Caprock Group LLC Invests $1.86 Million in Highwoods Properties, Inc. $HIW

Caprock Group LLC acquired a new stake in shares of Highwoods Properties, Inc. (NYSE:HIW) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 58,093 shares of the real estate investment trust’s stock, valued at approximately $1,860,000. Caprock Group LLC owned about 0.05% of Highwoods Properties as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HIW. Truist Financial Corp grew its holdings in shares of Highwoods Properties by 5.0% during the second quarter. Truist Financial Corp now owns 9,146 shares of the real estate investment trust’s stock worth $284,000 after buying an additional 434 shares in the last quarter. Samalin Investment Counsel LLC boosted its position in Highwoods Properties by 5.0% during the third quarter. Samalin Investment Counsel LLC now owns 9,075 shares of the real estate investment trust’s stock worth $289,000 after acquiring an additional 435 shares during the last quarter. Arizona State Retirement System raised its holdings in Highwoods Properties by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 31,902 shares of the real estate investment trust’s stock valued at $1,015,000 after acquiring an additional 443 shares during the last quarter. Amalgamated Bank lifted its stake in shares of Highwoods Properties by 1.4% during the 3rd quarter. Amalgamated Bank now owns 32,927 shares of the real estate investment trust’s stock worth $1,048,000 after purchasing an additional 467 shares during the period. Finally, California State Teachers Retirement System boosted its holdings in shares of Highwoods Properties by 0.5% during the second quarter. California State Teachers Retirement System now owns 98,051 shares of the real estate investment trust’s stock worth $3,048,000 after purchasing an additional 489 shares during the last quarter. 96.31% of the stock is currently owned by hedge funds and other institutional investors.

Highwoods Properties Trading Up 4.8%

NYSE HIW opened at $23.10 on Friday. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 15.82 and a beta of 1.06. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.39 and a current ratio of 1.41. Highwoods Properties, Inc. has a one year low of $21.56 and a one year high of $32.76. The company’s 50 day moving average price is $25.94 and its 200 day moving average price is $28.45.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.58). The business had revenue of $203.36 million during the quarter, compared to analyst estimates of $208.08 million. Highwoods Properties had a return on equity of 6.86% and a net margin of 20.10%.Highwoods Properties’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 EPS. Highwoods Properties has set its FY 2026 guidance at 3.400-3.680 EPS. On average, sell-side analysts predict 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, March 10th. Stockholders of record on Tuesday, February 17th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.7%. Highwoods Properties’s dividend payout ratio (DPR) is 136.99%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Highwoods Properties in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft upgraded shares of Highwoods Properties from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Tuesday, January 6th. Morgan Stanley raised their target price on shares of Highwoods Properties from $23.00 to $24.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 21st. Wells Fargo & Company dropped their price target on shares of Highwoods Properties from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. Finally, Wall Street Zen upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Highwoods Properties has an average rating of “Hold” and an average price target of $30.75.

Highwoods Properties 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.