Putnam Fl Investment Management Co buys $19,441,518 stake in Highwoods Properties Inc (HIW)

Highwoods Properties Inc (HIW) : Putnam Fl Investment Management Co scooped up 1,484 additional shares in Highwoods Properties Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 351,819 shares of Highwoods Properties Inc which is valued at $19,441,518.Highwoods Properties Inc makes up approximately 2.23% of Putnam Fl Investment Management Co’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System boosted its stake in HIW in the latest quarter, The investment management firm added 8,629 additional shares and now holds a total of 208,472 shares of Highwoods Properties Inc which is valued at $11,520,163. Highwoods Properties Inc makes up approx 0.02% of California State Teachers Retirement System’s portfolio. Ibm Retirement Fund added HIW to its portfolio by purchasing 9,675 company shares during the most recent quarter which is valued at $524,869. Highwoods Properties Inc makes up approx 0.02% of Ibm Retirement Fund’s portfolio.Capstone Asset Management Co boosted its stake in HIW in the latest quarter, The investment management firm added 940 additional shares and now holds a total of 6,748 shares of Highwoods Properties Inc which is valued at $362,300. Highwoods Properties Inc makes up approx 0.01% of Capstone Asset Management Co’s portfolio.

Highwoods Properties Inc closed down -0.34 points or -0.62% at $54.92 with 5,71,541 shares getting traded on Thursday. Post opening the session at $55.47, the shares hit an intraday low of $54.84 and an intraday high of $55.51 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Highwoods Properties Inc reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.80. The company had revenue of $166.86 million for the quarter, compared to analysts expectations of $164.22 million. The company’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.

Investors should note that on Jul 27, 2016, Highwoods Properties Inc announced a cash dividend of $0.4250. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Sep 7, 2016.

Many Wall Street Analysts have commented on Highwoods Properties Inc. Highwoods Properties Inc was Downgraded by Morgan Stanley to ” Equal-Weight” on May 12, 2016.

Highwoods Properties Inc. is a real estate investment trust. The Company is engaged in the business of operation acquisition and development of real estate properties. It provides leasing management development construction and other customer-related services for its properties and for third parties. The Company operates office industrial retail and residential properties. The Company conducts its activities through Highwoods Realty Limited Partnership. The Company’s portfolio consists of office properties in Raleigh Atlanta Tampa Nashville Memphis Pittsburgh Richmond and Orlando; office and industrial properties in Greensboro and retail and office properties in Kansas City. The Company holds an interest of approximately 31.2 million rentable square feet of in-service properties 1.7 million rentable square feet of properties under development and approximately 500 acres of development land.

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