Chilton Capital Management LLC Increases Position in Highwoods Properties, Inc. $HIW

Chilton Capital Management LLC lifted its holdings in Highwoods Properties, Inc. (NYSE:HIW) by 1.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 253,320 shares of the real estate investment trust’s stock after buying an additional 4,419 shares during the quarter. Chilton Capital Management LLC owned approximately 0.23% of Highwoods Properties worth $7,876,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of HIW. GAMMA Investing LLC increased its stake in Highwoods Properties by 10.3% in the first quarter. GAMMA Investing LLC now owns 5,278 shares of the real estate investment trust’s stock worth $156,000 after purchasing an additional 493 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in shares of Highwoods Properties by 53.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 26,000 shares of the real estate investment trust’s stock worth $771,000 after purchasing an additional 9,104 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in Highwoods Properties by 0.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 158,029 shares of the real estate investment trust’s stock valued at $4,684,000 after buying an additional 922 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Highwoods Properties by 18.0% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,384 shares of the real estate investment trust’s stock valued at $693,000 after buying an additional 3,568 shares during the period. Finally, Aaron Wealth Advisors LLC bought a new position in Highwoods Properties in the 1st quarter worth about $210,000. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HIW shares. Truist Financial boosted their price target on Highwoods Properties from $32.00 to $33.00 and gave the company a “hold” rating in a report on Wednesday, September 3rd. Wolfe Research started coverage on Highwoods Properties in a research report on Wednesday, October 8th. They set an “outperform” rating and a $38.00 price target on the stock. Wall Street Zen downgraded Highwoods Properties from a “hold” rating to a “sell” rating in a report on Sunday, October 19th. Mizuho increased their target price on shares of Highwoods Properties from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Finally, New Street Research set a $30.00 price target on shares of Highwoods Properties in a report on Monday, October 13th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Highwoods Properties has a consensus rating of “Hold” and a consensus price target of $31.25.

Highwoods Properties Stock Up 0.3%

Shares of Highwoods Properties stock opened at $29.72 on Friday. Highwoods Properties, Inc. has a 52-week low of $24.18 and a 52-week high of $35.68. The firm’s 50 day moving average price is $30.98 and its 200-day moving average price is $30.19. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.42. The company has a market cap of $3.21 billion, a P/E ratio of 24.98 and a beta of 1.24.

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

Highwoods Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 17th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, November 17th. This represents a $2.00 annualized dividend and a dividend yield of 6.7%. Highwoods Properties’s dividend payout ratio is 168.07%.

Insider Activity at Highwoods Properties

In related news, Director David John Hartzell sold 4,300 shares of Highwoods Properties 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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is owned by 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.