Bayforest Capital Ltd Makes New $82,000 Investment in Highwoods Properties, Inc. $HIW

Bayforest Capital Ltd acquired a new position in shares of Highwoods Properties, Inc. (NYSE:HIW) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,765 shares of the real estate investment trust’s stock, valued at approximately $82,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA grew its holdings in Highwoods Properties by 87.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 6,118,701 shares of the real estate investment trust’s stock worth $181,358,000 after acquiring an additional 2,852,877 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Highwoods Properties by 0.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,660,872 shares of the real estate investment trust’s stock worth $108,509,000 after acquiring an additional 10,331 shares in the last quarter. Invesco Ltd. grew its holdings in Highwoods Properties by 15.1% during the 1st quarter. Invesco Ltd. now owns 2,959,480 shares of the real estate investment trust’s stock worth $87,719,000 after acquiring an additional 388,332 shares in the last quarter. Northern Trust Corp grew its holdings in Highwoods Properties by 7.3% during the 1st quarter. Northern Trust Corp now owns 1,989,894 shares of the real estate investment trust’s stock worth $58,980,000 after acquiring an additional 135,059 shares in the last quarter. Finally, Aew Capital Management L P lifted its position in shares of Highwoods Properties by 13.3% in the 1st quarter. Aew Capital Management L P now owns 1,158,110 shares of the real estate investment trust’s stock worth $34,326,000 after buying an additional 136,200 shares during the last quarter. 96.31% of the stock is owned by institutional investors and hedge funds.

Highwoods Properties Trading Up 0.2%

Highwoods Properties stock opened at $32.40 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.42. The firm has a 50-day moving average price of $30.33 and a two-hundred day moving average price of $29.66. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 27.23 and a beta of 1.27. Highwoods Properties, Inc. has a 52-week low of $24.18 and a 52-week high of $36.78.

Highwoods Properties (NYSE:HIW) last posted its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. The firm had revenue of $200.60 million during the quarter, compared to analyst estimates of $203.22 million. Highwoods Properties had a net margin of 16.15% and a return on equity of 5.57%. Highwoods Properties’s revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 EPS. Highwoods Properties has set its FY 2025 guidance at 3.370-3.450 EPS. Sell-side analysts expect that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, August 18th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Monday, August 18th. Highwoods Properties’s payout ratio is presently 168.07%.

Analyst Ratings Changes

HIW has been the subject of several research reports. Wall Street Zen raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a report on Saturday. Truist Financial lifted their price target on shares of Highwoods Properties from $32.00 to $33.00 and gave the company a “hold” rating in a report on Wednesday, September 3rd. Mizuho lifted their price target on shares of Highwoods Properties from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Finally, Wells Fargo & Company decreased their price target on shares of Highwoods Properties from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Monday, May 19th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $32.17.

About Highwoods Properties

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.