Jupiter Topco LLC acquired a new stake in shares of Highwoods Properties, Inc. (NYSE:HIW – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 842,713 shares of the real estate investment trust’s stock, valued at approximately $25,432,000.
A number of other institutional investors have also recently made changes to their positions in HIW. Pacific Heights Asset Management LLC raised its holdings in Highwoods Properties by 40.0% in the 4th quarter. Pacific Heights Asset Management LLC now owns 350,000 shares of the real estate investment trust’s stock valued at $9,037,000 after acquiring an additional 100,000 shares during the period. SCS Capital Management LLC acquired a new stake in Highwoods Properties during the second quarter worth approximately $17,659,000. LSV Asset Management boosted its holdings in shares of Highwoods Properties by 6.4% during the fourth quarter. LSV Asset Management now owns 1,187,100 shares of the real estate investment trust’s stock worth $30,651,000 after acquiring an additional 71,500 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Highwoods Properties by 2.5% during the fourth 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 period. Finally, Aew Capital Management L P grew its position in shares of Highwoods Properties by 3.8% in the fourth 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 purchasing an additional 88,672 shares during the last quarter. Institutional investors and hedge funds own 96.31% of the company’s stock.
Wall Street Analysts Forecast Growth
HIW has been the topic of a number of recent research reports. Morgan Stanley increased their target price on Highwoods Properties from $23.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. Wells Fargo & Company boosted their price objective on shares of Highwoods Properties from $24.00 to $26.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Mizuho boosted their price objective on shares of Highwoods Properties from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Citigroup increased 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. Finally, Truist Financial raised their target price on shares of Highwoods Properties from $23.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, June 26th. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $31.67.
Highwoods Properties Trading Down 0.7%
NYSE HIW opened at $31.16 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.37. Highwoods Properties, Inc. has a twelve month low of $20.45 and a twelve month high of $35.44. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 20.50 and a beta of 1.05. The business’s fifty day moving average is $31.76 and its 200 day moving average is $26.86.
Highwoods Properties (NYSE:HIW – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The business had revenue of $216.38 million during the quarter, compared to the consensus estimate of $212.15 million. Highwoods Properties had a net margin of 20.74% and a return on equity of 7.06%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.89 EPS. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. As a group, sell-side analysts expect that Highwoods Properties, Inc. will post 3.53 EPS for the current fiscal year.
Highwoods Properties Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Monday, August 17th. Highwoods Properties’s dividend payout ratio is currently 131.58%.
About Highwoods Properties
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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