UMB Bank N A MO reduced its stake in Highwoods Properties Inc (NYSE:HIW) by 6.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,939 shares of the real estate investment trust’s stock after selling 6,310 shares during the period. UMB Bank N A MO owned 0.09% of Highwoods Properties worth $4,664,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. BB&T Securities LLC bought a new stake in Highwoods Properties in the fourth quarter valued at $200,000. Wealthstreet Investment Advisors LLC acquired a new position in shares of Highwoods Properties during the second quarter valued at about $203,000. Xact Kapitalforvaltning AB acquired a new position in shares of Highwoods Properties during the fourth quarter valued at about $225,000. Advisor Group Inc. grew its holdings in shares of Highwoods Properties by 470.8% during the fourth quarter. Advisor Group Inc. now owns 4,452 shares of the real estate investment trust’s stock valued at $227,000 after buying an additional 3,672 shares during the last quarter. Finally, TLP Group LLC grew its holdings in shares of Highwoods Properties by 39.3% during the first quarter. TLP Group LLC now owns 5,151 shares of the real estate investment trust’s stock valued at $226,000 after buying an additional 1,453 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.
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A number of research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a report on Friday, June 22nd. Zacks Investment Research cut shares of Highwoods Properties from a “buy” rating to a “hold” rating in a report on Wednesday, June 20th. Wells Fargo & Co lifted their price objective on shares of Highwoods Properties from $49.00 to $54.00 and gave the company an “outperform” rating in a report on Tuesday, June 19th. Morgan Stanley reduced their price objective on shares of Highwoods Properties from $52.00 to $46.00 and set an “equal weight” rating for the company in a report on Thursday, June 14th. Finally, SunTrust Banks set a $51.00 price objective on shares of Highwoods Properties and gave the company a “buy” rating in a report on Monday. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $53.71.
Highwoods Properties stock opened at $49.67 on Thursday. Highwoods Properties Inc has a fifty-two week low of $41.34 and a fifty-two week high of $53.34. The stock has a market cap of $5.08 billion, a P/E ratio of 15.14, a PEG ratio of 4.90 and a beta of 0.76. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.15 and a current ratio of 1.15.
Highwoods Properties (NYSE:HIW) last released its quarterly earnings results on Tuesday, July 24th. The real estate investment trust reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.37). Highwoods Properties had a return on equity of 8.96% and a net margin of 27.68%. The firm had revenue of $178.79 million for the quarter, compared to analysts’ expectations of $178.37 million. During the same quarter last year, the firm posted $0.90 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. research analysts anticipate that Highwoods Properties Inc will post 3.44 earnings per share for the current year.
In related news, EVP Jeffrey Douglas Miller sold 3,676 shares of the business’s stock in a transaction dated Friday, June 29th. The shares were sold at an average price of $50.87, for a total transaction of $186,998.12. Following the transaction, the executive vice president now directly owns 83,438 shares in the company, valued at $4,244,491.06. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is currently owned by insiders.
Highwoods Properties Company Profile
Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (?REIT?) and a member of the S&P MidCap 400 Index. The Company is a fullyintegrated office REIT that 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.
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