UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Position in Highwoods Properties, Inc. $HIW

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Highwoods Properties, Inc. (NYSE:HIW) by 5.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 663,408 shares of the real estate investment trust’s stock after selling 40,360 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Highwoods Properties were worth $20,008,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HIW. Van ECK Associates Corp boosted its position in Highwoods Properties by 3.0% during the second quarter. Van ECK Associates Corp now owns 35,955 shares of the real estate investment trust’s stock worth $1,084,000 after acquiring an additional 1,054 shares during the last quarter. Empowered Funds LLC purchased a new position in Highwoods Properties in the 2nd quarter worth approximately $339,000. United Capital Financial Advisors LLC purchased a new position in Highwoods Properties in the 2nd quarter worth approximately $551,000. Pacific Heights Asset Management LLC acquired a new position in shares of Highwoods Properties during the 2nd quarter worth approximately $12,064,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Highwoods Properties during the 2nd quarter worth approximately $4,247,000. 96.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HIW has been the subject of several recent research reports. Morgan Stanley increased their price target on Highwoods Properties from $23.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. Citigroup lifted their price target 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 raised shares of Highwoods Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Truist Financial lifted their target price on shares of Highwoods Properties from $23.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Highwoods Properties from a “buy” rating to a “hold” rating and set a $33.00 target price on the stock. in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $32.33.

Highwoods Properties Stock Up 0.7%

Shares of NYSE:HIW opened at $31.22 on Friday. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 20.54 and a beta of 1.05. 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 price of $31.90 and a 200 day moving average price of $27.10. 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 posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The company had revenue of $216.38 million during the quarter, compared to analyst estimates of $212.15 million. Highwoods Properties had a net margin of 20.74% and a return on equity of 7.06%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.89 EPS. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. Sell-side analysts expect that Highwoods Properties, Inc. will post 3.54 EPS for the current year.

Highwoods Properties Dividend Announcement

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

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.