QS Investors LLC Purchases 622 Shares of Highwoods Properties, Inc. (NYSE:HIW)

QS Investors LLC grew its stake in shares of Highwoods Properties, Inc. (NYSE:HIW) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,400 shares of the real estate investment trust’s stock after purchasing an additional 622 shares during the period. QS Investors LLC owned approximately 0.06% of Highwoods Properties worth $3,045,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AGF Investments LLC acquired a new position in shares of Highwoods Properties during the first quarter valued at about $35,000. Arkadios Wealth Advisors raised its holdings in shares of Highwoods Properties by 165.3% during the second quarter. Arkadios Wealth Advisors now owns 1,093 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 681 shares during the period. Lazard Asset Management LLC raised its holdings in shares of Highwoods Properties by 113.1% during the first quarter. Lazard Asset Management LLC now owns 1,724 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 915 shares during the period. US Bancorp DE raised its holdings in shares of Highwoods Properties by 345.3% during the second quarter. US Bancorp DE now owns 1,759 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 1,364 shares during the period. Finally, Rockefeller Capital Management L.P. acquired a new position in shares of Highwoods Properties during the second quarter valued at about $143,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.

HIW opened at $45.98 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.29 and a quick ratio of 1.29. Highwoods Properties, Inc. has a fifty-two week low of $29.18 and a fifty-two week high of $48.98. The firm has a market capitalization of $4.78 billion, a PE ratio of 20.26, a P/E/G ratio of 3.05 and a beta of 1.16. The company’s 50-day moving average is $45.32 and its 200 day moving average is $45.34.

Highwoods Properties (NYSE:HIW) last posted its earnings results on Tuesday, July 27th. The real estate investment trust reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.33). Highwoods Properties had a return on equity of 10.23% and a net margin of 32.60%. The business had revenue of $185.50 million during the quarter, compared to analyst estimates of $184.55 million. During the same quarter in the prior year, the company earned $0.93 EPS. The company’s revenue was up 1.3% on a year-over-year basis. As a group, analysts expect that Highwoods Properties, Inc. will post 3.69 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 8th. Shareholders of record on Monday, August 16th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.35%. This is an increase from Highwoods Properties’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, August 13th. Highwoods Properties’s dividend payout ratio is presently 55.87%.

Several brokerages have recently weighed in on HIW. Zacks Investment Research upgraded shares of Highwoods Properties from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Monday, October 4th. Morgan Stanley upped their target price on shares of Highwoods Properties from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Thursday, September 30th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Highwoods Properties has a consensus rating of “Buy” and an average target price of $45.00.

Highwoods Properties Profile

Highwoods Properties, Inc operates as a real estate investment trust, which engages in the operation, acquisition and development of office properties. It operates through the office, and other segments. Its markets includes Atlanta, Charlotte, 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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