Highwoods Properties, Inc. $HIW Shares Purchased by Pacific Heights Asset Management LLC

Pacific Heights Asset Management LLC boosted its position in Highwoods Properties, Inc. (NYSE:HIW) by 40.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350,000 shares of the real estate investment trust’s stock after buying an additional 100,000 shares during the quarter. Pacific Heights Asset Management LLC’s holdings in Highwoods Properties were worth $9,037,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd raised its stake in shares of Highwoods Properties by 88.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 792 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 372 shares in the last quarter. Bell Investment Advisors Inc raised its stake in shares of Highwoods Properties by 921.4% in the 3rd quarter. Bell Investment Advisors Inc now owns 858 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 774 shares in the last quarter. Beacon Financial Strategies CORP acquired a new stake in shares of Highwoods Properties in the 4th quarter valued at about $34,000. Avalon Trust Co acquired a new stake in shares of Highwoods Properties in the 3rd quarter valued at about $37,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Highwoods Properties by 292.5% in 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 in the last quarter. Institutional investors and hedge funds own 96.31% of the company’s stock.

Highwoods Properties Price Performance

NYSE HIW opened at $25.48 on Monday. Highwoods Properties, Inc. has a 52 week low of $20.45 and a 52 week high of $32.76. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.46. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 30.33 and a beta of 1.08. The company has a 50-day moving average price of $22.90 and a two-hundred day moving average price of $25.05.

Highwoods Properties (NYSE:HIW) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.29 EPS for the quarter, topping the consensus estimate of $0.16 by $0.13. Highwoods Properties had a net margin of 11.64% and a return on equity of 3.97%. The firm had revenue of $214.03 million during the quarter, compared to analysts’ expectations of $209.06 million. During the same quarter in the prior year, the firm earned $0.83 EPS. Highwoods Properties’s quarterly revenue was up 6.8% on a year-over-year basis. Highwoods Properties has set its FY 2026 guidance at 3.400-3.68 EPS. Analysts forecast that Highwoods Properties, Inc. will post 3.53 EPS for the current year.

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

Highwoods Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Monday, May 18th will be given a $0.50 dividend. The ex-dividend date is Monday, May 18th. This represents a $2.00 annualized dividend and a yield of 7.9%. Highwoods Properties’s dividend payout ratio is 238.10%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HIW. Morgan Stanley upgraded shares of Highwoods Properties from an “underweight” rating to an “equal weight” rating and cut their target price for the company from $24.00 to $23.00 in a research note on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $28.00 target price on shares of Highwoods Properties in a research note on Thursday. Mizuho cut their target price on shares of Highwoods Properties from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 24th. Citigroup cut their target price on shares of Highwoods Properties from $30.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Finally, Wall Street Zen upgraded shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Monday, March 23rd. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $27.78.

Highwoods Properties Company 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.