Oregon Public Employees Retirement Fund Has $2 Million Stake in Highwoods Properties, Inc. (HIW)

Oregon Public Employees Retirement Fund raised its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW) by 4.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,410 shares of the real estate investment trust’s stock after acquiring an additional 1,726 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Highwoods Properties were worth $2,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Legal & General Group Plc lifted its stake in shares of Highwoods Properties by 6.9% during the 2nd quarter. Legal & General Group Plc now owns 338,537 shares of the real estate investment trust’s stock valued at $17,167,000 after buying an additional 21,833 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Highwoods Properties by 36.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,278,256 shares of the real estate investment trust’s stock valued at $166,240,000 after buying an additional 882,571 shares in the last quarter. Cbre Clarion Securities LLC lifted its stake in shares of Highwoods Properties by 19.0% during the 2nd quarter. Cbre Clarion Securities LLC now owns 143,700 shares of the real estate investment trust’s stock valued at $7,287,000 after buying an additional 22,900 shares in the last quarter. Virginia Retirement Systems ET AL purchased a new position in shares of Highwoods Properties during the 2nd quarter valued at $3,367,000. Finally, Swiss National Bank lifted its stake in shares of Highwoods Properties by 2.7% during the 2nd quarter. Swiss National Bank now owns 169,402 shares of the real estate investment trust’s stock valued at $8,590,000 after buying an additional 4,400 shares in the last quarter. Institutional investors and hedge funds own 97.18% of the company’s stock.

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Shares of Highwoods Properties, Inc. (NYSE:HIW) opened at $51.74 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.90. The stock has a market cap of $5,342.10, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 3.35 and a beta of 0.88. Highwoods Properties, Inc. has a fifty-two week low of $45.92 and a fifty-two week high of $53.34.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.54. The company had revenue of $180.19 million for the quarter, compared to the consensus estimate of $177.15 million. Highwoods Properties had a net margin of 22.02% and a return on equity of 7.09%. Highwoods Properties’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 EPS. equities research analysts predict that Highwoods Properties, Inc. will post 3.38 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Monday, November 13th. This represents a $1.76 dividend on an annualized basis and a yield of 3.40%. Highwoods Properties’s dividend payout ratio is currently 119.73%.

A number of research analysts recently weighed in on the stock. BidaskClub cut shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Edward Jones cut shares of Highwoods Properties from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. SunTrust Banks, Inc. set a $52.00 target price on shares of Highwoods Properties and gave the company a “hold” rating in a research note on Tuesday, October 24th. Bank of America Corporation lifted their target price on shares of Highwoods Properties from $57.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, October 3rd. Finally, Janney Montgomery Scott assumed coverage on shares of Highwoods Properties in a research note on Friday, September 8th. They set a “neutral” rating on the stock. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $54.80.

About Highwoods Properties

Highwoods Properties, Inc is an office real estate investment trust (REIT). The Company’s primary business is the operation, acquisition and development of office properties. The Company’s segments include Office and Other. The Company 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.

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

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