Quantinno Capital Management LP Acquires 1,034,694 Shares of Highwoods Properties, Inc. $HIW

Quantinno Capital Management LP raised its holdings in Highwoods Properties, Inc. (NYSE:HIW) by 133.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 1,808,104 shares of the real estate investment trust’s stock after acquiring an additional 1,034,694 shares during the quarter. Quantinno Capital Management LP’s holdings in Highwoods Properties were worth $38,712,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SummitTX Capital L.P. acquired a new position in shares of Highwoods Properties during the 1st quarter worth about $633,000. Lazard Asset Management LLC grew its holdings in shares of Highwoods Properties by 6.3% in the 1st quarter. Lazard Asset Management LLC now owns 17,814 shares of the real estate investment trust’s stock valued at $381,000 after acquiring an additional 1,050 shares in the last quarter. Inceptionr LLC acquired a new stake in shares of Highwoods Properties in the first quarter valued at about $307,000. State of Wyoming acquired a new stake in shares of Highwoods Properties in the first quarter valued at about $57,000. Finally, First Trust Advisors LP raised its holdings in Highwoods Properties by 33.7% during the first quarter. First Trust Advisors LP now owns 150,178 shares of the real estate investment trust’s stock worth $3,215,000 after acquiring an additional 37,848 shares in the last quarter. 96.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HIW has been the subject of several recent research reports. Mizuho increased their price target on Highwoods Properties from $25.00 to $30.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Truist Financial upped their price objective on Highwoods Properties from $23.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. Wells Fargo & Company increased their price objective on Highwoods Properties from $24.00 to $26.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Morgan Stanley raised their target price on shares of Highwoods Properties from $23.00 to $35.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of Highwoods Properties from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 9th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $30.00.

Highwoods Properties Stock Performance

HIW opened at $33.84 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.68 and a debt-to-equity ratio of 1.37. Highwoods Properties, Inc. has a 12-month low of $20.45 and a 12-month high of $35.44. The business has a 50 day moving average of $30.20 and a 200-day moving average of $26.09. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 22.26 and a beta of 1.07.

Highwoods Properties (NYSE:HIW) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). Highwoods Properties had a return on equity of 7.06% and a net margin of 20.74%.The business had revenue of $216.38 million for the quarter, compared to analyst estimates of $212.15 million. During the same period in the previous year, the firm posted $0.89 earnings per share. The firm’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, equities research analysts expect that Highwoods Properties, Inc. will post 3.53 earnings per share for the current year.

Highwoods Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders 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 5.9%. The ex-dividend date is Monday, August 17th. Highwoods Properties’s dividend payout ratio (DPR) is currently 238.10%.

Highwoods Properties declared that its Board of Directors has approved a share buyback plan on Wednesday, April 22nd that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to reacquire up to 9.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

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.