Strs Ohio Invests $5.15 Million in Highwoods Properties, Inc. $HIW

Strs Ohio acquired a new stake in shares of Highwoods Properties, Inc. (NYSE:HIW) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 173,618 shares of the real estate investment trust’s stock, valued at approximately $5,146,000. Strs Ohio owned about 0.16% of Highwoods Properties at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its holdings in 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 acquiring an additional 1,252 shares during the period. Bayforest Capital Ltd bought a new position in Highwoods Properties in the first quarter valued at about $82,000. SCS Capital Management LLC bought a new position in Highwoods Properties in the first quarter valued at about $447,000. Empowered Funds LLC raised its stake in shares of 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 buying an additional 1,248 shares during the period. Finally, Caxton Associates LLP bought a new position in shares of Highwoods Properties in the first quarter worth about $565,000. Institutional investors own 96.31% of the company’s stock.

Wall Street Analyst Weigh In

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

Highwoods Properties Stock Performance

NYSE HIW opened at $32.40 on Monday. The stock has a market capitalization of $3.50 billion, a PE ratio of 27.23 and a beta of 1.27. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.38 and a quick ratio of 1.38. The business has a 50 day simple moving average of $30.33 and a two-hundred day simple moving average of $29.67. Highwoods Properties, Inc. has a 1-year low of $24.18 and a 1-year high of $36.78.

Highwoods Properties (NYSE:HIW) last announced its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.04. The firm had revenue of $200.60 million during the quarter, compared to analysts’ expectations of $203.22 million. Highwoods Properties had a return on equity of 5.57% and a net margin of 16.15%.The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 EPS. Highwoods Properties has set its FY 2025 guidance at 3.370-3.450 EPS. On average, research analysts predict that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

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

About Highwoods Properties

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.