111 Capital Purchases New Shares in Highwoods Properties, Inc. $HIW

111 Capital purchased a new stake in Highwoods Properties, Inc. (NYSE:HIW) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 18,633 shares of the real estate investment trust’s stock, valued at approximately $481,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Highwoods Properties by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 16,903,497 shares of the real estate investment trust’s stock valued at $436,448,000 after purchasing an additional 407,406 shares during the last quarter. State Street Corp raised its position in Highwoods Properties by 1.3% in the 2nd quarter. State Street Corp now owns 6,564,027 shares of the real estate investment trust’s stock valued at $204,076,000 after purchasing an additional 86,506 shares during the last quarter. Aew Capital Management L P raised its position in Highwoods Properties by 3.8% in the 4th quarter. Aew Capital Management L P now owns 2,433,243 shares of the real estate investment trust’s stock valued at $62,826,000 after purchasing an additional 88,672 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Highwoods Properties by 0.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 2,205,348 shares of the real estate investment trust’s stock valued at $70,174,000 after buying an additional 14,410 shares during the period. Finally, Geode Capital Management LLC increased its stake in Highwoods Properties by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 2,149,230 shares of the real estate investment trust’s stock valued at $55,503,000 after buying an additional 16,327 shares during the period. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wall Street Zen raised shares of Highwoods Properties from a “sell” rating to a “hold” rating in a research note on Monday, March 23rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $28.00 price objective on shares of Highwoods Properties in a research note on Thursday, May 14th. Robert W. Baird set a $29.00 price objective on shares of Highwoods Properties in a research note on Wednesday, February 25th. Morgan Stanley raised shares of Highwoods Properties from an “underweight” rating to an “equal weight” rating and dropped their price objective for the company from $24.00 to $23.00 in a research note on Tuesday, March 31st. Finally, Citigroup dropped their price objective on shares of Highwoods Properties from $30.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $27.33.

Highwoods Properties Stock Performance

NYSE:HIW opened at $27.92 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.46. Highwoods Properties, Inc. has a fifty-two week low of $20.45 and a fifty-two week high of $32.76. The stock has a market cap of $3.08 billion, a PE ratio of 33.24 and a beta of 1.09. The firm’s fifty day simple moving average is $24.28 and its 200-day simple moving average is $24.80.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.13. Highwoods Properties had a net margin of 11.64% and a return on equity of 3.97%. The business had revenue of $214.03 million for the quarter, compared to analysts’ expectations of $209.06 million. During the same period in the prior year, the company posted $0.83 EPS. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. Highwoods Properties has set its FY 2026 guidance at 3.400-3.68 EPS. Analysts expect that Highwoods Properties, Inc. will post 3.53 earnings per share for the current fiscal year.

Highwoods Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Monday, May 18th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.2%. Highwoods Properties’s dividend payout ratio is 238.10%.

Highwoods Properties announced that its Board of Directors has approved a share buyback plan on Wednesday, April 22nd that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to repurchase up to 9.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.

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.