Asset Management One Co. Ltd. Cuts Position in Highwoods Properties Inc (NYSE:HIW)

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Asset Management One Co. Ltd. cut its stake in shares of Highwoods Properties Inc (NYSE:HIW) by 1.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 199,567 shares of the real estate investment trust’s stock after selling 1,943 shares during the period. Asset Management One Co. Ltd. owned 0.19% of Highwoods Properties worth $8,242,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Rockefeller Capital Management L.P. lifted its position in shares of Highwoods Properties by 104.5% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 822 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 420 shares in the last quarter. Pearl River Capital LLC lifted its holdings in shares of Highwoods Properties by 236.9% during the 2nd quarter. Pearl River Capital LLC now owns 1,469 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 1,033 shares during the period. Fort Sheridan Advisors LLC bought a new position in Highwoods Properties during the 1st quarter valued at about $234,000. Campbell & CO Investment Adviser LLC bought a new position in Highwoods Properties during the 1st quarter valued at about $250,000. Finally, M&T Bank Corp raised its stake in shares of Highwoods Properties by 36.4% in the second quarter. M&T Bank Corp now owns 6,283 shares of the real estate investment trust’s stock worth $261,000 after acquiring an additional 1,676 shares during the last quarter. 93.59% of the stock is owned by hedge funds and other institutional investors.

HIW has been the subject of several analyst reports. Robert W. Baird set a $49.00 price target on shares of Highwoods Properties and gave the stock a “hold” rating in a research report on Wednesday, August 21st. ValuEngine upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, SunTrust Banks increased their price objective on shares of Highwoods Properties from $50.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Highwoods Properties presently has a consensus rating of “Buy” and a consensus price target of $50.00.

Highwoods Properties stock traded up $0.34 during mid-day trading on Friday, hitting $43.56. 780,304 shares of the stock were exchanged, compared to its average volume of 622,384. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 3.36 and a beta of 0.80. Highwoods Properties Inc has a 12 month low of $37.09 and a 12 month high of $47.32. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.99. The firm’s fifty day simple moving average is $44.01 and its two-hundred day simple moving average is $44.24.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.38 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.47). The company had revenue of $184.10 million for the quarter, compared to analyst estimates of $180.20 million. Highwoods Properties had a return on equity of 6.13% and a net margin of 18.79%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business earned $0.87 EPS. As a group, analysts forecast that Highwoods Properties Inc will post 3.33 earnings per share for the current fiscal year.

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

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