Highwoods Properties, Inc. $HIW Shares Acquired by Hazelview Securities Inc.

Hazelview Securities Inc. raised its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW) by 9.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 299,572 shares of the real estate investment trust’s stock after buying an additional 26,922 shares during the period. Highwoods Properties comprises approximately 1.6% of Hazelview Securities Inc.’s investment portfolio, making the stock its 23rd biggest position. Hazelview Securities Inc.’s holdings in Highwoods Properties were worth $9,278,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HIW. Geneos Wealth Management Inc. boosted its stake in shares of Highwoods Properties by 292.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,680 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 1,252 shares in the last quarter. MAI Capital Management lifted its holdings in shares of Highwoods Properties by 67.3% during the second quarter. MAI Capital Management now owns 1,803 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 725 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Highwoods Properties by 97.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,242 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 1,106 shares during the period. Bayforest Capital Ltd acquired a new position in shares of Highwoods Properties in the 1st quarter valued at $82,000. Finally, Smartleaf Asset Management LLC increased its stake in Highwoods Properties by 25.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,060 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 626 shares in the last quarter. Institutional investors own 96.31% of the company’s stock.

Insider Buying and Selling at Highwoods Properties

In other news, Director David John Hartzell sold 4,300 shares of Highwoods Properties stock in a transaction dated 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 sale, the director directly owned 27,489 shares in the company, valued at $882,396.90. The trade was a 13.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wall Street Zen raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. New Street Research set a $30.00 price objective on shares of Highwoods Properties in a research note on Monday, October 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Highwoods Properties in a research report on Wednesday, October 8th. Morgan Stanley increased their target price on Highwoods Properties from $23.00 to $24.00 and gave the company an “underweight” rating in a report on Tuesday, October 21st. Finally, Truist Financial raised their target price on Highwoods Properties from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Wednesday, September 3rd. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $31.00.

Highwoods Properties Stock Down 0.8%

Highwoods Properties stock opened at $25.86 on Friday. Highwoods Properties, Inc. has a twelve month low of $24.18 and a twelve month high of $32.76. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market cap of $2.84 billion, a PE ratio of 22.10 and a beta of 1.06. The firm’s 50 day moving average price is $28.56 and its two-hundred day moving average price is $30.00.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $0.86 EPS for the quarter, meeting the consensus estimate of $0.86. Highwoods Properties had a net margin of 15.98% and a return on equity of 5.48%. The business had revenue of $201.77 million for the quarter, compared to analysts’ expectations of $205.74 million. During the same period in the previous year, the company posted $0.90 EPS. Highwoods Properties’s revenue was down 1.2% on a year-over-year basis. Highwoods Properties has set its FY 2025 guidance at 3.410-3.45 EPS. On average, research analysts predict that Highwoods Properties, Inc. will post 3.36 EPS for the current fiscal year.

Highwoods Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 17th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend was Monday, November 17th. Highwoods Properties’s dividend payout ratio is presently 170.94%.

Highwoods Properties Profile

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.