Deutsche Bank AG Purchases New Shares in Highwoods Properties, Inc. $HIW

Deutsche Bank AG acquired a new position in Highwoods Properties, Inc. (NYSE:HIW) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 165,165 shares of the real estate investment trust’s stock, valued at approximately $4,981,000.

Other large investors have also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Highwoods Properties during the 2nd quarter valued at about $2,877,000. Global Retirement Partners LLC purchased a new position in Highwoods Properties in the second quarter worth about $212,000. SCS Capital Management LLC purchased a new position in Highwoods Properties in the second quarter worth about $17,659,000. CORDA Investment Management LLC. bought a new stake in Highwoods Properties during the second quarter worth approximately $38,747,000. Finally, Bank of New York Mellon Corp bought a new stake in Highwoods Properties during the second quarter worth approximately $38,595,000. 96.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HIW shares. Deutsche Bank Aktiengesellschaft lowered Highwoods Properties from a “buy” rating to a “hold” rating and set a $33.00 price objective for the company. in a research note on Wednesday, August 5th. Weiss Ratings upgraded Highwoods Properties from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Mizuho raised their price target on Highwoods Properties from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Citigroup increased their target price on shares of Highwoods Properties from $24.00 to $34.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Finally, Truist Financial raised their target price on shares of Highwoods Properties from $23.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $31.67.

Highwoods Properties Trading Up 0.5%

NYSE:HIW opened at $31.94 on Wednesday. The firm has a 50-day simple moving average of $31.62 and a 200-day simple moving average of $26.75. Highwoods Properties, Inc. has a one year low of $20.45 and a one year high of $35.44. The firm has a market cap of $3.52 billion, a P/E ratio of 21.02 and a beta of 1.05. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.68 and a current ratio of 1.68.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The business had revenue of $216.38 million for the quarter, compared to the consensus estimate of $212.15 million. Highwoods Properties had a net margin of 20.74% and a return on equity of 7.06%. Highwoods Properties’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.89 earnings per share. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. Equities analysts anticipate that Highwoods Properties, Inc. will post 3.53 EPS for the current fiscal year.

Highwoods Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 17th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Monday, August 17th. Highwoods Properties’s dividend payout ratio (DPR) is 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.