Highwoods Properties, Inc. $HIW Stock Holdings Increased by Inspire Investing LLC

Inspire Investing LLC raised its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW) by 9.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,652 shares of the real estate investment trust’s stock after acquiring an additional 1,104 shares during the period. Inspire Investing LLC’s holdings in Highwoods Properties were worth $393,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HIW. Massachusetts Financial Services Co. MA raised its stake in Highwoods Properties by 87.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 6,118,701 shares of the real estate investment trust’s stock valued at $181,358,000 after acquiring an additional 2,852,877 shares in the last quarter. Invesco Ltd. increased its position in shares of Highwoods Properties by 15.1% during the 1st quarter. Invesco Ltd. now owns 2,959,480 shares of the real estate investment trust’s stock valued at $87,719,000 after purchasing an additional 388,332 shares during the period. Nuveen LLC acquired a new position in shares of Highwoods Properties during the 1st quarter valued at $9,331,000. Eisler Capital Management Ltd. acquired a new position in shares of Highwoods Properties during the 1st quarter valued at $6,811,000. Finally, Adage Capital Partners GP L.L.C. increased its position in shares of Highwoods Properties by 66.3% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 549,136 shares of the real estate investment trust’s stock valued at $16,276,000 after purchasing an additional 218,980 shares during the period. Institutional investors own 96.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HIW. Truist Financial lifted their price target on Highwoods Properties from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Wednesday, September 3rd. New Street Research set a $30.00 price target on Highwoods Properties in a research report on Monday. Mizuho lifted their price target on Highwoods Properties from $29.00 to $30.00 and gave the company a “neutral” rating in a research report on Monday, July 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Highwoods Properties in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Highwoods Properties from a “sell” rating to a “hold” rating in a research report on Saturday. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Highwoods Properties currently has an average rating of “Hold” and a consensus target price of $32.29.

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 sale, the director owned 27,489 shares of the company’s stock, valued at approximately $882,396.90. This trade represents a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.90% of the company’s stock.

Highwoods Properties Stock Performance

Shares of NYSE HIW opened at $29.75 on Tuesday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 25.00 and a beta of 1.24. The stock’s fifty day simple moving average is $30.84 and its 200 day simple moving average is $30.07. Highwoods Properties, Inc. has a 52-week low of $24.18 and a 52-week high of $36.78.

Highwoods Properties (NYSE:HIW) last issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.89 EPS for the quarter, topping the consensus estimate of $0.85 by $0.04. The business 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% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 earnings per share. Highwoods Properties has set its FY 2025 guidance at 3.370-3.450 EPS. As a group, sell-side analysts forecast that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 18th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.00 dividend on an annualized basis and a yield of 6.7%. Highwoods Properties’s dividend payout ratio (DPR) is presently 168.07%.

Highwoods Properties Company 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.