Renaissance Technologies LLC Has $11.32 Million Position in Highwoods Properties, Inc. (HIW)

Xavier Trudeau
Août 13, 2017

The share price of the company (NYSE:HIW) was down -0.10%, with a high of 50.69 during the day and the volume of Highwoods Properties, Inc. shares traded was 375970. (NYSE:HIW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission.

11/13/2015 - Wood & Company began new coverage on Highwoods Properties, Inc. giving the company a "hold" rating.

More important recent Highwoods Properties Inc (NYSE:HIW) news were published by: Nasdaq.com which released: "Highwoods Properties (HIW) Q2 FFO & Revenues Beat Estimates" on July 26, 2017, also Nasdaq.com published article titled: "Ex-Dividend Reminder: Kemper, Highwoods Properties and National Instruments", Seekingalpha.com published: "Highwoods Properties' (HIW) CEO Edward Fritsch on Q2 2017 Results - Earnings ..." on July 26, 2017. ProShare Advisors LLC increased its position in Highwoods Properties by 52.9% in the first quarter. Independent Portfolio Consultants Inc. increased its stake in Highwoods Properties by 17.5% in the second quarter. Van Cleef Asset Management Inc now owns 39,573 shares of the real estate investment trust's stock valued at $1,944,000 after buying an additional 961 shares in the last quarter. Pensionfund Dsm Netherlands owns 0.23% invested in Highwoods Properties Inc (NYSE:HIW) for 30,802 shares. Retirement Systems of Alabama now owns 131,254 shares of the real estate investment trust's stock valued at $6,449,000 after buying an additional 1,843 shares in the last quarter. Its position was worth $34,979,000 an increase of 8,755.4% as of the end of the quarter. State Street Corp now owns 4,327,993 shares of the real estate investment trust's stock worth $212,634,000 after buying an additional 88,057 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Highwoods Properties during the first quarter worth $255,000. FMR LLC now owns 5,002,866 shares of the real estate investment trust's stock worth $245,790,000 after buying an additional 223,031 shares during the last quarter. The Ohio-based Meeder Asset has invested 0.09% in Highwoods Properties Inc (NYSE:HIW). 379,540 shares of the company's stock traded hands. The stock's 50-day moving average price is $50.93 and its 200-day moving average price is $50.83. The company has a market cap of $5.22 billion, a PE ratio of 40.30 and a beta of 0.88. As of the last earnings report the EPS was $1.25 and is expected to be $1.19 for the current year with 103,236,000 shares outstanding. Highwoods Properties had a net margin of 22.31% and a return on equity of 7.05%. During the same period in the previous year, the firm earned $0.32 earnings per share. Highwoods Properties's quarterly revenue was up 6.2% compared to the same quarter past year. Lewis now expects that the real estate investment trust will post earnings of $3.52 per share for the year, down from their previous estimate of $3.56.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. The ex-dividend date is Thursday, August 10th. This represents a $1.76 dividend on an annualized basis and a yield of 3.49%.

08/25/2016 - BTIG Research began new coverage on Highwoods Properties, Inc. giving the company a "neutral" rating.

03/17/2016 - Highwoods Properties, Inc. was downgraded to "neutral" by analysts at SunTrust. If you are reading this report on another publication, it was stolen and republished in violation of US & worldwide copyright and trademark legislation. The correct version of this piece of content can be viewed at https://www.thestockobserver.com/2017/08/13/highwoods-properties-inc-nysehiw-issues-fy17-earnings-guidance-updated-updated.html.

Several equities analysts have recently issued reports on the company. BidaskClub cut shares of Highwoods Properties from a hold rating to a sell rating in a report on Wednesday. GMP Securities maintained the shares of OR in report on Wednesday, October 14 with "Buy" rating.

Among 9 analysts covering Highwoods Properties (NYSE:HIW), 3 have Buy rating, 0 Sell and 6 Hold. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. On May 12 the company was downgraded from "Overweight" to "Equal-weight" with a current price target of $50.00 by Morgan Stanley.

In related news, COO Theodore J. Klinck sold 10,000 shares of the company's stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $52.51, for a total value of $525,100.00. Following the completion of the transaction, the chief operating officer now directly owns 63,194 shares of the company's stock, valued at approximately $3,318,316.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. (HIW)'s stock declined 1.10%.

Highwoods Properties, Inc is an office real estate investment trust (REIT).

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