares in the last quarter. Wealthstreet Investment Advisors LLC purchased a new position in shares of Highwoods Properties in the 4th quarter valued at about $204,000. Swiss National Bank increased its stake in shares of Highwoods Properties by 3.8% in the 4th quarter. Swiss National Bank now owns 175,802 shares of the real estate investment trust’s stock valued at $8,950,000 after purchasing an additional 6,400 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of Highwoods Properties by 8.0% in the 4th quarter. California Public Employees Retirement System now owns 192,827 shares of the real estate investment trust’s stock valued at $9,817,000 after purchasing an additional 14,237 shares in the last quarter. Hedge funds and other institutional investors own 96.21% of the company’s stock.

In other Highwoods Properties news, Director Sherry A. Kellett sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $51.70, for a total transaction of $51,700.00. Following the completion of the sale, the director now directly owns 11,744 shares in the company, valued at approximately $607,164.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Sherry A. Kellett sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $50.64, for a total value of $101,280.00. Following the sale, the director now owns 13,744 shares of the company’s stock, valued at $695,996.16. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

Shares of Highwoods Properties Inc (NYSE:HIW) opened at $43.68 on Friday. Highwoods Properties Inc has a 52 week low of $41.83 and a 52 week high of $53.34. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $4,511.44, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 4.29 and a beta of 0.74.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th will be paid a dividend of $0.4625 per share. This is a positive change from Highwoods Properties’s previous quarterly dividend of $0.44. This represents a $1.85 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend is Friday, February 16th. Highwoods Properties’s payout ratio is 99.44%.

Several equities analysts recently weighed in on HIW shares. SunTrust Banks set a $52.00 price target on Highwoods Properties and gave the company a “hold” rating in a research note on Tuesday, October 24th. ValuEngine upgraded Highwoods Properties from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. Edward Jones lowered Highwoods Properties from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Stifel Nicolaus cut their price target on Highwoods Properties from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Finally, Zacks Investment Research lowered Highwoods Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $51.50.

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About Highwoods Properties

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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