VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Stake in Highwoods Properties, Inc. $HIW

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Highwoods Properties, Inc. (NYSE:HIW) in the second quarter, Holdings Channel reports. The firm purchased 65,200 shares of the real estate investment trust’s stock, valued at approximately $1,966,000.

Several other institutional investors have also recently bought and sold shares of HIW. Caitong International Asset Management Co. Ltd lifted its stake in shares of Highwoods Properties by 88.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 792 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 372 shares in the last quarter. Elevation Wealth Partners LLC raised its holdings in shares of Highwoods Properties by 752.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 1,065 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 940 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of Highwoods Properties in the 2nd quarter worth about $38,000. Geneos Wealth Management Inc. lifted its position in Highwoods Properties by 292.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,680 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 1,252 shares in the last quarter. Finally, Nykredit A S bought a new position in Highwoods Properties in the 2nd quarter valued at about $66,000. Institutional investors and hedge funds own 96.31% of the company’s stock.

Analyst Ratings Changes

HIW has been the subject of a number of recent research reports. Citigroup boosted their price objective on Highwoods Properties from $24.00 to $34.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Morgan Stanley raised their target price on Highwoods Properties from $23.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. Wells Fargo & Company lifted their target price on Highwoods Properties from $26.00 to $32.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 1st. Truist Financial upped their price target on Highwoods Properties from $23.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Finally, Deutsche Bank Aktiengesellschaft lowered Highwoods Properties from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $32.56.

Highwoods Properties Trading Up 1.5%

Shares of HIW stock opened at $30.90 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.68 and a current ratio of 1.68. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 20.33 and a beta of 1.05. Highwoods Properties, Inc. has a 52-week low of $20.45 and a 52-week high of $35.44. The company has a 50-day simple moving average of $31.87 and a two-hundred day simple moving average of $27.36.

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 the consensus estimate of $0.86 by ($0.01). Highwoods Properties had a return on equity of 7.06% and a net margin of 20.74%.The firm had revenue of $216.38 million for the quarter, compared to the consensus estimate of $212.15 million. During the same period in the prior year, the business earned $0.89 EPS. Highwoods Properties’s quarterly revenue was up 7.9% compared to the same quarter last year. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. Research analysts anticipate that Highwoods Properties, Inc. will post 3.55 EPS for the current fiscal year.

Highwoods Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 17th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date was Monday, August 17th. Highwoods Properties’s dividend payout ratio (DPR) is 131.58%.

Highwoods Properties Profile

Highwoods Properties, Inc (NYSE: HIW) is a real estate investment trust that owns, develops, leases and manages primarily office properties. The company focuses on high-quality buildings in central business districts and other prominent business locations, serving corporate, professional services, healthcare and government tenants.

Highwoods’ portfolio is concentrated in selected Sun Belt markets, including Atlanta, Charlotte, Nashville, Raleigh, Richmond, Orlando and Tampa. In addition to traditional office buildings, the company has developed and owns mixed-use properties that may include retail, residential, hospitality and entertainment components.