Syon Capital LLC Makes New Investment in Highwoods Properties, Inc. $HIW

Syon Capital LLC purchased a new stake in Highwoods Properties, Inc. (NYSE:HIW) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 22,805 shares of the real estate investment trust’s stock, valued at approximately $688,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of HIW. Caitong International Asset Management Co. Ltd raised its holdings 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 during the period. Elevation Wealth Partners LLC grew its holdings in Highwoods Properties by 752.0% during the second quarter. Elevation Wealth Partners LLC now owns 1,065 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 940 shares during the period. Allworth Financial LP bought a new position in Highwoods Properties during the second quarter worth about $38,000. Geneos Wealth Management Inc. increased its position in Highwoods Properties by 292.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,680 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 1,252 shares during the last quarter. Finally, State of Wyoming acquired a new position in Highwoods Properties during the first quarter worth approximately $57,000. Institutional investors own 96.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HIW shares. Deutsche Bank Aktiengesellschaft cut Highwoods Properties from a “buy” rating to a “hold” rating and set a $33.00 price objective for the company. in a research report on Wednesday, August 5th. Mizuho increased their price target on Highwoods Properties from $25.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Wells Fargo & Company raised their price target on Highwoods Properties from $26.00 to $32.00 and gave the company an “equal weight” rating in a report on Tuesday, September 1st. Weiss Ratings raised shares of Highwoods Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Finally, Morgan Stanley upped their price objective on shares of Highwoods Properties from $23.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $32.33.

Highwoods Properties Trading Up 0.1%

Shares of NYSE:HIW opened at $31.22 on Tuesday. Highwoods Properties, Inc. has a 12-month low of $20.45 and a 12-month high of $35.44. The business has a 50 day moving average of $31.92 and a 200-day moving average of $27.18. 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 cap of $3.44 billion, a PE ratio of 20.54 and a beta of 1.05.

Highwoods Properties (NYSE:HIW) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The firm had revenue of $216.38 million for the quarter, compared to the consensus estimate of $212.15 million. Highwoods Properties had a return on equity of 7.06% and a net margin of 20.74%.Highwoods Properties’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $0.89 EPS. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. As a group, equities research analysts forecast that Highwoods Properties, Inc. will post 3.54 earnings per share for the current year.

Highwoods Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, August 17th. This represents a $2.00 annualized dividend and a yield of 6.4%. Highwoods Properties’s dividend payout ratio (DPR) is presently 131.58%.

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.