Cbre Clarion Securities LLC acquired a new position in Highwoods Properties Inc (NYSE:HIW) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 251,028 shares of the real estate investment trust’s stock, valued at approximately $8,891,000. Cbre Clarion Securities LLC owned 0.24% of Highwoods Properties at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp acquired a new position in shares of Highwoods Properties in the fourth quarter worth approximately $29,000. DekaBank Deutsche Girozentrale acquired a new position in Highwoods Properties in the fourth quarter valued at approximately $106,000. Fifth Third Bancorp acquired a new position in Highwoods Properties in the first quarter valued at approximately $178,000. Chicago Equity Partners LLC acquired a new position in Highwoods Properties in the fourth quarter valued at approximately $247,000. Finally, Prudential PLC lifted its stake in Highwoods Properties by 16.3% in the first quarter. Prudential PLC now owns 7,205 shares of the real estate investment trust’s stock valued at $255,000 after buying an additional 1,011 shares during the period. 95.55% of the stock is currently owned by institutional investors.

Several equities analysts have issued reports on HIW shares. Robert W. Baird raised Highwoods Properties from a “neutral” rating to an “outperform” rating and dropped their price target for the company from $53.00 to $40.00 in a research note on Monday, April 6th. Citigroup dropped their price target on Highwoods Properties from $51.00 to $34.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Bank of America raised Highwoods Properties from a “neutral” rating to a “buy” rating and boosted their price target for the company from $54.00 to $55.00 in a research note on Wednesday, March 4th. ValuEngine lowered Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, April 21st. Finally, SunTrust Banks upped their target price on Highwoods Properties from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $43.88.

In related news, EVP Jeffrey Douglas Miller purchased 1,000 shares of Highwoods Properties stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average cost of $35.99 per share, for a total transaction of $35,990.00. Following the transaction, the executive vice president now directly owns 95,730 shares in the company, valued at $3,445,322.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by company insiders.

Shares of Highwoods Properties stock traded up $1.94 during trading on Wednesday, hitting $41.99. 59,752 shares of the stock traded hands, compared to its average volume of 1,082,876. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.04. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 2.31 and a beta of 1.00. The firm’s fifty day moving average is $36.09 and its 200-day moving average is $43.31. Highwoods Properties Inc has a 52 week low of $25.10 and a 52 week high of $52.76.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.79 EPS for the quarter, beating the consensus estimate of $0.88 by $0.91. Highwoods Properties had a return on equity of 14.27% and a net margin of 41.50%. The firm had revenue of $192.80 million for the quarter, compared to analyst estimates of $192.55 million. During the same period in the prior year, the company earned $0.72 EPS. The company’s revenue was up 11.8% on a year-over-year basis. On average, analysts forecast that Highwoods Properties Inc will post 3.58 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Monday, May 18th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.92 annualized dividend and a yield of 4.57%. Highwoods Properties’s payout ratio is 57.66%.

Highwoods Properties Company Profile

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (“REIT”) and a member of the S&P MidCap 400 Index. The Company is a fully-integrated office REIT that 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.

Featured Story: Quick Ratio

Institutional Ownership by Quarter for Highwoods Properties (NYSE:HIW)

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