M&T Bank Corp Acquires 682 Shares of Highwoods Properties, Inc. (NYSE:HIW)

M&T Bank Corp lifted its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW) by 3.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,141 shares of the real estate investment trust’s stock after buying an additional 682 shares during the period. M&T Bank Corp’s holdings in Highwoods Properties were worth $642,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP bought a new stake in shares of Highwoods Properties during the third quarter worth $48,000. Blue Trust Inc. grew 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 worth $108,000 after acquiring an additional 2,350 shares during the last quarter. Venturi Wealth Management LLC increased its holdings 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 worth $109,000 after purchasing an additional 1,167 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Highwoods Properties by 35.1% in 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 purchasing an additional 1,069 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Highwoods Properties by 19.5% in the third quarter. GAMMA Investing LLC now owns 5,026 shares of the real estate investment trust’s stock valued at $168,000 after purchasing an additional 820 shares during the last quarter. 96.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HIW has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Highwoods Properties from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft cut Highwoods Properties from a “buy” rating to a “hold” rating and upped their target price for the company from $31.00 to $35.00 in a report on Tuesday, October 1st. Finally, Robert W. Baird raised 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Highwoods Properties has a consensus rating of “Hold” and a consensus target price of $31.20.

Highwoods Properties Price Performance

Shares of HIW opened at $31.24 on Wednesday. The firm has a market cap of $3.31 billion, a PE ratio of 23.31 and a beta of 1.24. Highwoods Properties, Inc. has a 52-week low of $21.37 and a 52-week high of $36.78. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.31 and a current ratio of 1.31. The business’s 50 day moving average price is $32.97 and its two-hundred day moving average price is $30.81.

Highwoods Properties (NYSE:HIW) last released its earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.74). The company had revenue of $204.30 million for the quarter, compared to analyst estimates of $204.96 million. Highwoods Properties had a net margin of 17.40% and a return on equity of 6.05%. The firm’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 EPS. On average, equities analysts anticipate that Highwoods Properties, Inc. will post 3.62 EPS for the current year.

Highwoods Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.40%. Highwoods Properties’s dividend payout ratio (DPR) is presently 149.25%.

Highwoods Properties 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.