Fox Run Management L.L.C. Makes New $841,000 Investment in Highwoods Properties, Inc. $HIW

Fox Run Management L.L.C. purchased a new stake in shares of Highwoods Properties, Inc. (NYSE:HIW) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 27,048 shares of the real estate investment trust’s stock, valued at approximately $841,000.

Several other hedge funds have also modified their holdings of HIW. Massachusetts Financial Services Co. MA grew its holdings in shares of Highwoods Properties by 87.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 6,118,701 shares of the real estate investment trust’s stock valued at $181,358,000 after purchasing an additional 2,852,877 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Highwoods Properties by 15.1% in the 1st quarter. Invesco Ltd. now owns 2,959,480 shares of the real estate investment trust’s stock worth $87,719,000 after buying an additional 388,332 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Highwoods Properties during the 1st quarter valued at about $9,331,000. Eisler Capital Management Ltd. bought a new position in shares of Highwoods Properties in the 1st quarter valued at about $6,811,000. Finally, Adage Capital Partners GP L.L.C. lifted its holdings in shares of Highwoods Properties by 66.3% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 549,136 shares of the real estate investment trust’s stock valued at $16,276,000 after acquiring an additional 218,980 shares during the last quarter. 96.31% of the stock is owned by hedge funds and other institutional investors.

Highwoods Properties Stock Up 2.1%

Shares of NYSE:HIW opened at $29.35 on Monday. The business’s 50 day moving average is $30.75 and its 200 day moving average is $30.35. The stock has a market cap of $3.22 billion, a P/E ratio of 25.08 and a beta of 1.20. Highwoods Properties, Inc. has a 52-week low of $24.18 and a 52-week high of $34.22. The company has a quick ratio of 1.38, a current ratio of 1.39 and a debt-to-equity ratio of 1.44.

Highwoods Properties (NYSE:HIW) last issued its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.86 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.86. Highwoods Properties had a return on equity of 5.48% and a net margin of 15.98%.The business had revenue of $201.77 million during the quarter, compared to analyst estimates of $205.74 million. During the same period in the previous year, the company posted $0.90 EPS. Highwoods Properties’s revenue was down 1.2% on a year-over-year basis. Highwoods Properties has set its FY 2025 guidance at 3.410-3.45 EPS. Sell-side analysts predict that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Monday, November 17th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 6.8%. The ex-dividend date is Monday, November 17th. Highwoods Properties’s dividend payout ratio is presently 170.94%.

Insider Buying and Selling

In other news, Director David John Hartzell sold 4,300 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $32.10, for a total value of $138,030.00. Following the completion of the sale, the director owned 27,489 shares in the company, valued at approximately $882,396.90. The trade was a 13.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. New Street Research set a $30.00 price objective on Highwoods Properties in a research report on Monday, October 13th. Weiss Ratings restated a “hold (c)” rating on shares of Highwoods Properties in a report on Wednesday, October 8th. Mizuho lifted their price objective on shares of Highwoods Properties from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Monday, July 14th. Wolfe Research started coverage on shares of Highwoods Properties in a research note on Wednesday, October 8th. They issued an “outperform” rating and a $38.00 target price on the stock. Finally, Morgan Stanley raised their price objective on shares of Highwoods Properties from $23.00 to $24.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 21st. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $31.14.

About Highwoods Properties

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.