Inspire Investing LLC Has $404,000 Holdings in Highwoods Properties, Inc. (NYSE:HIW)

Inspire Investing LLC boosted its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW) by 6.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,202 shares of the real estate investment trust’s stock after buying an additional 855 shares during the quarter. Inspire Investing LLC’s holdings in Highwoods Properties were worth $404,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HIW. Quarry LP acquired a new position in shares of Highwoods Properties during the 3rd quarter valued at about $48,000. Versant Capital Management Inc grew its holdings in Highwoods Properties by 12.0% during the fourth quarter. Versant Capital Management Inc now owns 3,052 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 327 shares during the last quarter. Blue Trust Inc. raised its position in shares of Highwoods Properties by 269.8% in the third quarter. Blue Trust Inc. now owns 3,221 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 2,350 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of Highwoods Properties by 55.8% in the third quarter. Venturi Wealth Management LLC now owns 3,260 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 1,167 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Highwoods Properties by 35.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,114 shares of the real estate investment trust’s stock worth $135,000 after buying an additional 1,069 shares during the period. 96.31% of the stock is currently owned by institutional investors.

Highwoods Properties Price Performance

Shares of HIW stock opened at $29.46 on Friday. Highwoods Properties, Inc. has a 12 month low of $21.46 and a 12 month high of $36.78. The company has a market capitalization of $3.12 billion, a P/E ratio of 21.98 and a beta of 1.24. The stock has a 50 day moving average of $30.66 and a two-hundred day moving average of $31.57. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.41.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HIW. Jefferies Financial Group dropped their target price on shares of Highwoods Properties from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. Robert W. Baird boosted their price objective on Highwoods Properties from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered Highwoods Properties from a “buy” rating to a “hold” rating and raised their target price for the company from $31.00 to $35.00 in a report on Tuesday, October 1st. Mizuho upped their price target on Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Finally, Wells Fargo & Company increased their price objective on Highwoods Properties from $32.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $30.86.

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.