Bank of Montreal Can Has $1.79 Million Holdings in Highwoods Properties, Inc. $HIW

Bank of Montreal Can boosted its position in shares of Highwoods Properties, Inc. (NYSE:HIW) by 57.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,570 shares of the real estate investment trust’s stock after purchasing an additional 21,003 shares during the period. Bank of Montreal Can’s holdings in Highwoods Properties were worth $1,790,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Highwoods Properties by 0.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,660,872 shares of the real estate investment trust’s stock valued at $108,509,000 after purchasing an additional 10,331 shares in the last quarter. Invesco Ltd. raised its position in 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 valued at $87,719,000 after buying an additional 388,332 shares during the last quarter. Northern Trust Corp lifted its stake in Highwoods Properties by 7.3% in the 1st quarter. Northern Trust Corp now owns 1,989,894 shares of the real estate investment trust’s stock valued at $58,980,000 after acquiring an additional 135,059 shares in the last quarter. Aew Capital Management L P boosted its position in Highwoods Properties by 13.3% during the 1st quarter. Aew Capital Management L P now owns 1,158,110 shares of the real estate investment trust’s stock worth $34,326,000 after acquiring an additional 136,200 shares during the last quarter. Finally, CORDA Investment Management LLC. boosted its position in Highwoods Properties by 0.8% during the 2nd quarter. CORDA Investment Management LLC. now owns 1,027,240 shares of the real estate investment trust’s stock worth $31,937,000 after acquiring an additional 8,054 shares during the last quarter. Institutional investors and hedge funds own 96.31% of the company’s stock.

Insider Activity at Highwoods Properties

In related news, Director David John Hartzell sold 4,300 shares of the company’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 transaction, the director owned 27,489 shares in the company, valued at approximately $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 accessible through the SEC website. Insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on HIW shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Highwoods Properties in a report on Wednesday, October 8th. Truist Financial lifted their price target on shares of Highwoods Properties from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Wednesday, September 3rd. Wolfe Research assumed coverage on shares of Highwoods Properties in a research note on Wednesday, October 8th. They set an “outperform” rating and a $38.00 price objective for the company. New Street Research set a $30.00 target price on Highwoods Properties in a research report on Monday, October 13th. Finally, Wall Street Zen lowered Highwoods Properties from a “hold” rating to a “sell” rating in a report on Sunday, October 19th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $31.00.

Highwoods Properties Stock Down 0.2%

HIW stock opened at $28.98 on Friday. Highwoods Properties, Inc. has a 1-year low of $24.18 and a 1-year high of $33.11. The business’s 50 day simple moving average is $30.57 and its 200 day simple moving average is $30.34. The company has a current ratio of 1.39, a quick ratio of 1.38 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $3.18 billion, a PE ratio of 24.77 and a beta of 1.20.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 the consensus estimate of $205.74 million. During the same quarter last year, the firm posted $0.90 EPS. The company’s quarterly 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. As a group, research analysts anticipate that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Monday, November 17th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $2.00 annualized dividend and a dividend yield of 6.9%. Highwoods Properties’s payout ratio is presently 170.94%.

Highwoods Properties Profile

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.