B&I Capital AG Reduces Position in Highwoods Properties, Inc. $HIW

B&I Capital AG lessened its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW) by 10.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 190,820 shares of the real estate investment trust’s stock after selling 22,100 shares during the period. Highwoods Properties comprises approximately 1.8% of B&I Capital AG’s investment portfolio, making the stock its 22nd biggest position. B&I Capital AG owned 0.17% of Highwoods Properties worth $4,927,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Highwoods Properties by 88.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 792 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 372 shares during the period. Samalin Investment Counsel LLC boosted its holdings in shares of Highwoods Properties by 5.0% in the third quarter. Samalin Investment Counsel LLC now owns 9,075 shares of the real estate investment trust’s stock valued at $289,000 after purchasing an additional 435 shares during the period. Arizona State Retirement System boosted its holdings in shares of Highwoods Properties by 1.4% in the third 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 during the period. Amalgamated Bank boosted its holdings in shares of Highwoods Properties by 1.4% in the third quarter. Amalgamated Bank now owns 32,927 shares of the real estate investment trust’s stock valued at $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% in the second quarter. California State Teachers Retirement System now owns 98,051 shares of the real estate investment trust’s stock valued at $3,048,000 after purchasing an additional 489 shares during the period. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Analysts Set New Price Targets

HIW has been the subject of a number of recent research reports. Wall Street Zen raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Monday, March 23rd. Morgan Stanley raised shares of Highwoods Properties from an “underweight” rating to an “equal weight” rating and reduced their price objective for the stock from $24.00 to $23.00 in a research note on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $27.00 price objective on shares of Highwoods Properties in a research note on Thursday, February 19th. Citigroup reduced their price objective on shares of Highwoods Properties from $30.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Finally, Mizuho reduced their price objective on shares of Highwoods Properties from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Tuesday, February 24th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Highwoods Properties presently has a consensus rating of “Hold” and a consensus target price of $27.67.

Highwoods Properties Stock Performance

Shares of HIW stock opened at $23.19 on Thursday. The business’s fifty day simple moving average is $22.46 and its 200-day simple moving average is $25.92. The company has a market cap of $2.56 billion, a PE ratio of 15.88 and a beta of 1.05. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.51. Highwoods Properties, Inc. has a 12-month low of $20.45 and a 12-month high of $32.76.

Highwoods Properties (NYSE:HIW) last released its earnings results 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). Highwoods Properties had a net margin of 20.10% and a return on equity of 6.86%. The firm had revenue of $203.36 million during the quarter, compared to analyst estimates of $208.08 million. During the same period in the previous year, the company earned $0.85 earnings per share. Highwoods Properties’s revenue was down .9% on a year-over-year basis. Highwoods Properties has set its FY 2026 guidance at 3.400-3.680 EPS. Analysts expect that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Dividend Announcement

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

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.