Pathstone Holdings LLC Buys 3,188 Shares of Highwoods Properties, Inc. (NYSE:HIW)

Pathstone Holdings LLC grew its stake in Highwoods Properties, Inc. (NYSE:HIW) by 8.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,371 shares of the real estate investment trust’s stock after acquiring an additional 3,188 shares during the quarter. Pathstone Holdings LLC’s holdings in Highwoods Properties were worth $1,420,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Quest Partners LLC bought a new stake in Highwoods Properties in the third quarter valued at approximately $428,000. Metis Global Partners LLC grew its holdings in shares of Highwoods Properties by 31.5% in the 3rd quarter. Metis Global Partners LLC now owns 10,916 shares of the real estate investment trust’s stock valued at $366,000 after buying an additional 2,613 shares during the period. Oppenheimer & Co. Inc. grew its holdings in shares of Highwoods Properties by 184.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 27,048 shares of the real estate investment trust’s stock valued at $906,000 after buying an additional 17,548 shares during the period. Venturi Wealth Management LLC increased its position in shares of Highwoods Properties by 55.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,260 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,167 shares in the last quarter. Finally, Catalytic Wealth RIA LLC acquired a new stake in Highwoods Properties during the 3rd quarter worth $211,000. 96.31% of the stock is currently owned by institutional investors and hedge funds.

Highwoods Properties Stock Up 0.0 %

NYSE:HIW opened at $32.45 on Friday. The stock has a 50-day simple moving average of $33.43 and a 200 day simple moving average of $30.25. Highwoods Properties, Inc. has a 52-week low of $17.58 and a 52-week high of $36.78. The company has a market cap of $3.44 billion, a PE ratio of 24.22 and a beta of 1.26. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.31 and a current ratio of 1.31.

Highwoods Properties (NYSE:HIW) last issued its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.74). The business had revenue of $204.30 million for the quarter, compared to the consensus estimate of $204.96 million. Highwoods Properties had a return on equity of 6.05% and a net margin of 17.40%. Highwoods Properties’s revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 earnings per share. On average, sell-side analysts expect that Highwoods Properties, Inc. will post 3.62 EPS for the current fiscal year.

Highwoods Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.16%. Highwoods Properties’s dividend payout ratio is 149.25%.

Analyst Ratings Changes

HIW has been the subject of several recent analyst reports. Wells Fargo & Company increased their price target on Highwoods Properties from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lowered Highwoods Properties from a “buy” rating to a “hold” rating and boosted their price objective for the company from $31.00 to $35.00 in a research report on Tuesday, October 1st. Finally, Robert W. Baird raised their target price on shares of Highwoods Properties from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Highwoods Properties currently has an average rating of “Hold” and a consensus target price of $31.20.

Highwoods Properties Profile

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.