Highwoods Properties, Inc. $HIW Shares Acquired by Advisory Services Network LLC

Advisory Services Network LLC boosted its holdings in Highwoods Properties, Inc. (NYSE:HIW) by 38.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 123,169 shares of the real estate investment trust’s stock after purchasing an additional 34,165 shares during the period. Advisory Services Network LLC owned about 0.11% of Highwoods Properties worth $3,573,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Geneos Wealth Management Inc. lifted its position 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 purchasing an additional 1,252 shares during the last quarter. MAI Capital Management raised its stake 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 valued at $56,000 after buying an additional 725 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Highwoods Properties by 97.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,242 shares of the real estate investment trust’s stock valued at $70,000 after buying an additional 1,106 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Highwoods Properties by 562.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,552 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 2,167 shares during the last quarter. Finally, Bayforest Capital Ltd acquired a new position in shares of Highwoods Properties in the 1st quarter worth approximately $82,000. 96.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HIW. Morgan Stanley upped their price target on Highwoods Properties from $23.00 to $24.00 and gave the company an “underweight” rating in a research report on Tuesday, October 21st. Wells Fargo & Company dropped their target price on shares of Highwoods Properties from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, November 10th. Wall Street Zen upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Truist Financial boosted 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Highwoods Properties in a research note on Wednesday, October 8th. 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. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $31.00.

Highwoods Properties Price Performance

NYSE HIW opened at $25.66 on Wednesday. The company has a 50-day moving average price of $28.32 and a two-hundred day moving average price of $29.95. Highwoods Properties, Inc. has a 52 week low of $24.18 and a 52 week high of $32.76. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 21.93 and a beta of 1.06. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.44.

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

Highwoods Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 17th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date was Monday, November 17th. Highwoods Properties’s payout ratio is 170.94%.

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.