287,805 Shares in Highwoods Properties, Inc. (NYSE:HIW) Purchased by CORDA Investment Management LLC.

CORDA Investment Management LLC. purchased a new position in Highwoods Properties, Inc. (NYSE:HIW) during the first quarter, Holdings Channel reports. The fund purchased 287,805 shares of the real estate investment trust’s stock, valued at approximately $12,358,000.

Several other large investors also recently modified their holdings of HIW. First Trust Advisors LP lifted its holdings in Highwoods Properties by 1.7% during the first quarter. First Trust Advisors LP now owns 64,564 shares of the real estate investment trust’s stock valued at $3,020,000 after purchasing an additional 1,105 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Highwoods Properties by 6.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 15,406 shares of the real estate investment trust’s stock valued at $611,000 after purchasing an additional 990 shares during the last quarter. California Public Employees Retirement System lifted its holdings in Highwoods Properties by 15.3% during the fourth quarter. California Public Employees Retirement System now owns 275,845 shares of the real estate investment trust’s stock valued at $10,932,000 after purchasing an additional 36,649 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in Highwoods Properties by 14.0% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 22,817 shares of the real estate investment trust’s stock valued at $904,000 after purchasing an additional 2,800 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its holdings in Highwoods Properties by 65.1% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 98,531 shares of the real estate investment trust’s stock valued at $3,905,000 after purchasing an additional 38,860 shares during the last quarter. 94.66% of the stock is currently owned by institutional investors.

Shares of Highwoods Properties stock traded down $0.23 on Friday, reaching $48.30. The stock had a trading volume of 4,156 shares, compared to its average volume of 843,244. Highwoods Properties, Inc. has a 1 year low of $29.18 and a 1 year high of $48.73. The stock has a market capitalization of $5.03 billion, a P/E ratio of 23.56, a P/E/G ratio of 3.89 and a beta of 1.16. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.06. The stock’s 50 day moving average price is $44.59.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings results on Tuesday, April 27th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.35). Highwoods Properties had a return on equity of 9.28% and a net margin of 29.56%. On average, research analysts forecast that Highwoods Properties, Inc. will post 3.62 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 8th. Investors of record on Monday, May 17th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.98%. The ex-dividend date was Friday, May 14th. Highwoods Properties’s dividend payout ratio (DPR) is 53.63%.

HIW has been the topic of several recent research reports. Mizuho downgraded shares of Highwoods Properties from a “buy” rating to a “neutral” rating and upped their price objective for the company from $43.00 to $45.00 in a report on Thursday, June 3rd. Morgan Stanley increased their price target on shares of Highwoods Properties from $46.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, April 16th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Highwoods Properties currently has a consensus rating of “Buy” and a consensus price target of $44.00.

In related news, Director David John Hartzell sold 1,262 shares of the company’s stock in a transaction that occurred on Thursday, May 20th. The shares were sold at an average price of $43.74, for a total value of $55,199.88. 1.50% of the stock is currently owned by corporate insiders.

Highwoods Properties Company Profile

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (ÂREITÂ) and a member of the S&P MidCap 400 Index. Highwoods is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.

Featured Story: Initial Coin Offering (ICO)

Want to see what other hedge funds are holding HIW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Highwoods Properties, Inc. (NYSE:HIW).

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

Receive News & Ratings for Highwoods Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Highwoods Properties and related companies with MarketBeat.com's FREE daily email newsletter.