36,733 Shares in Highwoods Properties, Inc. $HIW Purchased by Capital Fund Management S.A.

Capital Fund Management S.A. bought a new stake in Highwoods Properties, Inc. (NYSE:HIW) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 36,733 shares of the real estate investment trust’s stock, valued at approximately $1,142,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. lifted its holdings in shares of Highwoods Properties by 292.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,680 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 1,252 shares during the last quarter. MAI Capital Management increased its position in 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 acquiring an additional 725 shares during the period. Bayforest Capital Ltd acquired a new position in Highwoods Properties during the 1st quarter valued at $82,000. Smartleaf Asset Management LLC raised its stake in Highwoods Properties by 25.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,060 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 626 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in Highwoods Properties by 478.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 3,090 shares of the real estate investment trust’s stock valued at $96,000 after purchasing an additional 2,556 shares during the period. 96.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HIW has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Highwoods Properties in a report on Wednesday, October 8th. Truist Financial boosted their price target on Highwoods Properties from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Wednesday, September 3rd. Wall Street Zen cut Highwoods Properties from a “hold” rating to a “sell” rating in a report on Sunday, October 19th. Wolfe Research began coverage on Highwoods Properties in a report on Wednesday, October 8th. They set an “outperform” rating and a $38.00 price objective on the stock. Finally, Wells Fargo & Company lowered their price objective 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 issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.00.

Insider Buying and Selling at Highwoods Properties

In related news, Director David John Hartzell sold 4,300 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $32.10, for a total transaction of $138,030.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.90% of the company’s stock.

Highwoods Properties Stock Down 2.2%

NYSE HIW opened at $26.55 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.44. The stock’s 50 day moving average is $29.28 and its two-hundred day moving average is $30.15. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 22.69 and a beta of 1.06. Highwoods Properties, Inc. has a 1-year low of $24.18 and a 1-year high of $32.76.

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

Highwoods Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 17th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Monday, November 17th. Highwoods Properties’s payout ratio is currently 170.94%.

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.