Ameriflex Group Inc. Purchases Shares of 10,353 Highwoods Properties, Inc. $HIW

Ameriflex Group Inc. purchased a new stake in Highwoods Properties, Inc. (NYSE:HIW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,353 shares of the real estate investment trust’s stock, valued at approximately $324,000.

Several other large investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its holdings in shares of Highwoods Properties by 87.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 6,118,701 shares of the real estate investment trust’s stock worth $181,358,000 after purchasing an additional 2,852,877 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Highwoods Properties by 0.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,660,872 shares of the real estate investment trust’s stock worth $108,509,000 after purchasing an additional 10,331 shares during the last quarter. Invesco Ltd. grew 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 purchasing an additional 388,332 shares during the last quarter. Northern Trust Corp grew its holdings in shares of 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 worth $58,980,000 after purchasing an additional 135,059 shares during the last quarter. Finally, Aew Capital Management L P grew its holdings in shares of Highwoods Properties by 13.3% in 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 purchasing an additional 136,200 shares during the last quarter. Institutional investors own 96.31% of the company’s stock.

Wall Street Analyst Weigh In

HIW has been the topic of several analyst reports. Truist Financial upped their target price on shares of Highwoods Properties from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Wednesday, September 3rd. Wall Street Zen downgraded shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Highwoods Properties in a research report on Saturday, September 27th. Finally, Mizuho upped their price target on shares of Highwoods Properties from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $31.60.

Highwoods Properties Stock Performance

Highwoods Properties stock opened at $32.43 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.42. Highwoods Properties, Inc. has a 1 year low of $24.18 and a 1 year high of $36.78. The company has a market cap of $3.50 billion, a PE ratio of 27.25 and a beta of 1.24. The company’s 50-day moving average is $30.61 and its two-hundred day moving average is $29.97.

Highwoods Properties (NYSE:HIW) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. Highwoods Properties had a net margin of 16.15% and a return on equity of 5.57%. The company had revenue of $200.60 million for the quarter, compared to the consensus estimate of $203.22 million. During the same period in the prior year, the company posted $0.98 EPS. The company’s revenue was down 2.0% compared to the same quarter last year. Highwoods Properties has set its FY 2025 guidance at 3.370-3.450 EPS. Equities analysts anticipate that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 18th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date was Monday, August 18th. Highwoods Properties’s dividend payout ratio (DPR) is currently 168.07%.

Insider Buying and Selling at Highwoods Properties

In related news, Director David John Hartzell sold 4,300 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $32.10, for a total value of $138,030.00. Following the sale, the director directly owned 27,489 shares in the company, valued at $882,396.90. This trade represents a 13.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.90% of the stock is owned by corporate insiders.

Highwoods Properties Company 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.