Highwoods Properties, Inc. $HIW Stock Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its stake in shares of Highwoods Properties, Inc. (NYSE:HIW) by 13.1% during the third quarter, Holdings Channel reports. The firm owned 129,578 shares of the real estate investment trust’s stock after selling 19,614 shares during the period. State of Alaska Department of Revenue’s holdings in Highwoods Properties were worth $3,758,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Highwoods Properties in the 2nd quarter valued at $1,966,000. SCS Capital Management LLC acquired a new stake in Highwoods Properties during the 2nd quarter worth $17,659,000. The Manufacturers Life Insurance Company acquired a new stake in Highwoods Properties during the 2nd quarter worth $1,649,000. WINTON GROUP Ltd purchased a new stake in Highwoods Properties in the second quarter valued at $6,099,000. Finally, Bessemer Group Inc. lifted its position in Highwoods Properties by 42.3% in the first quarter. Bessemer Group Inc. now owns 219,980 shares of the real estate investment trust’s stock valued at $4,710,000 after acquiring an additional 65,389 shares during the last quarter. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Highwoods Properties Price Performance

Shares of NYSE HIW opened at $29.35 on Friday. The stock has a market cap of $3.24 billion, a P/E ratio of 19.31 and a beta of 1.06. Highwoods Properties, Inc. has a twelve month low of $20.45 and a twelve month high of $35.44. The stock has a 50 day moving average of $30.43 and a two-hundred day moving average of $28.72. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.37.

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

Highwoods Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 17th were given a $0.50 dividend. The ex-dividend date was Monday, August 17th. This represents a $2.00 annualized dividend and a yield of 6.8%. Highwoods Properties’s dividend payout ratio is 131.58%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Highwoods Properties from $26.00 to $32.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 1st. Citigroup raised their price objective on Highwoods Properties from $24.00 to $34.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Weiss Ratings upgraded Highwoods Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Truist Financial boosted their target price on Highwoods Properties from $23.00 to $30.00 and gave the company a “hold” rating in a report on Friday, June 26th. Finally, Huntington began coverage on Highwoods Properties in a report on Thursday, October 8th. They issued a “market perform” rating and a $31.00 target price for the company. Eight investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Highwoods Properties has an average rating of “Hold” and a consensus target price of $32.00.

Highwoods Properties Company Profile

Highwoods Properties, Inc (NYSE: HIW) is a real estate investment trust that owns, develops, leases and manages primarily office properties. The company focuses on high-quality buildings in prominent business districts and serves corporate, professional-services and other commercial tenants.

Highwoods’ portfolio is concentrated in major Sun Belt and Southeast markets, including Atlanta, Charlotte, Orlando, Raleigh, Richmond, Nashville and Tampa. In addition to leasing office space, the company provides property management and related services and pursues select development and redevelopment opportunities to support its portfolio.

Founded in 1978, Highwoods Properties became a publicly traded company in 1994.