Huntington started coverage on shares of Highwoods Properties (NYSE:HIW – Free Report) in a research report released on Thursday, Marketbeat.com reports. The brokerage issued a market perform rating and a $31.00 price target on the real estate investment trust’s stock.
Other equities research analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft lowered Highwoods Properties from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a research note on Wednesday, August 5th. Truist Financial upped their price objective on Highwoods Properties from $23.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, June 26th. Mizuho set a $32.00 target price on Highwoods Properties in a research note on Tuesday, September 8th. Morgan Stanley upped their price target on shares of Highwoods Properties from $23.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd. Finally, Citigroup raised their price target on shares of Highwoods Properties from $24.00 to $34.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. Eight research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $31.78.
Get Our Latest Research Report on Highwoods Properties
Highwoods Properties Trading Down 0.6%
Highwoods Properties (NYSE:HIW – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The firm had revenue of $216.38 million for the quarter, compared to analysts’ expectations of $212.15 million. Highwoods Properties had a return on equity of 7.06% and a net margin of 20.74%. Highwoods Properties’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 earnings per share. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. As a group, analysts expect that Highwoods Properties will post 3.55 EPS for the current year.
Highwoods Properties Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 6.9%. The ex-dividend date was Monday, August 17th. Highwoods Properties’s dividend payout ratio (DPR) is presently 131.58%.
Institutional Investors Weigh In On Highwoods Properties
Several hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of Highwoods Properties by 16.2% during the 3rd quarter. GAMMA Investing LLC now owns 8,204 shares of the real estate investment trust’s stock worth $238,000 after buying an additional 1,144 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Highwoods Properties by 113.5% in the third quarter. Farther Finance Advisors LLC now owns 4,999 shares of the real estate investment trust’s stock valued at $145,000 after acquiring an additional 2,657 shares in the last quarter. Everhart Financial Group Inc. raised its holdings in shares of Highwoods Properties by 21.9% in the third quarter. Everhart Financial Group Inc. now owns 11,881 shares of the real estate investment trust’s stock valued at $345,000 after acquiring an additional 2,131 shares in the last quarter. Elevation Wealth Partners LLC lifted its stake in Highwoods Properties by 96.6% in the third quarter. Elevation Wealth Partners LLC now owns 2,094 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 1,029 shares during the period. Finally, Congress Asset Management Co. lifted its stake in Highwoods Properties by 21.4% in the third quarter. Congress Asset Management Co. now owns 539,858 shares of the real estate investment trust’s stock worth $15,667,000 after acquiring an additional 95,113 shares during the period. 96.31% of the stock is currently owned by hedge funds and other institutional investors.
About Highwoods Properties
Highwoods Properties, Inc (NYSE: HIW) is a real estate investment trust that owns, develops, leases and manages primarily office properties. The company focuses on high-quality buildings in prominent business districts and serves corporate, professional-services and other commercial tenants.
Highwoods’ portfolio is concentrated in major Sun Belt and Southeast markets, including Atlanta, Charlotte, Orlando, Raleigh, Richmond, Nashville and Tampa. In addition to leasing office space, the company provides property management and related services and pursues select development and redevelopment opportunities to support its portfolio.
Founded in 1978, Highwoods Properties became a publicly traded company in 1994.
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