Citigroup Inc. Cuts Position in Highwoods Properties, Inc. $HIW

Citigroup Inc. decreased its position in shares of Highwoods Properties, Inc. (NYSE:HIW) by 27.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,285 shares of the real estate investment trust’s stock after selling 36,213 shares during the period. Citigroup Inc. owned approximately 0.09% of Highwoods Properties worth $3,096,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. bought a new position in shares of Highwoods Properties during the 3rd quarter valued at about $49,000. Geneos Wealth Management Inc. grew its position in 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 valued at $50,000 after acquiring an additional 1,252 shares during the last quarter. MAI Capital Management raised its stake in shares of 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 worth $56,000 after acquiring an additional 725 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of 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 worth $70,000 after acquiring an additional 1,106 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Highwoods Properties by 562.9% in 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 acquiring an additional 2,167 shares during the last quarter. Institutional investors own 96.31% of the company’s stock.

Highwoods Properties Stock Down 0.8%

NYSE HIW opened at $23.01 on Friday. Highwoods Properties, Inc. has a 1 year low of $21.56 and a 1 year high of $32.76. The stock has a market capitalization of $2.53 billion, a PE ratio of 15.76 and a beta of 1.07. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.41 and a quick ratio of 1.41. The business’s 50-day moving average is $25.21 and its 200 day moving average is $27.87.

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 for the quarter, missing the consensus estimate of $0.84 by ($0.58). Highwoods Properties had a return on equity of 6.86% and a net margin of 20.10%.The business had revenue of $203.36 million during the quarter, compared to analysts’ expectations of $208.08 million. During the same quarter last year, the business posted $0.85 EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year. Highwoods Properties has set its FY 2026 guidance at 3.400-3.680 EPS. Sell-side analysts forecast that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date of this dividend is Tuesday, February 17th. Highwoods Properties’s payout ratio is presently 136.99%.

Wall Street Analyst Weigh In

HIW has been the topic of several recent research reports. Citigroup reduced their target price on shares of Highwoods Properties from $30.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Highwoods Properties in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $27.00 target price on shares of Highwoods Properties in a research note on Thursday, February 19th. Robert W. Baird set a $29.00 target price on Highwoods Properties in a report on Wednesday, February 25th. Finally, Wall Street Zen cut Highwoods Properties from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Three investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $29.20.

About Highwoods Properties

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.