Aew Capital Management L P Grows Stake in Highwoods Properties, Inc. $HIW

Aew Capital Management L P lifted its stake in shares of Highwoods Properties, Inc. (NYSE:HIW) by 95.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,344,571 shares of the real estate investment trust’s stock after purchasing an additional 1,144,991 shares during the period. Highwoods Properties accounts for 4.2% of Aew Capital Management L P’s investment portfolio, making the stock its 12th biggest holding. Aew Capital Management L P owned approximately 2.13% of Highwoods Properties worth $74,604,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of HIW. Samalin Investment Counsel LLC grew its holdings 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 valued at $289,000 after purchasing an additional 435 shares during the period. Arizona State Retirement System raised its stake 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 buying an additional 443 shares during the period. Amalgamated Bank lifted its position 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 valued at $1,048,000 after buying an additional 467 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Highwoods Properties by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 98,051 shares of the real estate investment trust’s stock worth $3,048,000 after acquiring an additional 489 shares during the period. Finally, Optas LLC raised its stake in Highwoods Properties by 6.3% in the 3rd quarter. Optas LLC now owns 8,565 shares of the real estate investment trust’s stock valued at $273,000 after acquiring an additional 507 shares during the period. Institutional investors own 96.31% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citigroup cut their target price on shares of Highwoods Properties from $30.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Wells Fargo & Company dropped their price target on shares of Highwoods Properties from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Monday, November 10th. 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. Wall Street Zen cut shares of Highwoods Properties from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Highwoods Properties in a research report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Highwoods Properties currently has a consensus rating of “Hold” and a consensus price target of $29.22.

Highwoods Properties Price Performance

HIW stock opened at $23.03 on Wednesday. The firm has a 50 day moving average of $25.57 and a 200-day moving average of $28.16. 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 $21.56 and a 12 month high of $32.76. The firm has a market capitalization of $2.53 billion, a P/E ratio of 15.77 and a beta of 1.06.

Highwoods Properties (NYSE:HIW) last posted its 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). Highwoods Properties had a return on equity of 6.86% and a net margin of 20.10%.The firm had revenue of $203.36 million for the quarter, compared to the consensus estimate of $208.08 million. During the same period last year, the company posted $0.85 EPS. The business’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. As a group, sell-side analysts predict that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Announces Dividend

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

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.