CORDA Investment Management LLC. Decreases Holdings in Highwoods Properties, Inc. $HIW

CORDA Investment Management LLC. lessened its position in Highwoods Properties, Inc. (NYSE:HIW) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,002,844 shares of the real estate investment trust’s stock after selling 24,487 shares during the quarter. Highwoods Properties makes up about 1.9% of CORDA Investment Management LLC.’s portfolio, making the stock its 24th largest holding. CORDA Investment Management LLC.’s holdings in Highwoods Properties were worth $25,893,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its position 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 acquiring an additional 372 shares in the last quarter. Bell Investment Advisors Inc raised its position in Highwoods Properties by 921.4% in the third quarter. Bell Investment Advisors Inc now owns 858 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 774 shares during the period. Beacon Financial Strategies CORP acquired a new position in Highwoods Properties in the fourth quarter valued at about $34,000. Avalon Trust Co acquired a new position in Highwoods Properties in the third quarter valued at about $37,000. Finally, Geneos Wealth Management Inc. lifted its position in Highwoods Properties by 292.5% in 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 buying an additional 1,252 shares during the last quarter. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Highwoods Properties Price Performance

Shares of NYSE HIW opened at $25.54 on Friday. The company’s fifty day moving average is $22.56 and its two-hundred day moving average is $25.21. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.50 and a current ratio of 1.50. The firm has a market capitalization of $2.82 billion, a P/E ratio of 30.41 and a beta of 1.08. Highwoods Properties, Inc. has a one year low of $20.45 and a one year high of $32.76.

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

Highwoods Properties declared that its board has approved a share buyback plan 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 reacquire up to 9.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

Highwoods Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Monday, May 18th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Monday, May 18th. Highwoods Properties’s payout ratio is currently 238.10%.

Wall Street Analyst Weigh In

HIW has been the topic of several analyst reports. Robert W. Baird set a $29.00 target price on shares of Highwoods Properties in a report on Wednesday, February 25th. Mizuho dropped their price target on shares of Highwoods Properties from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Highwoods Properties in a research note on Thursday, January 22nd. 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 note on Tuesday, March 31st. Finally, Wall Street Zen raised Highwoods Properties from a “sell” rating to a “hold” rating in a report on Monday, March 23rd. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Highwoods Properties currently has an average rating of “Hold” and a consensus target price of $27.67.

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.