Hsbc Holdings PLC Purchases 21,130 Shares of Highwoods Properties, Inc. $HIW

Hsbc Holdings PLC lifted its position in Highwoods Properties, Inc. (NYSE:HIW) by 9.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 242,739 shares of the real estate investment trust’s stock after purchasing an additional 21,130 shares during the period. Hsbc Holdings PLC’s holdings in Highwoods Properties were worth $5,199,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted its position in 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 worth $25,000 after acquiring an additional 372 shares during the last quarter. Beacon Financial Strategies CORP acquired a new stake in shares of Highwoods Properties in the fourth quarter valued at about $34,000. Geneos Wealth Management Inc. increased its stake in shares of Highwoods Properties by 292.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,680 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 1,252 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Highwoods Properties by 285.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,983 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 1,469 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Highwoods Properties by 97.4% during 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 during the last quarter. 96.31% of the stock is currently owned by institutional investors and hedge funds.

Highwoods Properties Stock Performance

NYSE:HIW opened at $32.83 on Friday. The firm has a market capitalization of $3.62 billion, a PE ratio of 39.08 and a beta of 1.07. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.46. Highwoods Properties, Inc. has a 12-month low of $20.45 and a 12-month high of $33.88. The firm has a 50-day moving average price of $29.36 and a 200 day moving average price of $25.84.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.13. Highwoods Properties had a return on equity of 3.97% and a net margin of 11.64%.The company had revenue of $214.03 million for the quarter, compared to the consensus estimate of $209.06 million. During the same period in the previous year, the business earned $0.83 earnings per share. The company’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. Research analysts anticipate that Highwoods Properties, Inc. will post 3.53 earnings per share for the current fiscal year.

Highwoods Properties declared that its board has initiated a stock repurchase program on Wednesday, April 22nd that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 9.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Highwoods Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 17th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.00 annualized dividend and a yield of 6.1%. Highwoods Properties’s payout ratio is currently 238.10%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HIW. Weiss Ratings upgraded Highwoods Properties from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 9th. Mizuho lifted their price target on Highwoods Properties from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday. Wells Fargo & Company upped their price target on Highwoods Properties from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Morgan Stanley increased their price objective on Highwoods Properties from $23.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $28.00 price objective on shares of Highwoods Properties in a research note on Thursday, May 14th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Highwoods Properties currently has a consensus rating of “Hold” and an average target price of $30.00.

Highwoods Properties 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.