Andrew Hill Investment Advisors Inc. Acquires 677 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Andrew Hill Investment Advisors Inc. grew its position in Highwoods Properties, Inc. (NYSE:HIW) by 0.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 143,814 shares of the real estate investment trust’s stock after purchasing an additional 677 shares during the period. Highwoods Properties comprises approximately 3.3% of Andrew Hill Investment Advisors Inc.’s holdings, making the stock its 14th biggest holding. Andrew Hill Investment Advisors Inc.’s holdings in Highwoods Properties were worth $4,398,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Versant Capital Management Inc increased its position 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 buying an additional 327 shares during the period. Everhart Financial Group Inc. increased its position in shares of Highwoods Properties by 6.0% during the fourth quarter. Everhart Financial Group Inc. now owns 11,719 shares of the real estate investment trust’s stock worth $358,000 after acquiring an additional 660 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Highwoods Properties by 375.0% in the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 675 shares during the period. M&T Bank Corp increased its stake in shares of Highwoods Properties by 3.7% in the third quarter. M&T Bank Corp now owns 19,141 shares of the real estate investment trust’s stock worth $642,000 after purchasing an additional 682 shares in the last quarter. Finally, Advisory Services Network LLC grew its position in Highwoods Properties by 2.4% during the fourth quarter. Advisory Services Network LLC now owns 32,018 shares of the real estate investment trust’s stock worth $979,000 after buying an additional 747 shares in the last quarter. Institutional investors and hedge funds own 96.31% of the company’s stock.

Highwoods Properties Trading Up 6.3 %

Shares of Highwoods Properties stock opened at $26.90 on Thursday. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 28.32 and a beta of 1.15. The company has a fifty day simple moving average of $28.66 and a 200-day simple moving average of $30.76. 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, Inc. has a 12-month low of $23.52 and a 12-month high of $36.78.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.85 EPS for the quarter, hitting analysts’ consensus estimates of $0.85. Highwoods Properties had a return on equity of 4.33% and a net margin of 12.37%. On average, equities analysts forecast that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.00 annualized dividend and a dividend yield of 7.43%. Highwoods Properties’s dividend payout ratio (DPR) is 210.53%.

Wall Street Analyst Weigh In

HIW has been the subject of several recent analyst reports. Jefferies Financial Group began coverage on shares of Highwoods Properties in a research note on Monday, March 17th. They set a “buy” rating and a $32.00 price objective for the company. Truist Financial lowered their target price on Highwoods Properties from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. StockNews.com lowered shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Thursday, April 3rd. Finally, Mizuho upped their price target on Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $32.50.

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.