Pathstone Family Office LLC Has $716,000 Position in Highwoods Properties, Inc. (NYSE:HIW)

Posted by Defense World Staff on Mar 14th, 2023

Pathstone Family Office LLC raised its stake in Highwoods Properties, Inc. (NYSE:HIW – Get Rating) by 135.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,561 shares of the real estate investment trust’s stock after buying an additional 15,263 shares during the period. Pathstone Family Office LLC’s holdings in Highwoods Properties were worth $716,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Cohen & Steers Inc. grew its position in shares of Highwoods Properties by 9.4% in the 3rd quarter. Cohen & Steers Inc. now owns 17,239,625 shares of the real estate investment trust’s stock valued at $464,708,000 after buying an additional 1,475,867 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Highwoods Properties by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 15,829,467 shares of the real estate investment trust’s stock valued at $724,040,000 after buying an additional 699,104 shares during the last quarter. State Street Corp grew its position in shares of Highwoods Properties by 0.9% in the 2nd quarter. State Street Corp now owns 6,399,371 shares of the real estate investment trust’s stock valued at $218,794,000 after buying an additional 55,672 shares during the last quarter. FMR LLC grew its position in shares of Highwoods Properties by 3.4% in the 2nd quarter. FMR LLC now owns 5,312,711 shares of the real estate investment trust’s stock valued at $181,641,000 after buying an additional 175,377 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of Highwoods Properties by 3.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 2,251,325 shares of the real estate investment trust’s stock valued at $60,695,000 after buying an additional 68,008 shares during the last quarter. Institutional investors own 94.57% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on HIW. Credit Suisse Group lowered their price objective on Highwoods Properties from $29.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday, January 24th. Morgan Stanley lowered Highwoods Properties from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $29.00 to $26.00 in a report on Thursday, March 9th. Truist Financial dropped their price objective on Highwoods Properties from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Monday, February 27th. Finally, Wells Fargo & Company raised their price target on Highwoods Properties from $30.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, November 22nd. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $31.29.

Highwoods Properties Stock Down 1.7 %

HIW opened at $23.22 on Tuesday. The company has a market cap of $2.44 billion, a P/E ratio of 15.80 and a beta of 1.14. The business’s 50-day moving average price is $28.59 and its 200-day moving average price is $28.47. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.29. Highwoods Properties, Inc. has a 12 month low of $22.64 and a 12 month high of $47.01.

Highwoods Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 14th. Stockholders of record on Tuesday, February 21st will be issued a $0.50 dividend. The ex-dividend date is Friday, February 17th. This represents a $2.00 annualized dividend and a dividend yield of 8.61%. Highwoods Properties’s dividend payout ratio is currently 136.05%.

About Highwoods Properties

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Highwoods Properties, Inc operates as a real estate investment trust, which engages in the operation, acquisition and development of rental office properties. It operates through the following geographical segments: Atlanta, Charlotte, Nashville, Orlando, Raleigh, Richmond, and Tampa. The company was founded by Ronald P.