202,213 Shares in Highwoods Properties, Inc. $HIW Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new position in shares of Highwoods Properties, Inc. (NYSE:HIW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 202,213 shares of the real estate investment trust’s stock, valued at approximately $6,099,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Highwoods Properties during the second quarter valued at approximately $633,717,000. California State Teachers Retirement System increased its position in Highwoods Properties by 2,835.3% during the 2nd quarter. California State Teachers Retirement System now owns 3,853,362 shares of the real estate investment trust’s stock valued at $127,764,000 after buying an additional 3,722,086 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Highwoods Properties during the 2nd quarter valued at approximately $38,595,000. Bank of America Corp DE purchased a new position in Highwoods Properties during the second quarter valued at $36,285,000. Finally, Quantinno Capital Management LP raised its stake in Highwoods Properties by 133.8% during the first quarter. Quantinno Capital Management LP now owns 1,808,104 shares of the real estate investment trust’s stock valued at $38,712,000 after buying an additional 1,034,694 shares during the last quarter. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HIW. Weiss Ratings raised Highwoods Properties from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Morgan Stanley lifted their price target on Highwoods Properties from $23.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 22nd. Truist Financial lifted their target price on shares of Highwoods Properties from $23.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Citigroup upped their target price on shares of Highwoods Properties from $24.00 to $34.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. Finally, Wells Fargo & Company increased their price target on shares of Highwoods Properties from $26.00 to $32.00 and gave the company an “equal weight” rating in a report on Tuesday, September 1st. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $32.56.

Highwoods Properties Price Performance

Shares of NYSE:HIW opened at $30.43 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $3.36 billion, a PE ratio of 20.02 and a beta of 1.05. The firm’s 50 day moving average price is $31.89 and its 200-day moving average price is $27.33. Highwoods Properties, Inc. has a twelve month low of $20.45 and a twelve month high of $35.44.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01). The company had revenue of $216.38 million for the quarter, compared to the consensus estimate of $212.15 million. Highwoods Properties had a net margin of 20.74% and a return on equity of 7.06%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 EPS. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. Equities research analysts expect that Highwoods Properties, Inc. will post 3.55 EPS for the current year.

Highwoods Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 17th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $2.00 dividend on an annualized basis and a yield of 6.6%. Highwoods Properties’s payout ratio is currently 131.58%.

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.