ARP Americas LP Makes New Investment in Highwoods Properties Inc (NYSE:HIW)

ARP Americas LP bought a new position in Highwoods Properties Inc (NYSE:HIW) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 10,300 shares of the real estate investment trust’s stock, valued at approximately $384,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Heritage Wealth Advisors increased its holdings in Highwoods Properties by 61.2% in the 2nd quarter. Heritage Wealth Advisors now owns 1,639 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 622 shares in the last quarter. Van ECK Associates Corp increased its holdings in Highwoods Properties by 108.8% in the 1st quarter. Van ECK Associates Corp now owns 1,255 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 654 shares in the last quarter. Exane Derivatives increased its holdings in Highwoods Properties by 14,695.5% in the 2nd quarter. Exane Derivatives now owns 3,255 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 3,233 shares in the last quarter. Fifth Third Bancorp purchased a new stake in Highwoods Properties in the 1st quarter worth approximately $178,000. Finally, First Citizens Bank & Trust Co. increased its holdings in Highwoods Properties by 6.2% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 6,243 shares of the real estate investment trust’s stock worth $233,000 after acquiring an additional 362 shares in the last quarter. 95.60% of the stock is owned by institutional investors.

Several research firms have weighed in on HIW. DA Davidson restated a “buy” rating on shares of Highwoods Properties in a research note on Wednesday. SunTrust Banks increased their target price on Highwoods Properties from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. ValuEngine downgraded Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, April 21st. Morgan Stanley upgraded Highwoods Properties from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $40.00 to $44.00 in a research report on Wednesday, June 24th. Finally, Robert W. Baird upgraded Highwoods Properties from a “neutral” rating to an “outperform” rating and lowered their target price for the company from $53.00 to $40.00 in a research report on Monday, April 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. Highwoods Properties currently has an average rating of “Buy” and an average price target of $44.38.

HIW traded down $0.09 during trading on Friday, reaching $38.34. The company had a trading volume of 931,790 shares, compared to its average volume of 664,990. The stock has a market cap of $3.98 billion, a P/E ratio of 12.78, a PEG ratio of 2.24 and a beta of 0.99. The business has a 50 day simple moving average of $37.63 and a 200-day simple moving average of $40.61. Highwoods Properties Inc has a 52 week low of $25.10 and a 52 week high of $52.76. The company has a quick ratio of 1.48, a current ratio of 1.07 and a debt-to-equity ratio of 1.01.

Highwoods Properties (NYSE:HIW) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.53). The company had revenue of $183.15 million during the quarter, compared to the consensus estimate of $187.69 million. Highwoods Properties had a return on equity of 13.93% and a net margin of 41.15%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.87 earnings per share. As a group, equities research analysts expect that Highwoods Properties Inc will post 3.61 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 17th will be given a $0.48 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.92 dividend on an annualized basis and a yield of 5.01%. Highwoods Properties’s dividend payout ratio is presently 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.

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

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