VIRGINIA RETIREMENT SYSTEMS ET Al Buys New Position in Highwoods Properties, Inc. $HIW

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Highwoods Properties, Inc. (NYSE:HIW) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 65,200 shares of the real estate investment trust’s stock, valued at approximately $1,966,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.06% of Highwoods Properties as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its stake in shares of Highwoods Properties by 88.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 792 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 372 shares during the last quarter. Elevation Wealth Partners LLC raised its stake in Highwoods Properties by 752.0% during the second quarter. Elevation Wealth Partners LLC now owns 1,065 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 940 shares during the last quarter. Allworth Financial LP acquired a new position in Highwoods Properties in the second quarter valued at $38,000. Geneos Wealth Management Inc. boosted its position in Highwoods Properties by 292.5% during 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 acquiring an additional 1,252 shares during the last quarter. Finally, State of Wyoming bought a new stake in Highwoods Properties during the first quarter valued at $57,000. Institutional investors own 96.31% of the company’s stock.

Analyst Ratings Changes

HIW has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on Highwoods Properties from $26.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 1st. Truist Financial upped their target price on Highwoods Properties from $23.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, June 26th. Weiss Ratings raised Highwoods Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Citigroup lifted their target price on Highwoods Properties from $24.00 to $34.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Finally, Mizuho set a $32.00 price target on Highwoods Properties in a research note on Tuesday. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $32.56.

Highwoods Properties Trading Up 1.5%

NYSE:HIW opened at $30.90 on Friday. 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. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 20.33 and a beta of 1.05. The firm has a fifty day simple moving average of $31.87 and a two-hundred day simple moving average of $27.36.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). The company had revenue of $216.38 million for the quarter, compared to analyst estimates of $212.15 million. Highwoods Properties had a net margin of 20.74% and a return on equity of 7.06%. Highwoods Properties’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.89 EPS. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. Analysts expect that Highwoods Properties, Inc. will post 3.55 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th were issued a $0.50 dividend. The ex-dividend date was Monday, August 17th. This represents a $2.00 annualized dividend and a yield of 6.5%. Highwoods Properties’s dividend payout ratio is presently 131.58%.

Highwoods Properties Company Profile

Highwoods Properties, Inc (NYSE: HIW) is a real estate investment trust that owns, develops, leases and manages primarily office properties. The company focuses on high-quality buildings in central business districts and other prominent business locations, serving corporate, professional services, healthcare and government tenants.

Highwoods’ portfolio is concentrated in selected Sun Belt markets, including Atlanta, Charlotte, Nashville, Raleigh, Richmond, Orlando and Tampa. In addition to traditional office buildings, the company has developed and owns mixed-use properties that may include retail, residential, hospitality and entertainment components.