Institutional Investors Are Betting On Highwoods Properties Inc (NYSE:HIW)

Shares of Highwoods Properties (NYSE HIW) traded down 0.75% on Wednesday, hitting $50.54. (NYSE:HIW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of HIW.

ILLEGAL ACTIVITY WARNING: "Somewhat Positive Press Coverage Somewhat Unlikely to Affect Highwoods Properties (HIW) Share Price" was first posted by TheOlympiaReport and is the property of of TheOlympiaReport. Tiaa Cref Investment Management LLC now owns 351,376 shares with a value of $17,818,000. The legal version of this article can be accessed at https://weekherald.com/2017/08/12/brokers-issue-forecasts-for-highwoods-properties-inc-s-fy2018-earnings-nysehiw-updated.html. Independent Portfolio Consultants Inc. now owns 2,743 shares of the real estate investment trust's stock valued at $139,000 after buying an additional 408 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Highwoods Properties during the fourth quarter valued at approximately $2,392,000. Retirement Systems of Alabama now owns 131,254 shares of the real estate investment trust's stock valued at $6,449,000 after buying an additional 1,843 shares in the last quarter. FMR LLC increased its stake in shares of Highwoods Properties by 4.7% in the first quarter. State Street Corp now owns 4,327,993 shares of the real estate investment trust's stock worth $212,634,000 after buying an additional 88,057 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Highwoods Properties by 5.4% in the second quarter. World Asset Management Inc now owns 6,233 shares of the real estate investment trust's stock worth $306,000 after buying an additional 217 shares during the period.

The company is trading up by 0.20% since yesterday's close of $50.15.

Shares of the company are trading at $50.25 a tad below the 50 day moving average which is $50.78 and which is slightly below the 200 day moving average of $50.78. The company has a market cap of $5.22 billion, a PE ratio of 40.30 and a beta of 0.88.

Highwoods Properties (NYSE:HIW) last posted its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.90 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.31 by $0.59. Highwoods Properties had a return on equity of 5.96% and a net margin of 18.79%. The firm had revenue of $177.28 million for the quarter, compared to analyst estimates of $172.28 million. Next quarter's EPS is expected be $0.31 with next year's EPS projected to be $1.29. The firm's revenue was up 6.2% compared to the same quarter a year ago. About shares traded. Highwoods Properties Inc (NYSE:HIW) has risen 13.20% since August 11, 2016 and is uptrending.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Highwoods Properties, Inc.'s dividend has Aug 14, 2017 as record date. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.51%. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of US and global copyright & trademark legislation.

Several equities analysts recently issued reports on HIW shares. BidaskClub cut Highwoods Properties from a "hold" rating to a "sell" rating in a research report on Wednesday, July 12th. Stifel Nicolaus reaffirmed a "buy" rating and set a $55.00 target price on shares of Highwoods Properties in a report on Wednesday, April 19th. Finally, ValuEngine downgraded Highwoods Properties from a "buy" rating to a "hold" rating in a research note on Friday, June 2nd. One equities 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 company's stock. They now have a Dollars 55 price target on the stock.

In other news, COO Theodore J. Klinck sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $52.51, for a total value of $525,100.00. Following the completion of the transaction, the chief operating officer now directly owns 63,194 shares of the company's stock, valued at $3,318,316.94. Ameriprise Finance Inc owns 1.48M shares. M&T Natl Bank has invested 0% in Highwoods Properties Inc (NYSE:HIW).

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