Hantz Financial Services Inc. Lowers Stock Position in Highwoods Properties, Inc. (NYSE:HIW)

Hantz Financial Services Inc. cut its position in shares of Highwoods Properties, Inc. (NYSE:HIW) by 29.1% during the 4th quarter, Holdings Channel reports. The firm owned 39,541 shares of the real estate investment trust’s stock after selling 16,237 shares during the quarter. Hantz Financial Services Inc.’s holdings in Highwoods Properties were worth $1,209,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Highwoods Properties during the 3rd quarter worth approximately $48,000. Versant Capital Management Inc lifted its holdings in Highwoods Properties by 12.0% during the fourth quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 327 shares during the period. Blue Trust Inc. boosted its position in Highwoods Properties by 269.8% in the third quarter. Blue Trust Inc. now owns 3,221 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 2,350 shares during the last quarter. Venturi Wealth Management LLC grew its stake in Highwoods Properties by 55.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,260 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 1,167 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Highwoods Properties by 35.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,114 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 1,069 shares during the last quarter. 96.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HIW. Jefferies Financial Group cut their price target on shares of Highwoods Properties from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. Robert W. Baird boosted their target price on shares of Highwoods Properties from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Mizuho raised their price target on shares of Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company upped their price objective on Highwoods Properties from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $30.86.

Highwoods Properties Stock Performance

NYSE HIW opened at $29.73 on Friday. The firm has a market cap of $3.15 billion, a P/E ratio of 22.19 and a beta of 1.24. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.41. The company’s 50 day moving average is $30.43 and its 200-day moving average is $31.60. Highwoods Properties, Inc. has a 12-month low of $21.46 and a 12-month high of $36.78.

Highwoods Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a yield of 6.73%. Highwoods Properties’s payout ratio is 149.25%.

Highwoods Properties Company Profile

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.