B&I Capital AG Purchases 36,460 Shares of Highwoods Properties, Inc. $HIW

B&I Capital AG grew its holdings in Highwoods Properties, Inc. (NYSE:HIW) by 21.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 204,510 shares of the real estate investment trust’s stock after purchasing an additional 36,460 shares during the quarter. Highwoods Properties comprises about 2.2% of B&I Capital AG’s investment portfolio, making the stock its 21st largest position. B&I Capital AG owned 0.19% of Highwoods Properties worth $6,358,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Avalon Trust Co acquired a new position in Highwoods Properties in the first quarter valued at approximately $35,000. Geneos Wealth Management Inc. lifted its position in Highwoods Properties by 292.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,680 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 1,252 shares in the last quarter. MAI Capital Management boosted its position in shares of Highwoods Properties by 67.3% during the second quarter. MAI Capital Management now owns 1,803 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 725 shares during the period. Bayforest Capital Ltd acquired a new position in Highwoods Properties during the 1st quarter worth approximately $82,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Highwoods Properties by 25.7% during the first quarter. Smartleaf Asset Management LLC now owns 3,060 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 626 shares during the last quarter. 96.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Truist Financial lifted their price objective on shares of Highwoods Properties from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Wednesday, September 3rd. New Street Research set a $30.00 price objective on Highwoods Properties in a report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Highwoods Properties in a report on Wednesday, October 8th. Wall Street Zen lowered Highwoods Properties from a “hold” rating to a “sell” rating in a report on Sunday, October 19th. Finally, Wells Fargo & Company decreased their target price on Highwoods Properties from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Monday, November 10th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $31.00.

Highwoods Properties Price Performance

Shares of NYSE HIW opened at $27.88 on Thursday. The company has a market capitalization of $3.06 billion, a PE ratio of 23.83 and a beta of 1.20. The company has a quick ratio of 1.38, a current ratio of 1.39 and a debt-to-equity ratio of 1.44. The stock’s 50 day moving average price is $29.79 and its 200-day moving average price is $30.27. Highwoods Properties, Inc. has a twelve month low of $24.18 and a twelve month high of $33.11.

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

Highwoods Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Monday, November 17th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, November 17th. This represents a $2.00 annualized dividend and a yield of 7.2%. Highwoods Properties’s payout ratio is presently 170.94%.

Insider Activity

In related news, Director David John Hartzell sold 4,300 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $32.10, for a total value of $138,030.00. Following the completion of the sale, the director owned 27,489 shares in the company, valued at $882,396.90. The trade was a 13.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.90% of the company’s stock.

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.