Highwoods Properties, Inc. $HIW Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW) by 11.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 293,559 shares of the real estate investment trust’s stock after purchasing an additional 29,750 shares during the quarter. Envestnet Asset Management Inc. owned 0.27% of Highwoods Properties worth $9,341,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Penserra Capital Management LLC grew its stake in Highwoods Properties by 3.5% during the third quarter. Penserra Capital Management LLC now owns 46,176 shares of the real estate investment trust’s stock worth $1,469,000 after buying an additional 1,551 shares during the period. B&I Capital AG lifted its holdings in shares of Highwoods Properties by 4.1% during the 3rd quarter. B&I Capital AG now owns 212,920 shares of the real estate investment trust’s stock valued at $6,775,000 after acquiring an additional 8,410 shares in the last quarter. Everhart Financial Group Inc. lifted its holdings in shares of Highwoods Properties by 6.7% during the 3rd quarter. Everhart Financial Group Inc. now owns 19,852 shares of the real estate investment trust’s stock valued at $632,000 after acquiring an additional 1,250 shares in the last quarter. AlphaQuest LLC boosted its position in Highwoods Properties by 76.8% during the 3rd quarter. AlphaQuest LLC now owns 7,439 shares of the real estate investment trust’s stock worth $237,000 after purchasing an additional 3,231 shares during the period. Finally, Arizona State Retirement System increased 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 purchasing an additional 443 shares in the last quarter. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Highwoods Properties Stock Performance

Shares of HIW opened at $23.14 on Thursday. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 15.85 and a beta of 1.06. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.51. The business’s 50 day moving average is $25.78 and its two-hundred day moving average is $28.32. Highwoods Properties, Inc. has a 52-week low of $21.56 and a 52-week high of $32.76.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.58). The company had revenue of $203.36 million for 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%.The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 EPS. Highwoods Properties has set its FY 2026 guidance at 3.400-3.680 EPS. Analysts forecast that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.00 annualized dividend and a dividend yield of 8.6%. Highwoods Properties’s dividend payout ratio (DPR) is presently 136.99%.

Analyst Ratings Changes

HIW has been the topic of several research reports. Deutsche Bank Aktiengesellschaft raised Highwoods Properties from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Tuesday, January 6th. Wells Fargo & Company dropped their target price on Highwoods Properties from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, November 10th. Citigroup reduced their price target on Highwoods Properties from $30.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday. Wall Street Zen raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Highwoods Properties in a research note on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $30.00.

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.