Paralel Advisors LLC Buys Shares of 79,800 Highwoods Properties, Inc. $HIW

Paralel Advisors LLC bought a new position in shares of Highwoods Properties, Inc. (NYSE:HIW) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 79,800 shares of the real estate investment trust’s stock, valued at approximately $2,407,000.

Several other institutional investors also recently modified their holdings of HIW. Caitong International Asset Management Co. Ltd increased its stake in shares of Highwoods Properties by 88.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 792 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 372 shares during the last quarter. Elevation Wealth Partners LLC boosted its stake in Highwoods Properties by 752.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 1,065 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 940 shares during the last quarter. Allworth Financial LP bought a new position in Highwoods Properties during the 2nd quarter worth approximately $38,000. Geneos Wealth Management Inc. grew its holdings in Highwoods Properties by 292.5% during 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 during the period. Finally, Farther Finance Advisors LLC grew its holdings in Highwoods Properties by 285.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,983 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 1,469 shares during the period. 96.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on HIW shares. Truist Financial upped their target price on shares of Highwoods Properties from $23.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, June 26th. Weiss Ratings raised shares of Highwoods Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Mizuho boosted their price target on shares of Highwoods Properties from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Wells Fargo & Company upped their price objective on shares of Highwoods Properties from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Finally, Deutsche Bank Aktiengesellschaft downgraded Highwoods Properties from a “buy” rating to a “hold” rating and set a $33.00 price objective on the stock. in a research note on Wednesday, August 5th. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $31.67.

Highwoods Properties Price Performance

Shares of HIW opened at $31.50 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a 50 day simple moving average of $31.50 and a 200 day simple moving average of $26.63. Highwoods Properties, Inc. has a 52-week low of $20.45 and a 52-week high of $35.44. The firm has a market capitalization of $3.47 billion, a PE ratio of 20.72 and a beta of 1.05.

Highwoods Properties (NYSE:HIW) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The business had revenue of $216.38 million for the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $0.89 earnings per share. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. Sell-side analysts predict that Highwoods Properties, Inc. will post 3.53 EPS for the current fiscal 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 given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.00 annualized dividend and a dividend yield of 6.3%. Highwoods Properties’s dividend payout ratio is currently 131.58%.

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.