Teacher Retirement System of Texas Has $1.21 Million Stock Holdings in Highwoods Properties, Inc. $HIW

Teacher Retirement System of Texas boosted its stake in shares of Highwoods Properties, Inc. (NYSE:HIW) by 34.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,830 shares of the real estate investment trust’s stock after purchasing an additional 9,910 shares during the period. Teacher Retirement System of Texas’ holdings in Highwoods Properties were worth $1,207,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA boosted its position in Highwoods Properties by 87.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 6,118,701 shares of the real estate investment trust’s stock valued at $181,358,000 after purchasing an additional 2,852,877 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Highwoods Properties by 0.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,660,872 shares of the real estate investment trust’s stock valued at $108,509,000 after buying an additional 10,331 shares during the last quarter. Invesco Ltd. lifted its position in shares of Highwoods Properties by 15.1% in the first quarter. Invesco Ltd. now owns 2,959,480 shares of the real estate investment trust’s stock valued at $87,719,000 after buying an additional 388,332 shares during the last quarter. Northern Trust Corp lifted its position in shares of Highwoods Properties by 7.3% in the first quarter. Northern Trust Corp now owns 1,989,894 shares of the real estate investment trust’s stock valued at $58,980,000 after buying an additional 135,059 shares during the last quarter. Finally, Aew Capital Management L P lifted its position in shares of Highwoods Properties by 13.3% in the first quarter. Aew Capital Management L P now owns 1,158,110 shares of the real estate investment trust’s stock valued at $34,326,000 after buying an additional 136,200 shares during the last quarter. 96.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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 stock was sold at an average price of $32.10, for a total transaction of $138,030.00. Following the transaction, the director owned 27,489 shares in the company, valued at $882,396.90. This trade represents a 13.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by company insiders.

Highwoods Properties Price Performance

Shares of NYSE HIW opened at $28.76 on Thursday. The firm has a market cap of $3.16 billion, a P/E ratio of 24.58 and a beta of 1.20. The company has a current ratio of 1.39, a quick ratio of 1.38 and a debt-to-equity ratio of 1.44. Highwoods Properties, Inc. has a 1-year low of $24.18 and a 1-year high of $34.22. The business’s 50 day moving average is $30.84 and its 200-day moving average is $30.31.

Highwoods Properties (NYSE:HIW) last announced its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.86 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.86. The company had revenue of $201.77 million for the quarter, compared to analyst estimates of $205.74 million. Highwoods Properties had a return on equity of 5.48% and a net margin of 15.98%.The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 earnings per share. Highwoods Properties has set its FY 2025 guidance at 3.410-3.45 EPS. Equities research analysts predict that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Monday, November 17th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date is Monday, November 17th. Highwoods Properties’s dividend payout ratio (DPR) is 170.94%.

Analyst Ratings Changes

A number of analysts have recently issued reports on HIW shares. New Street Research set a $30.00 price objective on Highwoods Properties in a research report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Highwoods Properties in a research report on Wednesday, October 8th. 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. Wolfe Research started coverage on Highwoods Properties in a research report on Wednesday, October 8th. They issued an “outperform” rating and a $38.00 price objective for the company. Finally, Morgan Stanley raised their price objective on Highwoods Properties from $23.00 to $24.00 and gave the company an “underweight” rating in a research report on Tuesday, October 21st. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $31.14.

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.