Highwoods Properties, Inc. $HIW Stake Boosted by Hazelview Securities Inc.

Hazelview Securities Inc. boosted its holdings in Highwoods Properties, Inc. (NYSE:HIW) by 9.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 299,572 shares of the real estate investment trust’s stock after purchasing an additional 26,922 shares during the quarter. Highwoods Properties makes up about 1.6% of Hazelview Securities Inc.’s investment portfolio, making the stock its 23rd largest holding. Hazelview Securities Inc. owned about 0.28% of Highwoods Properties worth $9,278,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HIW. BNP Paribas Financial Markets boosted its holdings in shares of Highwoods Properties by 99.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 13,372 shares of the real estate investment trust’s stock valued at $416,000 after buying an additional 6,661 shares during the period. Boothbay Fund Management LLC lifted its holdings in Highwoods Properties by 23.9% in the second quarter. Boothbay Fund Management LLC now owns 209,890 shares of the real estate investment trust’s stock worth $6,525,000 after acquiring an additional 40,489 shares during the last quarter. Bank of America Corp DE boosted its stake in Highwoods Properties by 18.8% in the second quarter. Bank of America Corp DE now owns 949,835 shares of the real estate investment trust’s stock valued at $29,530,000 after acquiring an additional 150,408 shares during the period. Lighthouse Investment Partners LLC grew its holdings in shares of Highwoods Properties by 3,086.3% during the second quarter. Lighthouse Investment Partners LLC now owns 325,000 shares of the real estate investment trust’s stock valued at $10,104,000 after purchasing an additional 314,800 shares during the last quarter. Finally, California State Teachers Retirement System grew its holdings in shares of Highwoods Properties by 0.5% during the second quarter. California State Teachers Retirement System now owns 98,051 shares of the real estate investment trust’s stock valued at $3,048,000 after purchasing an additional 489 shares during the last quarter. 96.31% of the stock is currently owned by institutional investors.

Insider Transactions at Highwoods Properties

In other news, Director David John Hartzell sold 4,300 shares of Highwoods Properties stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $32.10, for a total transaction of $138,030.00. Following the transaction, the director directly owned 27,489 shares in the company, valued at approximately $882,396.90. This trade represents a 13.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Highwoods Properties in a report on Wednesday, October 8th. Wall Street Zen raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Morgan Stanley increased their price objective on shares of Highwoods Properties from $23.00 to $24.00 and gave the stock an “underweight” rating in a report on Tuesday, October 21st. Wolfe Research initiated coverage on shares of Highwoods Properties in a research report on Wednesday, October 8th. They issued an “outperform” rating and a $38.00 price objective on the stock. Finally, New Street Research set a $30.00 target price on shares of Highwoods Properties in a research report on Monday, October 13th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Highwoods Properties presently has an average rating of “Hold” and an average price target of $31.00.

Highwoods Properties Stock Performance

HIW stock opened at $25.86 on Friday. The company has a 50-day simple moving average of $28.56 and a 200 day simple moving average of $30.00. The company has a market capitalization of $2.84 billion, a P/E ratio of 22.10 and a beta of 1.06. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.44. Highwoods Properties, Inc. has a fifty-two week low of $24.18 and a fifty-two week high of $32.76.

Highwoods Properties (NYSE:HIW) last released its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.86 EPS for the quarter, meeting the consensus estimate of $0.86. The firm had revenue of $201.77 million for the quarter, compared to analysts’ expectations of $205.74 million. Highwoods Properties had a net margin of 15.98% and a return on equity of 5.48%. Highwoods Properties’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the company earned $0.90 EPS. Highwoods Properties has set its FY 2025 guidance at 3.410-3.45 EPS. Sell-side analysts predict 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, December 9th. Shareholders of record on Monday, November 17th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend was Monday, November 17th. Highwoods Properties’s dividend payout ratio (DPR) is presently 170.94%.

Highwoods Properties Profile

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.