Park Avenue Securities LLC Acquires 1,173 Shares of Highwoods Properties, Inc. $HIW

Park Avenue Securities LLC increased its position in Highwoods Properties, Inc. (NYSE:HIW) by 16.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,396 shares of the real estate investment trust’s stock after buying an additional 1,173 shares during the period. Park Avenue Securities LLC’s holdings in Highwoods Properties were worth $261,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cerity Partners LLC lifted its position in shares of 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 worth $507,000 after buying an additional 560 shares in the last quarter. Principal Financial Group Inc. raised its stake in Highwoods Properties by 4.0% in the first quarter. Principal Financial Group Inc. now owns 534,155 shares of the real estate investment trust’s stock valued at $15,832,000 after purchasing an additional 20,458 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in Highwoods Properties by 35.7% during the first quarter. Teacher Retirement System of Texas now owns 28,920 shares of the real estate investment trust’s stock worth $857,000 after purchasing an additional 7,601 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of 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 last quarter. Finally, GAMMA Investing LLC increased its stake in Highwoods Properties by 10.3% in the 1st quarter. GAMMA Investing LLC now owns 5,278 shares of the real estate investment trust’s stock worth $156,000 after purchasing an additional 493 shares during the period. 96.31% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Highwoods Properties

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

Highwoods Properties Stock Performance

Shares of Highwoods Properties stock opened at $32.08 on Thursday. The company has a market capitalization of $3.47 billion, a PE ratio of 26.96 and a beta of 1.24. The stock’s fifty day moving average is $30.53 and its two-hundred day moving average is $29.93. Highwoods Properties, Inc. has a 52 week low of $24.18 and a 52 week high of $36.78. 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 (NYSE:HIW) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.89 earnings per share (EPS) for the quarter, topping 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 company had revenue of $200.60 million for the quarter, compared to analysts’ expectations of $203.22 million. During the same quarter in the prior year, the firm earned $0.98 earnings per share. Highwoods Properties’s 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. As a group, analysts expect 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 annualized dividend and a yield of 6.2%. The ex-dividend date was Monday, August 18th. Highwoods Properties’s payout ratio is 168.07%.

Analysts Set New Price Targets

A number of analysts recently commented on HIW shares. Truist Financial raised their price target on Highwoods Properties from $32.00 to $33.00 and gave the stock a “hold” rating in a research note on Wednesday, September 3rd. Wall Street Zen raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Mizuho raised their target price on Highwoods Properties from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Highwoods Properties presently has an average rating of “Hold” and a consensus target price of $31.60.

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.