MFA Wealth Advisors LLC purchased a new position in Highwoods Properties, Inc. (NYSE: HIW – Get Rating) in the fourth quarter, according to a recent disclosure to the Securities and Exchange Commission. The Fund purchased 15,579 shares of Real Estate Investment Trust stock valued at approximately $436,000.
Other big investors have also recently changed positions in the company. Ellevest Inc. expanded his position in Highwoods Properties stock by 98.2% in the fourth quarter. Ellevest Inc. now owns 1,094 real estate investment trust shares, worth $31,000, after purchasing an additional 542 of his shares last quarter. CENTRAL TRUST Co expanded its position in Highwoods Properties shares by 76.6% in the third quarter. CENTRAL TRUST Co now owns 1,095 real estate investment trust shares after purchasing an additional 475 shares last quarter. Signaturefd LLC increased its position in Highwoods Properties stock by 4,350.0% in the third quarter. Signaturefd LLC now owns 2,136 real estate investment trust shares valued at $58,000 after purchasing an additional 2,088 shares in the previous quarter. Quantbot Technologies LP expanded its position in Highwoods Properties stock by 165.3% in the second quarter. Quantbot Technologies LP owns 2,181 shares of the real estate investment trust worth $74,000 after purchasing an additional 1,359 shares during the last quarter. Finally, First Manhattan Co. purchased new shares in Highwoods Properties worth approximately $100,000 in the first quarter. Currently 94.57% of the shares are owned by institutional investors.
Insider trading at Highwoods Properties
In other Highwoods Properties news, CEO Theodore J. Klinck purchased 5,000 shares of the company in a transaction on Thursday, March 23rd. Shares were purchased at an average of $19.81 per share, with a total trading value of $99,050.00 for him. Following the closing of the acquisition, the CEO now directly owns 337,177 shares of the Company’s stock valued at $6,679,476.37. The acquisition was disclosed in legal filings with the SEC that can be accessed via this hyperlink. A company insider owns his 1.60% of the company’s shares.
Highwoods Properties shares fell 1.2 percent
Highwoods Properties shares fell $0.27 to $22.57 in intraday trading on Monday. The company’s average trading volume was 1,059,835 shares for him, while the company’s trading volume was 185,632 shares. Highwoods Properties, Inc. has a 12-month low of $19.45 and a 12-month high of $44.07. The stock has a 50-day moving average price of $24.43 and a 200-day moving average price of $26.97. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt to equity ratio of 1.29. The company has a market capitalization of $2.38 billion, a PE ratio of 15.54 and a beta of 1.13.
Highwoods Properties Announces Dividend
The company recently announced a quarterly dividend payable on Tuesday, June 13th. Shareholders of record on Monday, May 22 will be paid a dividend of $0.50. This represents his $2.00 dividend and his 8.86% dividend yield on an annualized basis. The ex-dividend date for this dividend is Friday, May 19. Highwoods Properties currently has a payout ratio of 136.05%.
Wall Street analyst opinion
Several research firms have recently joined HIW. StockNews.com began covering Highwoods Properties in an investigative report on Thursday, March 16th. They put a “Hold” rating on the stock. Wells Fargo & Company lowered its price target on Highwoods Properties from $34.00 to $26.00 and gave the stock an “overweight” rating in a research report on Thursday, March 16. Morgan Stanley lowered Highwoods Properties’ price target from her $26.00 to his $23.00 and gave the stock an “equal-weighted” rating in a research report on Friday, March 31. Credit Suisse Group lowered Highwoods Properties’ price target from $29.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 24. Finally, Trust Financial lowered Highwoods Properties’ price target from $37.00 to $35.00 and gave the stock a ‘buy’ rating in its research report on Monday, February 27th. Six investment analysts rated the stock with a hold rating and two assigned a buy rating to the company. According to MarketBeat.com, Highwoods Properties’ current consensus rating is “hold” with an average price target of $29.71.
Highwoods Properties Company Profile
Highwoods Properties, Inc operates as a real estate investment trust engaged in the operation, acquisition and development of rental office properties. It operates in the Atlanta, Charlotte, Nashville, Orlando, Raleigh, Richmond and Tampa geographic segments. The company is Ronald P.
This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to email@example.com.
Listen to this before considering Highwoods Properties.
MarketBeat tracks Wall Street’s most acclaimed and top performing research analysts and the stocks they recommend to clients every day. MarketBeat has identified five stocks top analysts are quietly whispering to clients to buy now before the broader market catches on…and Highwoods Properties wasn’t on the list .
Highwoods Properties is currently rated ‘Hold’ among analysts, but top-rated analysts believe these five stocks are better buys.
See 5 stocks here