DGS Capital Management LLC Purchases New Stake in Highwoods Properties, Inc. (NYSE:HIW)

DGS Capital Management LLC acquired a new position in shares of Highwoods Properties, Inc. (NYSE:HIW) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,204 shares of the real estate investment trust’s stock, valued at approximately $208,000.

Other institutional investors have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. grew its holdings in shares of Highwoods Properties by 184.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 27,048 shares of the real estate investment trust’s stock valued at $906,000 after acquiring an additional 17,548 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in Highwoods Properties during the third quarter valued at $2,085,000. Victory Capital Management Inc. grew its stake in Highwoods Properties by 7.4% in the second quarter. Victory Capital Management Inc. now owns 848,653 shares of the real estate investment trust’s stock valued at $22,294,000 after purchasing an additional 58,634 shares in the last quarter. Point72 Asset Management L.P. grew its stake in Highwoods Properties by 436.3% in the third quarter. Point72 Asset Management L.P. now owns 215,724 shares of the real estate investment trust’s stock valued at $7,229,000 after purchasing an additional 175,499 shares in the last quarter. Finally, Harvest Portfolios Group Inc. increased its position in Highwoods Properties by 141.2% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 36,647 shares of the real estate investment trust’s stock worth $1,228,000 after purchasing an additional 21,455 shares during the last quarter. 96.31% of the stock is currently owned by institutional investors and hedge funds.

Highwoods Properties Stock Performance

Shares of NYSE HIW opened at $31.07 on Friday. The business’s 50-day simple moving average is $33.01 and its 200-day simple moving average is $30.68. Highwoods Properties, Inc. has a 52 week low of $21.37 and a 52 week high of $36.78. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 23.19 and a beta of 1.24.

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

Highwoods Properties Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HIW shares. Robert W. Baird lifted their price target on Highwoods Properties from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Wells Fargo & Company lifted their target price on shares of Highwoods Properties from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Highwoods Properties from a “buy” rating to a “hold” rating and increased their price target for the stock from $31.00 to $35.00 in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Highwoods Properties presently has an average rating of “Hold” and a consensus target price of $31.20.

Highwoods Properties Company 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.