Martingale Asset Management L P Increased Highwoods Properties (NYSE:HIW) Stake by $12.33 Million

August 12, 2018 - By Billy Entrekin

Highwoods Properties, Inc. (NYSE:HIW) LogoInvestors sentiment decreased to 1.39 in 2018 Q1. Its down 0.03, from 1.42 in 2017Q4. It worsened, as 27 investors sold HIW shares while 73 reduced holdings. 37 funds opened positions while 102 raised stakes. 90.49 million shares or 6.50% less from 96.78 million shares in 2017Q4 were reported. 5,671 were reported by Paragon. Dimensional Fund Advisors Lp invested in 1.56M shares or 0.03% of the stock. Sg Americas Secs Limited Liability Corp reported 0.01% in Highwoods Properties, Inc. (NYSE:HIW). Pensionfund Dsm Netherlands reported 30,802 shares or 0.24% of all its holdings. Raymond James And Associates has invested 0% in Highwoods Properties, Inc. (NYSE:HIW). Ww Asset Mngmt holds 0.01% of its portfolio in Highwoods Properties, Inc. (NYSE:HIW) for 5,290 shares. Asset Mgmt One Com Ltd reported 248,359 shares stake. Vanguard Group Inc owns 15.96M shares. Franklin Resource reported 1.23 million shares. Bank Of Montreal Can holds 832,664 shares. California Pub Employees Retirement stated it has 0.01% in Highwoods Properties, Inc. (NYSE:HIW). 17,245 are held by Stifel Fincl Corporation. Bailard Inc holds 0.02% of its portfolio in Highwoods Properties, Inc. (NYSE:HIW) for 8,000 shares. Cubist Systematic Strategies Ltd Llc has 11,658 shares for 0.03% of their portfolio. 7,326 were accumulated by Alps.

Since June 12, 2018, it had 0 insider buys, and 2 insider sales for $236,048 activity.

Martingale Asset Management L P increased its stake in Highwoods Properties (NYSE:HIW) by 248.6% based on its latest 2018Q2 regulatory filing with the SEC. Martingale Asset Management L P bought 246,615 shares as the company’s stock rose 5.89% while stock markets declined. The institutional investor held 345,816 shares of the consumer services company at the end of 2018Q2, valued at $17.54M, up from 99,201 at the end of the previous reported quarter. Martingale Asset Management L P who had been investing in Highwoods Properties for a number of months, seems to be bullish on the $5.25 billion market cap company. The stock decreased 0.30% or $0.15 during the last trading session, reaching $49.41. About 319,738 shares traded. Highwoods Properties, Inc. (NYSE:HIW) has declined 9.10% since August 13, 2017 and is downtrending. It has underperformed by 21.67% the S&P500.

Martingale Asset Management L P, which manages about $2.91B and $8.13B US Long portfolio, decreased its stake in Vectren Corp (NYSE:VVC) by 233,000 shares to 167,997 shares, valued at $12.00 million in 2018Q2, according to the filing. It also reduced its holding in Campbell Soup Co (NYSE:CPB) by 275,680 shares in the quarter, leaving it with 9,803 shares, and cut its stake in Bunge Limited (NYSE:BG).

Martingale Asset Management L P is a Massachusetts-based institutional investor with more than $2.91 billion AUM in March, 2014. Taken from Martingale Asset Management L latest Adv, the fund reported to have 21 full and part-time employees. Among which 8 performing investment advisory and research functions. The institutional investor had between 11-25 clients.

Highwoods Properties, Inc. (NYSE:HIW) Ratings Coverage

Among 6 analysts covering Highwoods Properties (NYSE:HIW), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Highwoods Properties had 8 analyst reports since March 2, 2018 according to SRatingsIntel. On Tuesday, March 13 the stock rating was downgraded by Stifel Nicolaus to “Hold”. As per Friday, March 9, the company rating was upgraded by SunTrust. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, June 14 report. The rating was maintained by Jefferies on Friday, March 2 with “Hold”. The stock of Highwoods Properties, Inc. (NYSE:HIW) earned “Buy” rating by Stifel Nicolaus on Friday, June 1. Jefferies maintained Highwoods Properties, Inc. (NYSE:HIW) rating on Tuesday, April 24. Jefferies has “Hold” rating and $4600 target.

Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded real estate investment trust (?REIT?) and a member of the S&P MidCap 400 Index. The company has market cap of $5.25 billion. The Firm is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa. It has a 25.95 P/E ratio.

More news for Highwoods Properties, Inc. (NYSE:HIW) were recently published by: Bizjournals.com, which released: “Raleigh’s Highwoods inks deal to build $285M HQ for Asurion” on July 23, 2018. Seekingalpha.com‘s article titled: “Highwoods Properties Inc. (HIW) CEO Ed Fritsch on Q2 2018 Results – Earnings Call Transcript” and published on July 25, 2018 is yet another important article.

Highwoods Properties, Inc. (NYSE:HIW) Institutional Positions Chart

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