Miller Global Investments LLC Takes Position in Highwoods Properties, Inc. $HIW

Miller Global Investments LLC acquired a new stake in shares of Highwoods Properties, Inc. (NYSE:HIW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,863 shares of the real estate investment trust’s stock, valued at approximately $1,003,000. Highwoods Properties accounts for about 0.9% of Miller Global Investments LLC’s investment portfolio, making the stock its 29th largest holding.

A number of other hedge funds have also added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Highwoods Properties by 88.6% during 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 buying an additional 372 shares during the period. Bell Investment Advisors Inc lifted its holdings in Highwoods Properties by 921.4% in the third quarter. Bell Investment Advisors Inc now owns 858 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 774 shares during the period. Avalon Trust Co bought a new position in Highwoods Properties in the third quarter valued at about $37,000. SJS Investment Consulting Inc. purchased a new position in Highwoods Properties in the third quarter worth about $49,000. Finally, Geneos Wealth Management Inc. grew its stake 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 period. 96.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Mizuho lowered their price objective 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. Truist Financial reduced their target price on shares of Highwoods Properties from $29.00 to $23.00 and set a “hold” rating for the company in a report on Tuesday. Wall Street Zen cut shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research note on Sunday, March 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Highwoods Properties in a research report on Thursday, January 22nd. Finally, Robert W. Baird set a $29.00 price objective on Highwoods Properties in a research note on Wednesday, February 25th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Highwoods Properties currently has a consensus rating of “Hold” and a consensus target price of $27.78.

Highwoods Properties Price Performance

Shares of NYSE:HIW opened at $21.59 on Friday. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 14.79 and a beta of 1.07. The firm has a fifty day moving average price of $24.33 and a 200 day moving average price of $27.30. Highwoods Properties, Inc. has a fifty-two week low of $21.18 and a fifty-two week high of $32.76. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.41 and a current ratio of 1.41.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.58). Highwoods Properties had a net margin of 20.10% and a return on equity of 6.86%. The company had revenue of $203.36 million during the quarter, compared to the consensus estimate of $208.08 million. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The business’s revenue was down .9% on a year-over-year basis. Highwoods Properties has set its FY 2026 guidance at 3.400-3.680 EPS. As a group, sell-side analysts expect that Highwoods Properties, Inc. will post 3.36 earnings per share for the current fiscal year.

Highwoods Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 9.3%. The ex-dividend date was Tuesday, February 17th. Highwoods Properties’s dividend payout ratio (DPR) is currently 136.99%.

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.