Chicago Partners Investment Group LLC Buys Shares of 12,224 Highwoods Properties, Inc. $HIW

Chicago Partners Investment Group LLC bought a new stake in Highwoods Properties, Inc. (NYSE:HIW) during the 2nd quarter, Holdings Channel reports. The firm bought 12,224 shares of the real estate investment trust’s stock, valued at approximately $377,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Voya Investment Management LLC grew its stake in shares of Highwoods Properties by 2.9% in the 1st quarter. Voya Investment Management LLC now owns 13,033 shares of the real estate investment trust’s stock valued at $386,000 after purchasing an additional 367 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in shares of Highwoods Properties by 2.6% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 15,397 shares of the real estate investment trust’s stock valued at $456,000 after purchasing an additional 396 shares during the last quarter. Truist Financial Corp grew its stake in shares of Highwoods Properties by 5.0% in the 2nd quarter. Truist Financial Corp now owns 9,146 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 434 shares during the last quarter. GC Wealth Management RIA LLC grew its stake in shares of Highwoods Properties by 4.2% in the 2nd quarter. GC Wealth Management RIA LLC now owns 12,205 shares of the real estate investment trust’s stock valued at $379,000 after purchasing an additional 489 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Highwoods Properties by 10.3% in the 1st quarter. GAMMA Investing LLC now owns 5,278 shares of the real estate investment trust’s stock valued at $156,000 after purchasing an additional 493 shares during the last quarter. 96.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HIW. Truist Financial raised their price target on Highwoods Properties from $32.00 to $33.00 and gave the company a “hold” rating in a report on Wednesday, September 3rd. Wall Street Zen cut Highwoods Properties from a “hold” rating to a “sell” rating in a report on Sunday, October 19th. Morgan Stanley raised their price target on Highwoods Properties from $23.00 to $24.00 and gave the company an “underweight” rating in a report on Tuesday. Wolfe Research began coverage on Highwoods Properties in a report on Wednesday, October 8th. They issued an “outperform” rating and a $38.00 price target for the company. Finally, Mizuho raised their price target on Highwoods Properties from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Highwoods Properties presently has an average rating of “Hold” and an average price target of $31.25.

Insider Transactions at Highwoods Properties

In related news, Director David John Hartzell sold 4,300 shares of Highwoods Properties stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $32.10, for a total transaction of $138,030.00. Following the completion of the transaction, the director directly owned 27,489 shares of the company’s stock, valued at approximately $882,396.90. The trade was a 13.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.90% of the company’s stock.

Highwoods Properties Stock Performance

Shares of HIW stock opened at $29.65 on Friday. The stock has a fifty day moving average price of $30.97 and a 200 day moving average price of $30.12. The stock has a market cap of $3.20 billion, a PE ratio of 24.91 and a beta of 1.24. Highwoods Properties, Inc. has a 1 year low of $24.18 and a 1 year high of $35.87. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.38 and a current ratio of 1.38.

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 (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.04. The firm had revenue of $200.60 million during the quarter, compared to analysts’ expectations of $203.22 million. Highwoods Properties had a return on equity of 5.57% and a net margin of 16.15%.Highwoods Properties’s revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 earnings per share. Highwoods Properties has set its FY 2025 guidance at 3.370-3.450 EPS. Sell-side analysts forecast that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

About Highwoods Properties

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.