Highwoods Properties, Inc. $HIW Position Increased by LSV Asset Management

LSV Asset Management raised its position in Highwoods Properties, Inc. (NYSE:HIW) by 8.0% during the second quarter, HoldingsChannel.com reports. The firm owned 1,002,400 shares of the real estate investment trust’s stock after buying an additional 74,397 shares during the quarter. LSV Asset Management’s holdings in Highwoods Properties were worth $31,165,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Avalon Trust Co bought a new stake in Highwoods Properties in the first quarter worth $35,000. Geneos Wealth Management Inc. boosted its stake in shares of Highwoods Properties by 292.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,680 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 1,252 shares in the last quarter. Bayforest Capital Ltd bought a new stake in shares of Highwoods Properties during the 1st quarter worth about $82,000. Smartleaf Asset Management LLC increased its holdings in shares of Highwoods Properties by 25.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,060 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 626 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its stake in shares of Highwoods Properties by 478.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 3,090 shares of the real estate investment trust’s stock valued at $96,000 after acquiring an additional 2,556 shares in the last quarter. 96.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HIW. Wall Street Zen cut Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Sunday, October 19th. Weiss Ratings restated a “hold (c)” rating on shares of Highwoods Properties in a research note on Wednesday, October 8th. Truist Financial upped their price objective 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. New Street Research set a $30.00 target price on shares of Highwoods Properties in a research note on Monday, October 13th. Finally, Morgan Stanley boosted their target price on shares of Highwoods Properties from $23.00 to $24.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 21st. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $31.00.

Highwoods Properties Price Performance

Shares of Highwoods Properties stock opened at $28.07 on Wednesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.39 and a quick ratio of 1.38. The company has a market cap of $3.08 billion, a PE ratio of 23.99 and a beta of 1.20. The firm has a fifty day moving average price of $30.35 and a two-hundred day moving average price of $30.36. Highwoods Properties, Inc. has a fifty-two week low of $24.18 and a fifty-two week high of $33.11.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.86. The company had revenue of $201.77 million for the quarter, compared to the consensus estimate of $205.74 million. Highwoods Properties had a net margin of 15.98% and a return on equity of 5.48%. The business’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.90 EPS. Highwoods Properties has set its FY 2025 guidance at 3.410-3.45 EPS. Analysts expect that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Monday, November 17th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $2.00 annualized dividend and a yield of 7.1%. Highwoods Properties’s dividend payout ratio is 170.94%.

Insider Activity at Highwoods Properties

In other news, Director David John Hartzell sold 4,300 shares of Highwoods Properties stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $32.10, for a total transaction of $138,030.00. Following the sale, the director owned 27,489 shares of the company’s stock, valued at approximately $882,396.90. This trade represents a 13.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.90% of the company’s stock.

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.