Amundi Sells 4,913 Shares of Highwoods Properties, Inc. $HIW

Amundi cut its stake in Highwoods Properties, Inc. (NYSE:HIW) by 4.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,207 shares of the real estate investment trust’s stock after selling 4,913 shares during the period. Amundi owned 0.10% of Highwoods Properties worth $2,936,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of HIW. Wealth Enhancement Advisory Services LLC lifted its position in Highwoods Properties by 5.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,105 shares of the real estate investment trust’s stock valued at $248,000 after purchasing an additional 383 shares during the period. GAMMA Investing LLC lifted its position in Highwoods Properties by 10.3% during the 1st quarter. GAMMA Investing LLC now owns 5,278 shares of the real estate investment trust’s stock valued at $156,000 after purchasing an additional 493 shares during the period. PNC Financial Services Group Inc. lifted its position in Highwoods Properties by 7.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,908 shares of the real estate investment trust’s stock valued at $205,000 after purchasing an additional 496 shares during the period. US Bancorp DE lifted its position in Highwoods Properties by 2.5% during the 1st quarter. US Bancorp DE now owns 22,514 shares of the real estate investment trust’s stock valued at $667,000 after purchasing an additional 558 shares during the period. Finally, Cerity Partners LLC lifted its position in Highwoods Properties by 3.4% during the 1st quarter. Cerity Partners LLC now owns 17,106 shares of the real estate investment trust’s stock valued at $507,000 after purchasing an additional 560 shares during the period. 96.31% of the stock is owned by institutional investors.

Highwoods Properties Stock Performance

Shares of NYSE:HIW opened at $32.31 on Friday. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 27.15 and a beta of 1.27. The firm’s 50 day simple moving average is $30.31 and its 200 day simple moving average is $29.63. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.38 and a quick ratio of 1.38. Highwoods Properties, Inc. has a fifty-two week low of $24.18 and a fifty-two week high of $36.78.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. The business had revenue of $200.60 million for the quarter, compared to the consensus estimate of $203.22 million. Highwoods Properties had a net margin of 16.15% and a return on equity of 5.57%. Highwoods Properties’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the company posted $0.98 EPS. Highwoods Properties has set its FY 2025 guidance at 3.370-3.450 EPS. As a group, sell-side analysts forecast that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 18th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Monday, August 18th. Highwoods Properties’s dividend payout ratio is presently 168.07%.

Analyst Ratings Changes

HIW has been the topic of a number of research reports. Mizuho upped their target price on shares of Highwoods Properties from $29.00 to $30.00 and gave the company a “neutral” rating in a research report on Monday, July 14th. Wells Fargo & Company cut their target price on shares of Highwoods Properties from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Monday, May 19th. Truist Financial upped their target price on shares of Highwoods Properties from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Wednesday, September 3rd. Finally, Wall Street Zen downgraded shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $32.17.

Highwoods Properties Company Profile

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.