Inspire Investing LLC Cuts Stock Position in Highwoods Properties, Inc. $HIW

Inspire Investing LLC trimmed its position in shares of Highwoods Properties, Inc. (NYSE:HIW) by 12.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,548 shares of the real estate investment trust’s stock after selling 1,654 shares during the quarter. Inspire Investing LLC’s holdings in Highwoods Properties were worth $342,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. POM Investment Strategies LLC acquired a new position in Highwoods Properties during the first quarter worth $28,000. Avalon Trust Co acquired a new position in Highwoods Properties during the first quarter worth $35,000. Geneos Wealth Management Inc. boosted 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 buying an additional 1,252 shares during the last quarter. GF Fund Management CO. LTD. acquired a new position in Highwoods Properties during the fourth quarter worth $59,000. Finally, Spirit of America Management Corp NY acquired a new position in Highwoods Properties during the first quarter worth $59,000. 96.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on HIW. Wall Street Zen raised Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Truist Financial upped their price target on Highwoods Properties from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Wednesday, September 3rd. Finally, Mizuho upped their price target on Highwoods Properties from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday, July 14th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Highwoods Properties currently has an average rating of “Hold” and an average target price of $32.17.

Highwoods Properties Stock Down 1.1%

Shares of NYSE HIW opened at $31.85 on Thursday. The stock has a market cap of $3.44 billion, a PE ratio of 26.76 and a beta of 1.27. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.42. Highwoods Properties, Inc. has a 52-week low of $24.18 and a 52-week high of $36.78. The business has a 50-day moving average price of $30.40 and a 200 day moving average price of $29.72.

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

Highwoods Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Investors 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 yield of 6.3%. Highwoods Properties’s dividend payout ratio (DPR) is presently 168.07%.

Highwoods Properties 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.