JPMorgan Chase & Co. Buys 61,443 Shares of Highwoods Properties, Inc. $HIW

JPMorgan Chase & Co. increased its position in shares of Highwoods Properties, Inc. (NYSE:HIW) by 8.6% during the third quarter, Holdings Channel reports. The institutional investor owned 772,326 shares of the real estate investment trust’s stock after purchasing an additional 61,443 shares during the quarter. JPMorgan Chase & Co.’s holdings in Highwoods Properties were worth $24,575,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in shares of Highwoods Properties by 12.7% in the 1st quarter. Royal Bank of Canada now owns 177,942 shares of the real estate investment trust’s stock worth $5,275,000 after acquiring an additional 19,998 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Highwoods Properties by 15.5% during the first quarter. Goldman Sachs Group Inc. now owns 822,655 shares of the real estate investment trust’s stock valued at $24,383,000 after purchasing an additional 110,489 shares during the period. Empowered Funds LLC raised its stake in shares of Highwoods Properties by 10.4% in the first quarter. Empowered Funds LLC now owns 13,243 shares of the real estate investment trust’s stock valued at $393,000 after purchasing an additional 1,248 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Highwoods Properties by 292.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,680 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 1,252 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Highwoods Properties by 1.1% in the second quarter. Geode Capital Management LLC now owns 2,046,968 shares of the real estate investment trust’s stock worth $63,650,000 after purchasing an additional 23,168 shares during the period. 96.31% of the stock is currently owned by institutional investors.

Highwoods Properties Trading Up 3.0%

HIW stock opened at $21.22 on Tuesday. The business has a fifty day moving average price of $24.08 and a 200 day moving average price of $27.09. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.41 and a quick ratio of 1.41. Highwoods Properties, Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $32.76. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 14.54 and a beta of 1.07.

Highwoods Properties (NYSE:HIW) last announced its earnings results on Tuesday, February 10th. The real estate investment trust reported $0.26 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.58). Highwoods Properties had a return on equity of 6.86% and a net margin of 20.10%.The business had revenue of $203.36 million for the quarter, compared to the consensus estimate of $208.08 million. During the same quarter in the previous year, the company posted $0.85 EPS. Highwoods Properties’s revenue for the quarter was down .9% on a year-over-year basis. Highwoods Properties has set its FY 2026 guidance at 3.400-3.680 EPS. Analysts expect 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 was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 9.4%. The ex-dividend date was Tuesday, February 17th. Highwoods Properties’s dividend payout ratio (DPR) is presently 136.99%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on HIW shares. Truist Financial lowered their price target on shares of Highwoods Properties from $29.00 to $23.00 and set a “hold” rating on the stock in a report on Tuesday, March 17th. Wall Street Zen upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Monday. Citigroup lowered their target price on shares of Highwoods Properties from $30.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Mizuho cut their price target on shares of Highwoods Properties from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Tuesday, February 24th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Highwoods Properties in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Highwoods Properties currently has an average rating of “Hold” and a consensus target price of $27.78.

Highwoods Properties Company 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.