351,950 Shares in Highwoods Properties, Inc. $HIW Acquired by Corient Private Wealth LP

Corient Private Wealth LP bought a new position in Highwoods Properties, Inc. (NYSE:HIW) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 351,950 shares of the real estate investment trust’s stock, valued at approximately $10,615,000.

Several other large investors have also recently bought and sold shares of HIW. BlackRock Inc. purchased a new position in shares of Highwoods Properties during the 2nd quarter valued at $633,717,000. CORDA Investment Management LLC. purchased a new stake in shares of Highwoods Properties in the second quarter worth $38,747,000. Bank of New York Mellon Corp bought a new stake in Highwoods Properties during the second quarter valued at $38,595,000. Bank of America Corp DE bought a new stake in Highwoods Properties during the second quarter valued at $36,285,000. Finally, Quantinno Capital Management LP boosted its stake in Highwoods Properties by 133.8% during the first quarter. Quantinno Capital Management LP now owns 1,808,104 shares of the real estate investment trust’s stock valued at $38,712,000 after buying an additional 1,034,694 shares during the period. 96.31% of the stock is owned by institutional investors.

Highwoods Properties Price Performance

Shares of Highwoods Properties stock opened at $31.16 on Friday. Highwoods Properties, Inc. has a 52-week low of $20.45 and a 52-week high of $35.44. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 20.50 and a beta of 1.05. The company has a fifty day moving average of $31.76 and a 200-day moving average of $26.86. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.68 and a current ratio of 1.68.

Highwoods Properties (NYSE:HIW) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.85 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 analysts’ expectations of $212.15 million. Highwoods Properties had a return on equity of 7.06% and a net margin of 20.74%.Highwoods Properties’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.89 EPS. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. Equities research analysts expect that Highwoods Properties, Inc. will post 3.53 EPS for the current year.

Highwoods Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th will be issued a $0.50 dividend. The ex-dividend date is Monday, August 17th. This represents a $2.00 annualized dividend and a dividend yield of 6.4%. Highwoods Properties’s payout ratio is currently 131.58%.

Wall Street Analyst Weigh In

HIW has been the topic of a number of research analyst reports. Wells Fargo & Company upped their target price on Highwoods Properties from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Citigroup lifted their price target on Highwoods Properties from $24.00 to $34.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Truist Financial upped their price objective on shares of Highwoods Properties from $23.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Weiss Ratings upgraded shares of Highwoods Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Finally, Mizuho raised their target price on shares of Highwoods Properties from $25.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $31.67.

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.