Ieq Capital LLC bought a new position in shares of Highwoods Properties, Inc. (NYSE:HIW – Free Report) during the second quarter, Holdings Channel.com reports. The fund bought 111,355 shares of the real estate investment trust’s stock, valued at approximately $3,358,000.
Other large investors also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Highwoods Properties during the second quarter valued at about $633,717,000. Vanguard Group Inc. raised its holdings in shares of Highwoods Properties by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 16,903,497 shares of the real estate investment trust’s stock worth $436,448,000 after acquiring an additional 407,406 shares during the last quarter. State Street Corp raised its holdings in shares of Highwoods Properties by 1.2% in the 4th quarter. State Street Corp now owns 6,699,130 shares of the real estate investment trust’s stock worth $172,972,000 after acquiring an additional 81,348 shares during the last quarter. Aew Capital Management L P lifted its position in Highwoods Properties by 3.8% in the 4th quarter. Aew Capital Management L P now owns 2,433,243 shares of the real estate investment trust’s stock valued at $62,826,000 after acquiring an additional 88,672 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in Highwoods Properties by 0.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 2,205,348 shares of the real estate investment trust’s stock worth $70,174,000 after purchasing an additional 14,410 shares in the last quarter. 96.31% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
HIW has been the subject of a number of analyst reports. Truist Financial increased their price target on Highwoods Properties from $23.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, June 26th. Weiss Ratings upgraded shares of Highwoods Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Morgan Stanley raised their price target on shares of Highwoods Properties from $23.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 22nd. Wells Fargo & Company increased their price objective on shares of Highwoods Properties from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Finally, Citigroup lifted their target price on shares of Highwoods Properties from $24.00 to $34.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $31.67.
Highwoods Properties Stock Performance
NYSE HIW opened at $31.76 on Tuesday. The company’s 50 day moving average is $31.57 and its 200-day moving average is $26.71. Highwoods Properties, Inc. has a 12-month low of $20.45 and a 12-month high of $35.44. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.37. The firm has a market cap of $3.50 billion, a P/E ratio of 20.89 and a beta of 1.05.
Highwoods Properties (NYSE:HIW – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). The company had revenue of $216.38 million during the quarter, compared to analysts’ expectations of $212.15 million. Highwoods Properties had a net margin of 20.74% and a return on equity of 7.06%. Highwoods Properties’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 earnings per share. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. Sell-side analysts predict that Highwoods Properties, Inc. will post 3.53 earnings per share for the current year.
Highwoods Properties Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 17th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Monday, August 17th. Highwoods Properties’s dividend payout ratio (DPR) is currently 131.58%.
Highwoods Properties Company Profile
Highwoods Properties, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops, leases and manages office properties. The company’s portfolio is primarily focused on Class A office space, with an emphasis on high-quality buildings in key urban and suburban submarkets. Highwoods seeks to generate long-term, recurring revenues through a mix of in-place lease renewals, strategic dispositions and build-to-suit developments. Its asset management platform drives operational efficiencies and tenant service initiatives across its holdings.
Founded in 1970 and headquartered in Raleigh, North Carolina, Highwoods Properties has expanded its presence to eight major metropolitan regions across the Southeastern United States and Texas.
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