Highwoods Properties, Inc. $HIW Shares Bought by Inscription Capital LLC

Inscription Capital LLC raised its stake in shares of Highwoods Properties, Inc. (NYSE:HIW) by 185.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,370 shares of the real estate investment trust’s stock after acquiring an additional 26,211 shares during the period. Inscription Capital LLC’s holdings in Highwoods Properties were worth $1,285,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. State Street Corp boosted its position in shares of Highwoods Properties by 1.3% during the 2nd quarter. State Street Corp now owns 6,564,027 shares of the real estate investment trust’s stock worth $204,076,000 after purchasing an additional 86,506 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Highwoods Properties by 3.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,302,750 shares of the real estate investment trust’s stock worth $200,554,000 after buying an additional 205,761 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Highwoods Properties by 0.4% in the second quarter. Daiwa Securities Group Inc. now owns 2,190,938 shares of the real estate investment trust’s stock valued at $68,116,000 after buying an additional 8,525 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Highwoods Properties by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 2,046,968 shares of the real estate investment trust’s stock valued at $63,650,000 after buying an additional 23,168 shares during the period. Finally, Sei Investments Co. raised its holdings in shares of Highwoods Properties by 19.6% in the 2nd quarter. Sei Investments Co. now owns 1,613,516 shares of the real estate investment trust’s stock valued at $50,164,000 after buying an additional 264,587 shares during the period. 96.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on HIW. Wolfe Research began coverage on Highwoods Properties in a research report on Wednesday, October 8th. They issued an “outperform” rating and a $38.00 target price for the company. Deutsche Bank Aktiengesellschaft upgraded shares of Highwoods Properties from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Tuesday, January 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Highwoods Properties in a report on Wednesday, October 8th. Morgan Stanley raised their price target on shares of Highwoods Properties from $23.00 to $24.00 and gave the company an “underweight” rating in a research report on Tuesday, October 21st. Finally, Wells Fargo & Company cut 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. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $30.75.

Highwoods Properties Trading Down 1.7%

NYSE HIW opened at $27.09 on Wednesday. Highwoods Properties, Inc. has a 52 week low of $24.18 and a 52 week high of $32.76. The firm has a 50 day moving average of $26.72 and a two-hundred day moving average of $29.09. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $2.98 billion, a PE ratio of 23.15 and a beta of 1.07.

Highwoods Properties (NYSE:HIW) last released 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. The business had revenue of $201.77 million during 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 revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.90 EPS. Highwoods Properties has set its FY 2025 guidance at 3.410-3.45 EPS. As a group, research analysts expect that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 17th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend was Monday, November 17th. Highwoods Properties’s dividend payout ratio (DPR) is 170.94%.

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.