TCV Trust & Wealth Management Inc. Has $377,000 Stake in Highwoods Properties, Inc. (NYSE:HIW)

TCV Trust & Wealth Management Inc. grew its stake in shares of Highwoods Properties, Inc. (NYSE:HIW) by 13.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 12,325 shares of the real estate investment trust’s stock after buying an additional 1,500 shares during the period. TCV Trust & Wealth Management Inc.’s holdings in Highwoods Properties were worth $377,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its holdings in Highwoods Properties by 2.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,537 shares of the real estate investment trust’s stock valued at $566,000 after acquiring an additional 511 shares in the last quarter. CWM LLC increased its position in shares of Highwoods Properties by 7.8% during the third quarter. CWM LLC now owns 8,641 shares of the real estate investment trust’s stock valued at $290,000 after purchasing an additional 624 shares during the period. Exchange Traded Concepts LLC bought a new position in Highwoods Properties in the third quarter worth $2,621,000. Oliver Luxxe Assets LLC acquired a new stake in Highwoods Properties during the third quarter worth $1,634,000. Finally, Creative Planning boosted its stake in Highwoods Properties by 13.6% during the third quarter. Creative Planning now owns 49,684 shares of the real estate investment trust’s stock worth $1,665,000 after buying an additional 5,932 shares in the last quarter. Institutional investors own 96.31% of the company’s stock.

Highwoods Properties Stock Performance

NYSE HIW opened at $29.05 on Wednesday. Highwoods Properties, Inc. has a 1-year low of $22.60 and a 1-year high of $36.78. The company has a 50 day moving average of $30.02 and a 200-day moving average of $31.66. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.41. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 21.68 and a beta of 1.24.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 EPS for the quarter, hitting analysts’ consensus estimates of $0.85. Highwoods Properties had a return on equity of 6.05% and a net margin of 17.40%. On average, equities analysts forecast that Highwoods Properties, Inc. will post 3.61 earnings per share for the current fiscal year.

Highwoods Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.89%. Highwoods Properties’s dividend payout ratio is 149.25%.

Analyst Ratings Changes

HIW has been the subject of a number of analyst reports. Robert W. Baird raised their price objective on shares of Highwoods Properties from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Jefferies Financial Group dropped their price target on shares of Highwoods Properties from $35.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, January 2nd. Wells Fargo & Company lifted their price objective on Highwoods Properties from $32.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Finally, Mizuho increased their target price on Highwoods Properties from $24.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $30.86.

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.