Chicago Partners Investment Group LLC Makes New $408,000 Investment in Highwoods Properties, Inc. $HIW

Chicago Partners Investment Group LLC acquired a new stake in shares of Highwoods Properties, Inc. (NYSE:HIW) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 17,186 shares of the real estate investment trust’s stock, valued at approximately $408,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Highwoods Properties by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 16,903,497 shares of the real estate investment trust’s stock worth $436,448,000 after acquiring an additional 407,406 shares during the period. State Street Corp lifted its holdings in Highwoods Properties by 1.2% in the fourth quarter. State Street Corp now owns 6,699,130 shares of the real estate investment trust’s stock valued at $172,972,000 after acquiring an additional 81,348 shares during the period. Aew Capital Management L P lifted its holdings in Highwoods Properties by 3.8% in the fourth quarter. Aew Capital Management L P now owns 2,433,243 shares of the real estate investment trust’s stock valued at $62,826,000 after acquiring an additional 88,672 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Highwoods Properties by 0.7% in the third quarter. Daiwa Securities Group Inc. now owns 2,205,348 shares of the real estate investment trust’s stock valued at $70,174,000 after acquiring an additional 14,410 shares during the period. Finally, Geode Capital Management LLC boosted its position in Highwoods Properties by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 2,149,230 shares of the real estate investment trust’s stock worth $55,503,000 after purchasing an additional 16,327 shares in the last quarter. Institutional investors and hedge funds own 96.31% of the company’s stock.

Highwoods Properties Stock Performance

Shares of HIW stock opened at $33.30 on Monday. The company has a market capitalization of $3.67 billion, a P/E ratio of 39.65 and a beta of 1.07. The business’s 50 day moving average is $28.80 and its two-hundred day moving average is $25.64. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.46. Highwoods Properties, Inc. has a 12-month low of $20.45 and a 12-month high of $33.88.

Highwoods Properties (NYSE:HIW) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.29 EPS for the quarter, beating the consensus estimate of $0.16 by $0.13. The company had revenue of $214.03 million for the quarter, compared to analyst estimates of $209.06 million. Highwoods Properties had a return on equity of 3.97% and a net margin of 11.64%.Highwoods Properties’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company earned $0.83 earnings per share. Highwoods Properties has set its FY 2026 guidance at 3.400-3.68 EPS. Analysts expect that Highwoods Properties, Inc. will post 3.53 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Monday, May 18th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $2.00 dividend on an annualized basis and a yield of 6.0%. Highwoods Properties’s dividend payout ratio (DPR) is currently 238.10%.

Highwoods Properties declared that its board has authorized a share buyback program on Wednesday, April 22nd that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the real estate investment trust to purchase up to 9.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

HIW has been the topic of a number of analyst reports. Truist Financial raised their price objective on shares of Highwoods Properties from $23.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $28.00 target price on shares of Highwoods Properties in a research note on Thursday, May 14th. Wall Street Zen raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a report on Monday, March 23rd. Morgan Stanley upgraded shares of Highwoods Properties from an “underweight” rating to an “equal weight” rating and dropped their price target for the company from $24.00 to $23.00 in a research report on Tuesday, March 31st. Finally, Weiss Ratings raised shares of Highwoods Properties from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $28.11.

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.