JPMorgan Chase & Co. Raises Stake in Highwoods Properties, Inc. $HIW

JPMorgan Chase & Co. increased its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW) by 8.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 772,326 shares of the real estate investment trust’s stock after buying an additional 61,443 shares during the period. JPMorgan Chase & Co.’s holdings in Highwoods Properties were worth $24,575,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. SJS Investment Consulting Inc. bought a new stake in shares of Highwoods Properties in the 3rd quarter worth approximately $49,000. Geneos Wealth Management Inc. raised its stake in Highwoods Properties by 292.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,680 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 1,252 shares during the last quarter. MAI Capital Management raised its stake in Highwoods Properties by 67.3% during the second quarter. MAI Capital Management now owns 1,803 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 725 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Highwoods Properties by 97.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,242 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 1,106 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Highwoods Properties by 562.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,552 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 2,167 shares during the last quarter. Institutional investors own 96.31% of the company’s stock.

Wall Street Analyst Weigh In

HIW has been the topic of a number of analyst reports. Wall Street Zen cut shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Mizuho dropped their target price on shares of Highwoods Properties from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 24th. Citigroup cut their price target on shares of Highwoods Properties from $30.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $27.00 price objective on shares of Highwoods Properties in a report on Thursday, February 19th. Finally, Robert W. Baird set a $29.00 price objective on Highwoods Properties in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Highwoods Properties currently has an average rating of “Hold” and an average target price of $29.20.

Highwoods Properties Trading Down 3.9%

Shares of HIW stock opened at $22.52 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.51. Highwoods Properties, Inc. has a 12-month low of $21.56 and a 12-month high of $32.76. The stock has a market capitalization of $2.48 billion, a P/E ratio of 15.42 and a beta of 1.07. The firm’s 50 day moving average is $25.42 and its 200 day moving average is $28.03.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.58). Highwoods Properties had a net margin of 20.10% and a return on equity of 6.86%. The firm had revenue of $203.36 million for the quarter, compared to the consensus estimate of $208.08 million. During the same period in the previous year, the company earned $0.85 earnings per share. Highwoods Properties’s quarterly revenue was down .9% compared to the same quarter last year. Highwoods Properties has set its FY 2026 guidance at 3.400-3.680 EPS. Research analysts expect that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.

Highwoods Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.9%. Highwoods Properties’s dividend payout ratio (DPR) is presently 136.99%.

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.