Highwoods Properties, Inc. (NYSE:HIW) Stock Holdings Increased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its position in shares of Highwoods Properties, Inc. (NYSE:HIW) by 0.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 135,299 shares of the real estate investment trust’s stock after buying an additional 970 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.13% of Highwoods Properties worth $4,534,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. State Street Corp boosted its holdings in Highwoods Properties by 1.7% in the third quarter. State Street Corp now owns 7,289,806 shares of the real estate investment trust’s stock worth $244,281,000 after purchasing an additional 124,646 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Highwoods Properties by 131.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,708,996 shares of the real estate investment trust’s stock valued at $90,778,000 after buying an additional 1,536,067 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Highwoods Properties by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,061,572 shares of the real estate investment trust’s stock valued at $69,083,000 after buying an additional 34,885 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Highwoods Properties by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,531,611 shares of the real estate investment trust’s stock valued at $40,233,000 after buying an additional 36,285 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Highwoods Properties by 4.8% during the second quarter. Bank of New York Mellon Corp now owns 1,227,656 shares of the real estate investment trust’s stock worth $32,251,000 after acquiring an additional 56,399 shares during the period. Institutional investors and hedge funds own 96.31% of the company’s stock.

Highwoods Properties Stock Up 0.9 %

HIW opened at $31.07 on Friday. The stock’s 50 day moving average price is $33.01 and its 200 day moving average price is $30.65. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market cap of $3.29 billion, a P/E ratio of 23.19 and a beta of 1.24. Highwoods Properties, Inc. has a 12 month low of $21.37 and a 12 month high of $36.78.

Highwoods Properties (NYSE:HIW) last issued its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.74). The business had revenue of $204.30 million for the quarter, compared to analyst estimates of $204.96 million. Highwoods Properties had a net margin of 17.40% and a return on equity of 6.05%. Highwoods Properties’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period last year, the business posted $0.93 earnings per share. As a group, research analysts predict that Highwoods Properties, Inc. will post 3.62 earnings per share for the current year.

Highwoods Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.44%. The ex-dividend date of this dividend was Monday, November 18th. Highwoods Properties’s dividend payout ratio is currently 149.25%.

Wall Street Analysts Forecast Growth

HIW has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on Highwoods Properties from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Robert W. Baird upped their price objective on Highwoods Properties from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lowered Highwoods Properties from a “buy” rating to a “hold” rating and increased their target price for the stock from $31.00 to $35.00 in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Highwoods Properties has an average rating of “Hold” and an average price target 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.