233,952 Shares in Highwoods Properties, Inc. $HIW Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new position in Highwoods Properties, Inc. (NYSE:HIW) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 233,952 shares of the real estate investment trust’s stock, valued at approximately $7,062,000. Hsbc Holdings PLC owned 0.21% of Highwoods Properties as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HIW. BlackRock Inc. purchased a new stake in shares of Highwoods Properties during the 2nd quarter worth approximately $633,717,000. Vanguard Group Inc. lifted its stake in Highwoods Properties by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 16,903,497 shares of the real estate investment trust’s stock valued at $436,448,000 after purchasing an additional 407,406 shares during the last quarter. State Street Corp lifted its stake 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 purchasing an additional 81,348 shares during the last quarter. Aew Capital Management L P grew its holdings in Highwoods Properties by 3.8% during 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 purchasing an additional 88,672 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in Highwoods Properties by 0.7% during 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 purchasing an additional 14,410 shares during the period. 96.31% of the stock is currently owned by hedge funds and other institutional investors.

Highwoods Properties Stock Down 0.7%

HIW opened at $31.16 on Friday. The company has a 50 day moving average of $31.76 and a 200 day moving average of $26.86. The company has a market cap of $3.44 billion, a PE ratio of 20.50 and a beta of 1.05. Highwoods Properties, Inc. has a 12 month low of $20.45 and a 12 month high of $35.44. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.37.

Highwoods Properties (NYSE:HIW) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). Highwoods Properties had a net margin of 20.74% and a return on equity of 7.06%. The business had revenue of $216.38 million for the quarter, compared to the consensus estimate of $212.15 million. During the same period in the previous year, the firm earned $0.89 EPS. The company’s revenue was up 7.9% compared to the same quarter last year. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. On average, sell-side analysts expect that Highwoods Properties, Inc. will post 3.53 EPS for the current year.

Highwoods Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 17th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Monday, August 17th. Highwoods Properties’s payout ratio is presently 131.58%.

Analyst Upgrades and Downgrades

HIW has been the topic of several research reports. Truist Financial boosted their target price on Highwoods Properties from $23.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, June 26th. Wells Fargo & Company upped their price target on Highwoods Properties from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Weiss Ratings upgraded Highwoods Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Citigroup lifted their price objective on Highwoods Properties from $24.00 to $34.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft cut Highwoods Properties from a “buy” rating to a “hold” rating and set a $33.00 price objective on the stock. in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Highwoods Properties has a consensus rating of “Hold” and an average target price of $31.67.

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.