Pacific Heights Asset Management LLC Purchases 100,000 Shares of Highwoods Properties, Inc. $HIW

Pacific Heights Asset Management LLC lifted its holdings in Highwoods Properties, Inc. (NYSE:HIW) by 66.7% during the third quarter, HoldingsChannel reports. The firm owned 250,000 shares of the real estate investment trust’s stock after purchasing an additional 100,000 shares during the period. Pacific Heights Asset Management LLC’s holdings in Highwoods Properties were worth $7,955,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in HIW. SJS Investment Consulting Inc. bought a new stake in Highwoods Properties during the 3rd quarter valued at approximately $49,000. Geneos Wealth Management Inc. increased its position in Highwoods Properties by 292.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,680 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 1,252 shares during the period. MAI Capital Management lifted its holdings in shares of Highwoods Properties by 67.3% during the second quarter. MAI Capital Management now owns 1,803 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 725 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Highwoods Properties by 97.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,242 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 1,106 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in shares of Highwoods Properties by 562.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,552 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 2,167 shares during the last quarter. Institutional investors and hedge funds own 96.31% of the company’s stock.

Highwoods Properties Trading Up 1.2%

Shares of Highwoods Properties stock opened at $27.52 on Tuesday. Highwoods Properties, Inc. has a 52-week low of $24.18 and a 52-week high of $32.76. The firm has a market capitalization of $3.02 billion, a PE ratio of 23.52 and a beta of 1.07. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.39 and a quick ratio of 1.39. The company’s fifty day moving average price is $26.77 and its two-hundred day moving average price is $29.12.

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 the consensus estimate of $0.86. The business had revenue of $201.77 million for the quarter, compared to analyst estimates of $205.74 million. Highwoods Properties had a net margin of 15.98% and a return on equity of 5.48%. The firm’s revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.90 EPS. Highwoods Properties has set its FY 2025 guidance at 3.410-3.45 EPS. On average, analysts expect that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 17th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend was Monday, November 17th. Highwoods Properties’s payout ratio is presently 170.94%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HIW shares. Wolfe Research initiated coverage on shares of Highwoods Properties in a research report on Wednesday, October 8th. They set an “outperform” rating and a $38.00 target price on the stock. Wall Street Zen upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Saturday. New Street Research set a $30.00 price objective on shares of Highwoods Properties in a research report on Monday, October 13th. Deutsche Bank Aktiengesellschaft upgraded shares of Highwoods Properties from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Tuesday, January 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Highwoods Properties in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $30.75.

Highwoods Properties 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.