Duff & Phelps Investment Management Co. boosted its position in shares of Highwoods Properties Inc. (NYSE:HIW) by 17.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,260,205 shares of the real estate investment trust’s stock after buying an additional 187,583 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Highwoods Properties were worth $65,682,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in HIW. Security Capital Research & Management Inc. purchased a new stake in shares of Highwoods Properties during the second quarter worth about $110,000. Public Employees Retirement Association of Colorado purchased a new stake in shares of Highwoods Properties during the second quarter worth about $162,000. Cadence Capital Management LLC purchased a new stake in shares of Highwoods Properties during the second quarter worth about $234,000. World Asset Management Inc boosted its stake in shares of Highwoods Properties by 0.6% in the second quarter. World Asset Management Inc now owns 4,730 shares of the real estate investment trust’s stock worth $250,000 after buying an additional 29 shares in the last quarter. Finally, Oakbrook Investments LLC purchased a new stake in shares of Highwoods Properties during the second quarter worth about $264,000.

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

Highwoods Properties Inc. (NYSE:HIW) opened at 48.16 on Wednesday. Highwoods Properties Inc. has a one year low of $38.08 and a one year high of $56.23. The stock’s 50 day moving average price is $48.58 and its 200 day moving average price is $50.80. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 9.28 and a beta of 0.92.

Highwoods Properties (NYSE:HIW) last announced its earnings results on Tuesday, October 25th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. The business had revenue of $166.30 million for the quarter, compared to analysts’ expectations of $169.05 million. Highwoods Properties had a return on equity of 4.97% and a net margin of 78.81%. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period last year, the firm posted $0.77 earnings per share. Equities analysts predict that Highwoods Properties Inc. will post $3.27 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Monday, November 14th will be given a $0.425 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $1.70 annualized dividend and a yield of 3.49%. Highwoods Properties’s payout ratio is 31.84%.

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Several equities research analysts have recently weighed in on HIW shares. Wood & Company reiterated a “buy” rating and set a $62.00 price target on shares of Highwoods Properties in a research report on Thursday, August 4th. Zacks Investment Research cut Highwoods Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, October 25th. BTIG Research started coverage on Highwoods Properties in a research report on Thursday, August 25th. They set a “neutral” rating on the stock. Oppenheimer Holdings Inc. upped their price target on Highwoods Properties from $55.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, August 3rd. Finally, Stifel Nicolaus upgraded Highwoods Properties from a “hold” rating to a “buy” rating and upped their price target for the company from $53.50 to $55.00 in a research report on Thursday, October 27th. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $54.11.

In other Highwoods Properties news, SVP Jeffrey Douglas Miller sold 4,214 shares of the firm’s stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $52.52, for a total value of $221,319.28. Following the transaction, the senior vice president now directly owns 70,329 shares of the company’s stock, valued at $3,693,679.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is owned by company insiders.

Highwoods Properties Company Profile

Highwoods Properties, Inc is a real estate investment trust. The Company provides leasing, management, development, construction and other customer-related services for its properties and for third-parties. The Company is engaged in the business of operation, acquisition and development of real estate properties.

5 Day Chart for NYSE:HIW

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