Allianz Asset Management GmbH Has $38.76 Million Stock Holdings in Highwoods Properties, Inc. (NYSE:HIW)

Allianz Asset Management GmbH raised its position in Highwoods Properties, Inc. (NYSE:HIW) by 55.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,267,553 shares of the real estate investment trust’s stock after buying an additional 454,670 shares during the quarter. Allianz Asset Management GmbH’s holdings in Highwoods Properties were worth $38,762,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP acquired a new position in shares of Highwoods Properties during the third quarter valued at $48,000. Versant Capital Management Inc raised its holdings in Highwoods Properties by 12.0% during the 4th quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 327 shares during the last quarter. Blue Trust Inc. lifted its position in Highwoods Properties by 269.8% during the 3rd quarter. Blue Trust Inc. now owns 3,221 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 2,350 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of 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 last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew 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 worth $135,000 after buying an additional 1,069 shares during the period. 96.31% of the stock is owned by institutional investors and hedge funds.

Highwoods Properties Stock Down 0.8 %

NYSE:HIW opened at $29.22 on Monday. Highwoods Properties, Inc. has a 1 year low of $23.14 and a 1 year high of $36.78. The stock has a 50-day moving average price of $29.68 and a two-hundred day moving average price of $31.59. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 30.76 and a beta of 1.24. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.41.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share for the quarter, meeting the consensus estimate of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. As a group, equities analysts expect that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.00 annualized dividend and a dividend yield of 6.84%. Highwoods Properties’s dividend payout ratio is currently 210.53%.

Analyst Ratings Changes

HIW has been the topic of several analyst reports. Robert W. Baird increased their price objective on shares of Highwoods Properties from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Wells Fargo & Company increased their price target 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. Mizuho lifted their price objective on Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Jefferies Financial Group cut their target price on Highwoods Properties from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, January 2nd. Finally, Truist Financial decreased their target price on Highwoods Properties from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.71.

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.