LSV Asset Management Buys 71,500 Shares of Highwoods Properties, Inc. $HIW

LSV Asset Management grew its stake in shares of Highwoods Properties, Inc. (NYSE:HIW) by 6.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,187,100 shares of the real estate investment trust’s stock after purchasing an additional 71,500 shares during the quarter. LSV Asset Management’s holdings in Highwoods Properties were worth $30,651,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd raised its position in shares of Highwoods Properties by 88.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 792 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 372 shares during the last quarter. Bell Investment Advisors Inc grew its holdings in shares of Highwoods Properties by 921.4% in the third quarter. Bell Investment Advisors Inc now owns 858 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 774 shares in the last quarter. Avalon Trust Co purchased a new position in shares of Highwoods Properties in the third quarter valued at $37,000. Beacon Financial Strategies CORP purchased a new position in shares of Highwoods Properties in the fourth quarter valued at $34,000. Finally, Geneos Wealth Management Inc. grew its holdings 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. Institutional investors own 96.31% of the company’s stock.

Analyst Ratings Changes

HIW has been the subject of a number of recent research reports. Truist Financial cut their target price on shares of Highwoods Properties from $29.00 to $23.00 and set a “hold” rating for the company in a report on Tuesday, March 17th. Robert W. Baird set a $29.00 target price on shares of Highwoods Properties in a report on Wednesday, February 25th. Morgan Stanley raised shares of Highwoods Properties from an “underweight” rating to an “equal weight” rating and cut their target price for the company from $24.00 to $23.00 in a report on Tuesday, March 31st. Wall Street Zen raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a report on Monday, March 23rd. Finally, Mizuho cut their target price on shares of Highwoods Properties from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Tuesday, February 24th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $27.78.

Highwoods Properties Stock Up 0.1%

Shares of HIW opened at $25.67 on Monday. The company has a market cap of $2.83 billion, a PE ratio of 30.56 and a beta of 1.08. The business has a fifty day moving average of $23.22 and a 200 day moving average of $24.93. Highwoods Properties, Inc. has a 52-week low of $20.45 and a 52-week high of $32.76. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.46.

Highwoods Properties (NYSE:HIW) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.13. The company had revenue of $214.03 million during the quarter, compared to the consensus estimate of $209.06 million. Highwoods Properties had a return on equity of 3.97% and a net margin of 11.64%.Highwoods Properties’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the company earned $0.83 earnings per share. Highwoods Properties has set its FY 2026 guidance at 3.400-3.68 EPS. On average, sell-side analysts expect that Highwoods Properties, Inc. will post 3.53 EPS for the current year.

Highwoods Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Monday, May 18th will be given a $0.50 dividend. The ex-dividend date is Monday, May 18th. This represents a $2.00 dividend on an annualized basis and a yield of 7.8%. Highwoods Properties’s dividend payout ratio (DPR) is currently 238.10%.

Highwoods Properties announced that its Board of Directors has initiated a share repurchase program on Wednesday, April 22nd that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 9.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.