18,972 Shares in Highwoods Properties, Inc. $HIW Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new stake in shares of Highwoods Properties, Inc. (NYSE:HIW) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,972 shares of the real estate investment trust’s stock, valued at approximately $572,000.

Other institutional investors have also bought and sold shares of the company. Royal Bank of Canada raised its position in shares of Highwoods Properties by 12.7% during the 1st quarter. Royal Bank of Canada now owns 177,942 shares of the real estate investment trust’s stock valued at $5,275,000 after buying an additional 19,998 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Highwoods Properties by 15.5% in the first quarter. Goldman Sachs Group Inc. now owns 822,655 shares of the real estate investment trust’s stock worth $24,383,000 after acquiring an additional 110,489 shares in the last quarter. Empowered Funds LLC grew its position in 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 worth $393,000 after acquiring an additional 1,248 shares in the last quarter. Geneos Wealth Management Inc. increased its stake 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 worth $50,000 after acquiring an additional 1,252 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in Highwoods Properties by 9.4% during the second quarter. Cetera Investment Advisers now owns 17,846 shares of the real estate investment trust’s stock worth $555,000 after acquiring an additional 1,534 shares during the last quarter. Institutional investors own 96.31% of the company’s stock.

Analyst Ratings Changes

HIW has been the subject of several analyst reports. Weiss Ratings raised Highwoods Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Wells Fargo & Company boosted their target price on Highwoods Properties from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Mizuho increased their price target on Highwoods Properties from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Citigroup increased their price target on Highwoods Properties from $24.00 to $34.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Finally, Morgan Stanley raised their price target on Highwoods Properties from $23.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $31.67.

Highwoods Properties Stock Performance

Highwoods Properties stock opened at $31.16 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a market capitalization of $3.44 billion, a P/E ratio of 20.50 and a beta of 1.05. Highwoods Properties, Inc. has a 1-year low of $20.45 and a 1-year high of $35.44. The company’s 50-day moving average is $31.76 and its 200 day moving average is $26.86.

Highwoods Properties (NYSE:HIW) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01). Highwoods Properties had a net margin of 20.74% and a return on equity of 7.06%. The business had revenue of $216.38 million for the quarter, compared to analysts’ expectations of $212.15 million. During the same quarter last year, the firm earned $0.89 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. Research analysts forecast that Highwoods Properties, Inc. will post 3.53 EPS for the current year.

Highwoods Properties Dividend Announcement

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