DekaBank Deutsche Girozentrale Lowers Holdings in Highwoods Properties, Inc. $HIW

DekaBank Deutsche Girozentrale cut its holdings in Highwoods Properties, Inc. (NYSE:HIW) by 1.8% during the second quarter, Holdings Channel reports. The firm owned 118,192 shares of the real estate investment trust’s stock after selling 2,188 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Highwoods Properties were worth $3,663,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in HIW. POM Investment Strategies LLC purchased a new position in Highwoods Properties in the 1st quarter worth approximately $28,000. Avalon Trust Co bought a new stake in Highwoods Properties in the 1st quarter worth approximately $35,000. Geneos Wealth Management Inc. increased its stake in Highwoods Properties by 292.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,680 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 1,252 shares during the last quarter. Bayforest Capital Ltd bought a new stake in Highwoods Properties in the 1st quarter worth approximately $82,000. Finally, Smartleaf Asset Management LLC increased its stake in Highwoods Properties by 25.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,060 shares of the real estate investment trust’s stock worth $89,000 after acquiring an additional 626 shares during the last quarter. 96.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HIW shares. Truist Financial boosted their target price on Highwoods Properties from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Wednesday, September 3rd. Wall Street Zen downgraded Highwoods Properties from a “hold” rating to a “sell” rating in a research report on Sunday, October 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Highwoods Properties in a research report on Saturday. Morgan Stanley boosted their target price on Highwoods Properties from $23.00 to $24.00 and gave the company an “underweight” rating in a research report on Tuesday, October 21st. Finally, Wolfe Research started coverage on Highwoods Properties in a research report on Wednesday, October 8th. They set an “outperform” rating and a $38.00 target price on the stock. Two 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 stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $31.25.

Highwoods Properties Trading Up 0.3%

Shares of NYSE HIW opened at $29.72 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market capitalization of $3.21 billion, a P/E ratio of 24.98 and a beta of 1.24. Highwoods Properties, Inc. has a 1-year low of $24.18 and a 1-year high of $35.68. The business has a fifty day moving average price of $30.98 and a 200 day moving average price of $30.19.

Highwoods Properties (NYSE:HIW) last issued its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.04. Highwoods Properties had a return on equity of 5.57% and a net margin of 16.15%.The firm had revenue of $200.60 million during the quarter, compared to analysts’ expectations of $203.22 million. During the same period in the prior year, the business posted $0.98 EPS. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. Highwoods Properties has set its FY 2025 guidance at 3.370-3.450 EPS. Equities research analysts expect that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Monday, November 17th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Monday, November 17th. Highwoods Properties’s dividend payout ratio (DPR) is currently 168.07%.

Insiders Place Their Bets

In other Highwoods Properties news, Director David John Hartzell sold 4,300 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $32.10, for a total value of $138,030.00. Following the completion of the sale, the director owned 27,489 shares of the company’s stock, valued at approximately $882,396.90. This trade represents a 13.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Highwoods Properties Company Profile

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.