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

August 12, 2018 - By Elizabeth Jones

Highwoods Properties, Inc. (NYSE:HIW) LogoInvestors sentiment decreased to 1.39 in Q1 2018. Its down 0.03, from 1.42 in 2017Q4. It is negative, 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. Comm Bankshares holds 38,821 shares. D E Shaw And stated it has 561,423 shares. Walleye Trading Ltd Liability Com invested in 18,596 shares or 0% of the stock. Savings Bank Of Montreal Can holds 0.03% or 832,664 shares in its portfolio. Royal National Bank & Trust Of Canada owns 167,556 shares or 0% of their US portfolio. Federated Investors Inc Pa holds 0.02% or 143,805 shares in its portfolio. Carroll Fincl Assocs stated it has 298 shares or 0% of all its holdings. Liberty Mutual Group Asset invested in 20,335 shares. Kbc Grp Inc Nv reported 6,303 shares. Ameritas holds 30,934 shares. Aurora Invest Counsel reported 49,371 shares stake. Fort Washington Advsrs Inc Oh holds 22,267 shares or 0.01% of its portfolio. Comerica Bank & Trust reported 90,736 shares. American Intl Gp Inc has 206,588 shares for 0.03% of their portfolio. Putnam Fl Invest Mngmt reported 139,935 shares.

Since June 12, 2018, it had 0 insider purchases, 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 $17.54 million, 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 $8.13 billion US Long portfolio, decreased its stake in Crane Company (NYSE:CR) by 184,503 shares to 251,127 shares, valued at $20.12 million in 2018Q2, according to the filing. It also reduced its holding in Hilton Grand Vacations () by 328,360 shares in the quarter, leaving it with 183,819 shares, and cut its stake in Boeing Company (NYSE:BA).

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. Stifel Nicolaus downgraded the stock to “Hold” rating in Tuesday, March 13 report. Jefferies maintained the stock with “Hold” rating in Friday, March 2 report. SunTrust upgraded the stock to “Buy” rating in Friday, March 9 report. As per Friday, June 1, the company rating was upgraded by Stifel Nicolaus. The stock has “Hold” rating by Jefferies on Tuesday, April 24. The stock of Highwoods Properties, Inc. (NYSE:HIW) earned “Equal-Weight” rating by Morgan Stanley on Thursday, June 14.

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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