Easterly Investment Partners LLC Acquires 25,287 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Easterly Investment Partners LLC grew its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW) by 29.8% in the third quarter, Holdings Channel.com reports. The firm owned 110,264 shares of the real estate investment trust’s stock after buying an additional 25,287 shares during the period. Easterly Investment Partners LLC’s holdings in Highwoods Properties were worth $3,695,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC boosted its position in Highwoods Properties by 45.5% during the first quarter. Abich Financial Wealth Management LLC now owns 1,855 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 580 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Highwoods Properties by 141.3% in the second quarter. Versant Capital Management Inc now owns 2,073 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 1,214 shares in the last quarter. Pathway Financial Advisers LLC purchased a new stake in shares of Highwoods Properties in the first quarter worth about $107,000. Blue Trust Inc. lifted its holdings in shares of 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 buying an additional 2,350 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Highwoods Properties by 11.7% in the second quarter. GAMMA Investing LLC now owns 4,206 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 440 shares in the last quarter. Institutional investors own 96.31% of the company’s stock.

Highwoods Properties Trading Up 0.0 %

NYSE:HIW traded up $0.01 during trading hours on Friday, hitting $33.83. The company had a trading volume of 163,038 shares, compared to its average volume of 992,355. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market capitalization of $3.59 billion, a PE ratio of 25.25 and a beta of 1.26. The stock has a 50-day moving average price of $33.44 and a 200 day moving average price of $29.64. Highwoods Properties, Inc. has a 52 week low of $17.17 and a 52 week high of $36.78.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported $0.14 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.74). The firm had revenue of $204.30 million for the quarter, compared to analysts’ expectations of $204.96 million. Highwoods Properties had a net margin of 17.40% and a return on equity of 6.05%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 EPS. On average, equities research analysts predict that Highwoods Properties, Inc. will post 3.62 EPS for the current fiscal year.

Highwoods Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.91%. The ex-dividend date of this dividend is Monday, November 18th. Highwoods Properties’s dividend payout ratio is currently 149.25%.

Wall Street Analyst Weigh In

HIW has been the topic of a number of recent analyst reports. Robert W. Baird increased their price target on shares of Highwoods Properties from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft downgraded shares of Highwoods Properties from a “buy” rating to a “hold” rating and increased their price target for the stock from $31.00 to $35.00 in a report on Tuesday, October 1st. Truist Financial increased their price target on shares of Highwoods Properties from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Finally, Wells Fargo & Company increased their price target on shares of Highwoods Properties from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Highwoods Properties has an average rating of “Hold” and an average price target of $29.33.

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.