Nisa Investment Advisors LLC Purchases 49,444 Shares of Highwoods Properties, Inc. $HIW

Nisa Investment Advisors LLC lifted its position in Highwoods Properties, Inc. (NYSE:HIW) by 146.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 83,199 shares of the real estate investment trust’s stock after buying an additional 49,444 shares during the period. Nisa Investment Advisors LLC owned approximately 0.08% of Highwoods Properties worth $2,647,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HIW. SJS Investment Consulting Inc. acquired a new stake in Highwoods Properties in the third quarter valued at approximately $49,000. Geneos Wealth Management Inc. lifted its holdings 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 valued at $50,000 after purchasing an additional 1,252 shares during the last quarter. MAI Capital Management boosted its position in shares of Highwoods Properties by 67.3% in the 2nd quarter. MAI Capital Management now owns 1,803 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 725 shares in 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 worth $70,000 after purchasing an additional 1,106 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Highwoods Properties by 562.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,552 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 2,167 shares during the last quarter. Institutional investors own 96.31% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on HIW. 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. New Street Research set a $30.00 target price on shares of Highwoods Properties in a research note on Monday, October 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Highwoods Properties in a research report on Wednesday, October 8th. Morgan Stanley upped their price target on shares of Highwoods Properties from $23.00 to $24.00 and gave the company an “underweight” rating in a research note on Tuesday, October 21st. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Highwoods Properties from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Tuesday, January 6th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $30.75.

Highwoods Properties Price Performance

Shares of NYSE:HIW opened at $27.25 on Tuesday. Highwoods Properties, Inc. has a twelve month low of $24.18 and a twelve month high of $32.76. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.44. The company has a market cap of $2.99 billion, a PE ratio of 23.29 and a beta of 1.07. The company’s 50 day moving average is $26.93 and its 200 day moving average is $29.26.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data 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 the consensus estimate of $205.74 million. During the same period in the prior year, the firm earned $0.90 EPS. The business’s revenue for the quarter 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, sell-side analysts forecast that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 17th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend was Monday, November 17th. Highwoods Properties’s dividend payout ratio (DPR) is 170.94%.

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.