As Highwoods Properties INC (HIW) Valuation Declined, Holder Putnam Fl Investment Management Co Has Lowered Holding by $3.49 Million

June 20, 2017 - By Hazel Jackson

Investors sentiment increased to 1.51 in 2016 Q4. Its up 0.37, from 1.14 in 2016Q3. It improved, as 18 investors sold HIW shares while 74 reduced holdings. 41 funds opened positions while 98 raised stakes. 98.74 million shares or 0.86% less from 99.59 million shares in 2016Q3 were reported. Hsbc Pcl has invested 0% of its portfolio in Highwoods Properties Inc (NYSE:HIW). Gradient Invs Limited Liability owns 498 shares. Renaissance Tech Ltd Liability has 0.01% invested in Highwoods Properties Inc (NYSE:HIW) for 129,600 shares. Point72 Asia (Hong Kong) Ltd reported 300 shares stake. The New York-based Tower Research Ltd Llc (Trc) has invested 0.01% in Highwoods Properties Inc (NYSE:HIW). Northern invested 0.02% in Highwoods Properties Inc (NYSE:HIW). Blackrock Japan Ltd has invested 0% in Highwoods Properties Inc (NYSE:HIW). Rafferty Asset Mngmt Lc holds 4,817 shares. Kempen Cap Management Nv holds 35,227 shares. Kbc Gru Nv stated it has 155,069 shares or 0.08% of all its holdings. Moreover, Texas Permanent School Fund has 0.05% invested in Highwoods Properties Inc (NYSE:HIW) for 73,091 shares. Ibm Retirement Fund accumulated 7,616 shares. First Manhattan Company, New York-based fund reported 25,200 shares. Globeflex Capital Lp has 0.32% invested in Highwoods Properties Inc (NYSE:HIW) for 25,292 shares. Bancshares Of Ny Mellon Corp, a New York-based fund reported 3.12M shares.

Since March 1, 2017, it had 0 insider buys, and 4 selling transactions for $2.93 million activity. On Wednesday, March 1 the insider Mulhern Mark F sold $1.35M. 18,409 shares valued at $962,004 were sold by Miller Jeffrey Douglas on Wednesday, March 1. Shares for $94,104 were sold by Klinck Theodore J.

Putnam Fl Investment Management Co decreased its stake in Highwoods Properties Inc. (HIW) by 21.94% based on its latest 2016Q4 regulatory filing with the SEC. Putnam Fl Investment Management Co sold 68,367 shares as the company’s stock declined 1.10% while stock markets rallied. The institutional investor held 243,252 shares of the consumer services company at the end of 2016Q4, valued at $12.41M, down from 311,619 at the end of the previous reported quarter. Putnam Fl Investment Management Co who had been investing in Highwoods Properties Inc. for a number of months, seems to be less bullish one the $5.31B market cap company. The stock declined 0.27% or $0.14 reaching $52.06 per share. About 7,301 shares traded. Highwoods Properties Inc (NYSE:HIW) has risen 13.20% since June 20, 2016 and is uptrending. It has underperformed by 3.50% the S&P500.

Putnam Fl Investment Management Co, which manages about $1.28B and $870.40 million US Long portfolio, upped its stake in J.M. Smucker Co. (NYSE:SJM) by 32,299 shares to 74,734 shares, valued at $9.57M in 2016Q4, according to the filing. It also increased its holding in Procter & Gamble Co. (NYSE:PG) by 54,999 shares in the quarter, for a total of 74,813 shares, and has risen its stake in Johnson Controls International.

Analysts await Highwoods Properties Inc (NYSE:HIW) to report earnings on August, 1. They expect $0.84 earnings per share, up 2.44 % or $0.02 from last year’s $0.82 per share. HIW’s profit will be $85.68 million for 15.49 P/E if the $0.84 EPS becomes a reality. After $0.80 actual earnings per share reported by Highwoods Properties Inc for the previous quarter, Wall Street now forecasts 5.00 % EPS growth.

More notable recent Highwoods Properties Inc (NYSE:HIW) news were published by: Seekingalpha.com which released: “Highwoods Properties’ (HIW) CEO Ed Fritsch on Q1 2017 Results – Earnings Call …” on April 26, 2017, also Post-Gazette.com with their article: “Highwoods Properties plans a smaller building in hopes of attracting a tenant” published on December 13, 2016, Globenewswire.com published: “Highwoods to Develop Third Building for MetLife’s Global Technology Campus in …” on May 22, 2017. More interesting news about Highwoods Properties Inc (NYSE:HIW) were released by: Seekingalpha.com and their article: “Highwoods Properties’ (HIW) CEO Ed Fritsch on Q4 2016 Results – Earnings Call …” published on February 08, 2017 as well as Globenewswire.com‘s news article titled: “Highwoods to Release 2017 First Quarter Results Tuesday, April 25th” with publication date: April 06, 2017.

Highwoods Properties Inc (NYSE:HIW) Ratings Coverage

Among 9 analysts covering Highwoods Properties (NYSE:HIW), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Highwoods Properties had 13 analyst reports since August 6, 2015 according to SRatingsIntel. Stifel Nicolaus upgraded Highwoods Properties Inc (NYSE:HIW) rating on Thursday, October 27. Stifel Nicolaus has “Buy” rating and $55 target. The stock has “Buy” rating by SunTrust on Wednesday, September 9. The firm has “Hold” rating given on Tuesday, May 30 by Jefferies. Jefferies upgraded Highwoods Properties Inc (NYSE:HIW) on Monday, October 26 to “Buy” rating. On Thursday, August 20 the stock rating was upgraded by Capital One to “Equal Weight”. BB&T Capital initiated the stock with “Hold” rating in Friday, November 13 report. Morgan Stanley downgraded it to “Equal-Weight” rating and $50 target in Thursday, May 12 report. Robert W. Baird downgraded Highwoods Properties Inc (NYSE:HIW) on Thursday, January 7 to “Neutral” rating. The rating was upgraded by Suntrust Robinson on Wednesday, September 9 to “Buy”. The stock of Highwoods Properties Inc (NYSE:HIW) has “Neutral” rating given on Thursday, August 25 by BTIG Research.

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