Highwoods Properties, Inc. (HIW) Shares Bought by Asset Management One Co. Ltd.
Asset Management One Co. Ltd. lifted its position in shares of Highwoods Properties, Inc. (NYSE:HIW) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 256,924 shares of the real estate investment trust’s stock after buying an additional 13,063 shares during the period. Asset Management One Co. Ltd. owned approximately 0.25% of Highwoods Properties worth $13,360,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado increased its holdings in Highwoods Properties by 4.1% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 3,161 shares of the real estate investment trust’s stock valued at $160,000 after purchasing an additional 124 shares in the last quarter. Ray Gerald L & Associates Ltd. acquired a new stake in Highwoods Properties in the 2nd quarter valued at $203,000. Tudor Investment Corp ET AL acquired a new stake in Highwoods Properties in the 2nd quarter valued at $207,000. Denver Investment Advisors LLC acquired a new stake in Highwoods Properties in the 2nd quarter valued at $260,000. Finally, Parametrica Management Ltd acquired a new stake in Highwoods Properties in the 3rd quarter valued at $288,000. Institutional investors and hedge funds own 96.56% of the company’s stock.
Highwoods Properties, Inc. (HIW) opened at $51.75 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $5,331.77, a PE ratio of 15.28, a price-to-earnings-growth ratio of 3.29 and a beta of 0.87. Highwoods Properties, Inc. has a 12-month low of $48.42 and a 12-month high of $53.34.
Highwoods Properties (NYSE:HIW) last posted its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.54. The company had revenue of $180.19 million during the quarter, compared to analysts’ expectations of $177.15 million. Highwoods Properties had a net margin of 22.02% and a return on equity of 7.09%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 EPS. equities research analysts predict that Highwoods Properties, Inc. will post 3.38 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th were given a $0.44 dividend. The ex-dividend date was Monday, November 13th. This represents a $1.76 dividend on an annualized basis and a yield of 3.40%. Highwoods Properties’s payout ratio is currently 119.73%.
Several brokerages recently issued reports on HIW. SunTrust Banks set a $52.00 price target on Highwoods Properties and gave the company a “hold” rating in a report on Tuesday, October 24th. Janney Montgomery Scott began coverage on Highwoods Properties in a report on Friday, September 8th. They issued a “neutral” rating for the company. BidaskClub upgraded Highwoods Properties from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Edward Jones downgraded Highwoods Properties from a “buy” rating to a “hold” rating in a report on Monday, November 6th. Finally, Bank of America increased their price target on Highwoods Properties from $57.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, October 3rd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Highwoods Properties presently has an average rating of “Hold” and a consensus target price of $54.80.
In other Highwoods Properties news, Director Sherry A. Kellett sold 1,000 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $51.70, for a total value of $51,700.00. Following the completion of the transaction, the director now directly owns 11,744 shares of the company’s stock, valued at approximately $607,164.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Sherry A. Kellett sold 2,000 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $50.64, for a total transaction of $101,280.00. Following the completion of the transaction, the director now directly owns 13,744 shares of the company’s stock, valued at $695,996.16. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.
Highwoods Properties Profile
Highwoods Properties, Inc is an office real estate investment trust (REIT). The Company’s primary business is the operation, acquisition and development of office properties. The Company’s segments include Office and Other. The Company owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.
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