Macquarie Group Ltd., a leading global financial services provider, has recently decreased its holdings in Highwoods Properties, Inc. (NYSE:HIW), according to the company’s 13F filing with the Securities & Exchange Commission. The decrease amounts to 3.0% of the shares owned by Macquarie Group Ltd., equating to approximately 6,223 shares sold during the first quarter of this year.
Highwoods Properties, Inc., a publicly-traded real estate investment trust (REIT) listed on the New York Stock Exchange under the ticker symbol HIW, is headquartered in Raleigh and is a member of the S&P MidCap 400 Index. As a fully-integrated office REIT, Highwoods Properties specializes in owning, developing, acquiring, leasing, and managing properties primarily located in highly desirable business districts such as Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond, and Tampa.
At the end of the most recent quarter, Macquarie Group Ltd. owned approximately 202,622 shares of Highwoods Properties’ stock. This represented about 0.19% ownership of Highwoods Properties and had an estimated value of $4,699,000.
The decision to decrease their holdings by Macquarie Group Ltd. may indicate various factors at play within their investment strategy or portfolio management objectives. While it is difficult to discern the precise motivations behind this move without additional information from Macquarie Group Ltd., it could simply be part of a broader adjustment to their overall investment portfolio.
Investors who are interested in learning more about Highwoods Properties may find it valuable to review the latest research report available on the company. By examining detailed analysis and insights into Highwoods Properties’ operations and prospects for growth or stability in its market segments, investors can make informed decisions regarding their own investment strategies.
As always with investments in publicly-traded securities like Highwoods Properties’ stock (NYSE:HIW), it is crucial to conduct thorough due diligence and consult with financial professionals before making any investment decisions. It is also important to note that market conditions can change rapidly, potentially affecting the performance and valuation of any given security.
In conclusion, Macquarie Group Ltd.’s recent decrease in holdings of Highwoods Properties, Inc. (NYSE:HIW) underscores the dynamic nature of the investment world. This adjustment may have been driven by various factors within Macquarie Group Ltd.’s investment strategy or portfolio management objectives. Investors who are interested in Highwoods Properties may benefit from reviewing the latest research report on the company to gain a more comprehensive understanding of its operations and potential for growth or stability in its market segments.
Cadence Design Systems, Inc.
Updated on: 19/09/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
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Hedge Funds and Institutional Investors Show Interest in Highwoods Properties with Significant Stake Increases
Highwoods Properties, a publicly-traded real estate investment trust (REIT) headquartered in Raleigh, has recently seen some activity from hedge funds and institutional investors. Sound Income Strategies LLC increased its stake in Highwoods Properties by 254.9% during the first quarter of this year. They now own 1,118 shares of the company’s stock, valued at $26,000 after acquiring an additional 803 shares.
Another investor, Allworth Financial LP, also significantly boosted its position in the company during the same period. Their stake grew by 716.1%, with an additional 981 shares acquired, bringing their ownership to 1,118 shares worth $26,000.
Quarry LP entered into a new stake in Highwoods Properties during the first quarter as well, investing approximately $27,000. Similarly, Belpointe Asset Management LLC purchased a new stake worth around $28,000 during the fourth quarter last year.
Central Trust Co also made moves in regards to Highwoods Properties by increasing its position by 76.6% during the third quarter of last year. They acquired an additional 475 shares and now own a total of 1,095 shares valued at $30,000.
According to reports from Bloomberg and various analysts’ assessments on Highwoods Properties (NYSE:HIW), several have given their opinions on the company’s stock rating. StockNews.com provided coverage stating that they assigned a “hold” rating for Highwoods Properties. Wells Fargo & Company downgraded their rating from “overweight” to “equal weight” and lowered their price target from $27 to $22.
On the contrary, Citigroup increased their target price on Highwoods Properties from $22 to $25 and gave it a “neutral” rating. Morgan Stanley reaffirmed their “equal weight” rating and set a target price of $22 for HIW stocks. Finally, financial service provider- 888 has maintained its rating for Highwoods Properties in their report.
With a total of seven hold ratings and one buy rating, Bloomberg reports that the consensus rating for Highwoods Properties is “Hold” with a suggested average target price of $27.57.
As of September 18, 2023, Highwoods Properties’ stock opened at $22.87 per share. Over the past fifty days, its moving average price was recorded at $24.18 with a 200-day moving average price of $23.10.
During the same period last year, the company’s stock had seen a low of $19.45 and reached a high of $31.88. Currently having a market capitalization of $2.42 billion, Highwoods Properties maintains a price-to-earnings ratio of 15.88 and a beta value of 1.17.
The company recently announced the payment of its quarterly dividend on September 12th to stockholders who were registered as of August 21st. The dividend payment was set at $0.50 per share, representing an annualized dividend yield of 8.75%. Despite currently having a dividend payout ratio (DPR) that exceeds its earnings at 138.89%, Highwoods Properties continues to provide dividends to its shareholders.
Highwoods Properties focuses on owning, developing, acquiring, leasing, and managing office properties primarily located in Atlanta, Charlotte