Commerce Bank Takes Position in Highwoods Properties, Inc. $HIW

Commerce Bank purchased a new stake in Highwoods Properties, Inc. (NYSE:HIW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 35,381 shares of the real estate investment trust’s stock, valued at approximately $1,067,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Highwoods Properties during the second quarter valued at approximately $633,717,000. CORDA Investment Management LLC. bought a new stake in Highwoods Properties in the second quarter worth approximately $38,747,000. Bank of New York Mellon Corp bought a new stake in Highwoods Properties in the second quarter worth approximately $38,595,000. Quantinno Capital Management LP increased its stake in shares of Highwoods Properties by 133.8% during the 1st quarter. Quantinno Capital Management LP now owns 1,808,104 shares of the real estate investment trust’s stock worth $38,712,000 after purchasing an additional 1,034,694 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Highwoods Properties during the 4th quarter worth $26,251,000. Institutional investors and hedge funds own 96.31% of the company’s stock.

Wall Street Analyst Weigh In

HIW has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of Highwoods Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Truist Financial upped their price objective on shares of Highwoods Properties from $23.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Mizuho increased their target price on shares of Highwoods Properties from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Morgan Stanley raised their target price on Highwoods Properties from $23.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. Finally, Wells Fargo & Company boosted their price target on Highwoods Properties from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Highwoods Properties has a consensus rating of “Hold” and a consensus price target of $31.67.

Highwoods Properties Stock Down 1.1%

Shares of Highwoods Properties stock opened at $31.55 on Thursday. The stock has a market capitalization of $3.48 billion, a P/E ratio of 20.76 and a beta of 1.05. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.37. The stock has a 50 day moving average price of $31.68 and a two-hundred day moving average price of $26.79. Highwoods Properties, Inc. has a 12-month low of $20.45 and a 12-month high of $35.44.

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

Highwoods Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 17th will be paid a $0.50 dividend. The ex-dividend date is Monday, August 17th. This represents a $2.00 dividend on an annualized basis and a yield of 6.3%. Highwoods Properties’s dividend payout ratio (DPR) is presently 131.58%.

Highwoods Properties Profile

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.