IFM Investors Pty Ltd Has $534,000 Stock Position in Highwoods Properties, Inc. $HIW

IFM Investors Pty Ltd lessened its holdings in Highwoods Properties, Inc. (NYSE:HIW) by 18.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,177 shares of the real estate investment trust’s stock after selling 3,928 shares during the quarter. IFM Investors Pty Ltd’s holdings in Highwoods Properties were worth $534,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of HIW. Massachusetts Financial Services Co. MA raised its stake in Highwoods Properties by 87.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 6,118,701 shares of the real estate investment trust’s stock worth $181,358,000 after purchasing an additional 2,852,877 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Highwoods Properties by 15.1% during the first quarter. Invesco Ltd. now owns 2,959,480 shares of the real estate investment trust’s stock worth $87,719,000 after purchasing an additional 388,332 shares during the period. Nuveen LLC acquired a new stake in shares of Highwoods Properties in the first quarter valued at approximately $9,331,000. Eisler Capital Management Ltd. acquired a new stake in shares of Highwoods Properties in the first quarter valued at approximately $6,811,000. Finally, Adage Capital Partners GP L.L.C. boosted its stake in shares of Highwoods Properties by 66.3% in the first quarter. Adage Capital Partners GP L.L.C. now owns 549,136 shares of the real estate investment trust’s stock valued at $16,276,000 after buying an additional 218,980 shares during the period. 96.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Highwoods Properties news, Director David John Hartzell sold 4,300 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $32.10, for a total transaction of $138,030.00. Following the sale, the director owned 27,489 shares of the company’s stock, valued at approximately $882,396.90. The trade was a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

HIW has been the subject of several analyst reports. Wall Street Zen raised Highwoods Properties from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Mizuho boosted 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. Finally, Truist Financial increased their price objective on shares of Highwoods Properties from $32.00 to $33.00 and gave the stock a “hold” rating in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Highwoods Properties currently has an average rating of “Hold” and a consensus target price of $32.17.

Highwoods Properties Price Performance

Shares of HIW stock opened at $31.78 on Wednesday. The business has a fifty day simple moving average of $30.43 and a 200 day simple moving average of $29.81. The company has a market cap of $3.43 billion, a P/E ratio of 26.70 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 twelve month low of $24.18 and a twelve month high of $36.78.

Highwoods Properties (NYSE:HIW) last issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.89 EPS for the quarter, topping the consensus estimate of $0.85 by $0.04. The firm had revenue of $200.60 million during the quarter, compared to the consensus estimate of $203.22 million. Highwoods Properties had a return on equity of 5.57% and a net margin of 16.15%.The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.98 earnings per share. Highwoods Properties has set its FY 2025 guidance at 3.370-3.450 EPS. On average, sell-side analysts forecast 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. Shareholders of record on Monday, August 18th were given 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 currently 168.07%.

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.