Massachusetts Financial Services Co. MA Purchases 205,761 Shares of Highwoods Properties, Inc. $HIW

Massachusetts Financial Services Co. MA raised its position in Highwoods Properties, Inc. (NYSE:HIW) by 3.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,302,750 shares of the real estate investment trust’s stock after acquiring an additional 205,761 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 5.83% of Highwoods Properties worth $200,554,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. SJS Investment Consulting Inc. bought a new stake in shares of Highwoods Properties in the third quarter worth about $49,000. Geneos Wealth Management Inc. lifted its holdings 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 worth $50,000 after buying an additional 1,252 shares during the period. MAI Capital Management grew its position in shares of Highwoods Properties by 67.3% in the 2nd 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 last quarter. EverSource Wealth Advisors LLC grew its position in shares of Highwoods Properties by 97.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,242 shares of the real estate investment trust’s stock worth $70,000 after buying an additional 1,106 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Highwoods Properties by 562.9% during the second quarter. Tower Research Capital LLC TRC now owns 2,552 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 2,167 shares during the period. 96.31% of the stock is currently owned by hedge funds and other institutional investors.

Highwoods Properties Price Performance

HIW opened at $27.52 on Tuesday. The stock has a fifty day simple moving average of $26.77 and a two-hundred day simple moving average of $29.12. 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 company has a market cap of $3.02 billion, a price-to-earnings ratio of 23.52 and a beta of 1.07. Highwoods Properties, Inc. has a 12-month low of $24.18 and a 12-month high of $32.76.

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

Highwoods Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 17th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date was Monday, November 17th. Highwoods Properties’s dividend payout ratio is 170.94%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wells Fargo & Company dropped their price target on Highwoods Properties from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Highwoods Properties in a research report on Wednesday, October 8th. Wolfe Research initiated coverage on shares of Highwoods Properties in a research report on Wednesday, October 8th. They issued an “outperform” rating and a $38.00 target price for the company. Morgan Stanley lifted their target price on shares of Highwoods Properties from $23.00 to $24.00 and gave the company an “underweight” rating in a research note on Tuesday, October 21st. Finally, Wall Street Zen upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Saturday. Three 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 stock currently has an average rating of “Hold” and an average target price of $30.75.

Highwoods Properties Company Profile

Highwoods Properties, Inc is a publicly traded real estate investment trust (REIT) that acquires, develops, leases and manages office properties. The company’s portfolio is primarily focused on Class A office space, with an emphasis on high-quality buildings in key urban and suburban submarkets. Highwoods seeks to generate long-term, recurring revenues through a mix of in-place lease renewals, strategic dispositions and build-to-suit developments. Its asset management platform drives operational efficiencies and tenant service initiatives across its holdings.

Founded in 1970 and headquartered in Raleigh, North Carolina, Highwoods Properties has expanded its presence to eight major metropolitan regions across the Southeastern United States and Texas.