The Principal Financial Group Inc. has decreased its stake in in Highwoods Properties, Inc. (NYSE:HIW) by 7.8% during the fourth quarter, according to the company’s 13F filing with the Securities and Exchange Commission (SEC). After selling 35,006 shares during the period, the firm had 412,376 shares of the real estate investment trust’s stock remaining. The stake was said to be worth $11,538,000 as of its most recent SEC filing. As a result of this move, it appears that the Principal Financial Group is positioning itself for new opportunities in more lucrative investments.
Whilst this decrease in shares may come as a surprise to some, there are a number of factors to consider before making any rash assumptions about such activity. The business recently announced its quarterly dividend payout ratio is presently at an unusually high 132.45% and will be paid on Tuesday, June 13th; shareholders of record on Monday May 22nd will receive a $0.50 dividend per share as well as an annualized dividend yield of approximately 9.87%. Whilst not particularly groundbreaking information for seasoned investors or industry-insiders who have followed Highwoods Properties’ progress over time — quite notably including several brokerages who have expressed their opinions on HIW — we see both comments from these experts and movements from industry players like Principal Financial Group inciting fascinating implications.
As such closely observed stocks maintain their frustrating stances unchanged there still remains a sense among traders that HIW may yet prove attractive, depending upon particular unfolding macroeconomic trends – outside influences which are sure to affect markets across an array of sectors moving forward into Q3 and beyond this year.
Of course there are no guarantees when it comes to profiling intricate shifts in today’s bewildering financial landscape; even so many believe that professional trading investigations surrounding Highwoods Properties point towards potentially profitable indications imbedded in the current panorama. No doubt, individual circumstances will vary; yet all interested parties with knowledge of such stocks must wisely consider an assortment of key variables before choosing to buy or sell these particular assets in order to maximize growth opportunities as and when they arise.
Major Investors Boost Stake in Highwoods Properties, N.C.
Highwoods Properties, a real estate investment trust in North Carolina, has caught the attention of several hedge funds and institutional investors in recent times. Raymond James & Associates increased their stake in Highwoods Properties by 14.1% during the first quarter, with a total of 28,170 shares worth $1,289,000. Joining them is MetLife Investment Management with 67,793 shares now valued at $3,101,000 after purchasing an additional 17,208 shares last quarter.
Alongside these giant investors are several major players such as Great West Life Assurance Co. Can and Commonwealth of Pennsylvania Public School Empls Retrmt SYS who grew their position by a total of 11.1% and acquired an additional 5.8%, respectively.
The company’s value looks set to increase following the acquisition of CEO Theodore J. Klinck’s new stake after buying up 5,000 new shares for $99,050 in March. After this latest purchase deal was closed on March 23rd at the average cost of $19.81 per share price; creating ripples across all sectors.
HIW stock opened at $20.26 on Friday; this represents both excellent news for Highwoods Properties’ management team as well as its many financial backers – and potentially presents some intriguing opportunities down the line for prospective regulatory shifts or policy changes which could positively impact its performance over time.
Despite ongoing market fluctuations affecting real estate trusts like HIW over the past few years; hopes still exist that actionable intelligence regarding precisely those industry influences could offer insights into future market predictions which might benefit potential shareholders looking to get involved with Highwoods Properties on a long-term basis.
Regardless of specific outcomes from these various stakeholders moving forward though; there can be no doubt that tremendous potential exists for companies like HIW whose ongoing success is driven largely by strong relationships between management teams and powerful investors working together to help drive the trust’s interests forward.
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