Sequoia Financial Advisors LLC Purchases New Position in Highwoods Properties, Inc. $HIW

Sequoia Financial Advisors LLC purchased a new stake in shares of Highwoods Properties, Inc. (NYSE:HIWFree Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 17,733 shares of the real estate investment trust’s stock, valued at approximately $551,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Voya Investment Management LLC raised its stake in shares of Highwoods Properties by 2.9% during the 1st quarter. Voya Investment Management LLC now owns 13,033 shares of the real estate investment trust’s stock worth $386,000 after buying an additional 367 shares during the period. Nissay Asset Management Corp Japan ADV raised its stake in shares of Highwoods Properties by 2.6% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 15,397 shares of the real estate investment trust’s stock worth $456,000 after buying an additional 396 shares during the period. Truist Financial Corp raised its stake in shares of Highwoods Properties by 5.0% during the 2nd quarter. Truist Financial Corp now owns 9,146 shares of the real estate investment trust’s stock worth $284,000 after buying an additional 434 shares during the period. GC Wealth Management RIA LLC raised its stake in shares of Highwoods Properties by 4.2% during the 2nd quarter. GC Wealth Management RIA LLC now owns 12,205 shares of the real estate investment trust’s stock worth $379,000 after buying an additional 489 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Highwoods Properties by 10.3% during the 1st quarter. GAMMA Investing LLC now owns 5,278 shares of the real estate investment trust’s stock worth $156,000 after buying an additional 493 shares during the period. 96.31% of the stock is currently owned by hedge funds and other institutional investors.

Highwoods Properties Stock Up 1.0%

Shares of HIW opened at $30.01 on Monday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.38 and a current ratio of 1.38. Highwoods Properties, Inc. has a one year low of $24.18 and a one year high of $36.78. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 25.21 and a beta of 1.24. The stock has a 50 day moving average price of $30.93 and a 200 day moving average price of $30.09.

Highwoods Properties (NYSE:HIWGet Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.89 EPS for the quarter, topping the consensus estimate of $0.85 by $0.04. Highwoods Properties had a return on equity of 5.57% and a net margin of 16.15%.The firm had revenue of $200.60 million during the quarter, compared to analysts’ expectations of $203.22 million. During the same period in the previous year, the business earned $0.98 earnings per share. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. Highwoods Properties has set its FY 2025 guidance at 3.370-3.450 EPS. Equities research analysts forecast that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 18th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 6.7%. The ex-dividend date was Monday, August 18th. Highwoods Properties’s dividend payout ratio is presently 168.07%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HIW shares. New Street Research set a $30.00 target price on Highwoods Properties in a research note on Monday, October 13th. Wolfe Research started coverage on Highwoods Properties in a research note on Wednesday, October 8th. They set an “outperform” rating and a $38.00 target price for the company. Mizuho upped their target price on Highwoods Properties from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Monday, July 14th. Truist Financial boosted their price target on Highwoods Properties from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Wednesday, September 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Highwoods Properties in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Highwoods Properties has a consensus rating of “Hold” and a consensus target price of $32.29.

Read Our Latest Analysis on HIW

Insider Transactions at Highwoods Properties

In other Highwoods Properties news, Director David John Hartzell sold 4,300 shares of the company’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $32.10, for a total value of $138,030.00. Following the completion of the sale, the director directly owned 27,489 shares in the company, valued at $882,396.90. This represents a 13.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by insiders.

About Highwoods Properties

(Free Report)

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.

Featured Stories

Institutional Ownership by Quarter for Highwoods Properties (NYSE:HIW)

Receive News & Ratings for Highwoods Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Highwoods Properties and related companies with MarketBeat.com's FREE daily email newsletter.