KLP Kapitalforvaltning AS Has $700,000 Holdings in Highwoods Properties, Inc. $HIW

KLP Kapitalforvaltning AS grew its position in Highwoods Properties, Inc. (NYSE:HIW) by 8.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,500 shares of the real estate investment trust’s stock after acquiring an additional 1,700 shares during the period. KLP Kapitalforvaltning AS’s holdings in Highwoods Properties were worth $700,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Highwoods Properties in the second quarter valued at about $449,000. Ameriflex Group Inc. purchased a new position in shares of Highwoods Properties in the second quarter valued at $324,000. QRG Capital Management Inc. raised its position in shares of Highwoods Properties by 4.5% in the second quarter. QRG Capital Management Inc. now owns 25,748 shares of the real estate investment trust’s stock worth $801,000 after buying an additional 1,105 shares in the last quarter. Truist Financial Corp grew its stake in Highwoods Properties by 5.0% in the 2nd quarter. Truist Financial Corp now owns 9,146 shares of the real estate investment trust’s stock worth $284,000 after buying an additional 434 shares in the last quarter. Finally, GC Wealth Management RIA LLC boosted its position in Highwoods Properties by 4.2% during the second quarter. GC Wealth Management RIA LLC now owns 12,205 shares of the real estate investment trust’s stock valued at $379,000 after buying an additional 489 shares during the period. Institutional investors own 96.31% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Truist Financial raised their price objective on Highwoods Properties from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Wednesday, September 3rd. Mizuho raised their target price on shares of Highwoods Properties from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Highwoods Properties in a research note on Wednesday, October 8th. Wall Street Zen raised Highwoods Properties from a “sell” rating to a “hold” rating in a report on Saturday, October 11th. Finally, New Street Research set a $30.00 price target on Highwoods Properties in a report on Monday. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $32.29.

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 dated Wednesday, September 17th. The stock was sold at an average price of $32.10, for a total value of $138,030.00. Following the transaction, the director directly owned 27,489 shares of the company’s stock, valued at $882,396.90. This trade represents a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Highwoods Properties Stock Down 1.4%

Shares of NYSE:HIW opened at $29.71 on Friday. The firm’s 50 day moving average price is $30.91 and its 200 day moving average price is $30.07. 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 fifty-two week low of $24.18 and a fifty-two week high of $36.78. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 24.97 and a beta of 1.24.

Highwoods Properties (NYSE:HIW) last released 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 net margin of 16.15% and a return on equity of 5.57%. The firm had revenue of $200.60 million during the quarter, compared to the consensus estimate of $203.22 million. During the same quarter in the prior year, the firm earned $0.98 EPS. Highwoods Properties’s revenue for the quarter was down 2.0% on a year-over-year basis. Highwoods Properties has set its FY 2025 guidance at 3.370-3.450 EPS. As a group, equities research analysts predict that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Monday, August 18th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 6.7%. The ex-dividend date was Monday, August 18th. Highwoods Properties’s dividend payout ratio is presently 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.