Pacific Heights Asset Management LLC Takes $12.06 Million Position in Highwoods Properties, Inc. $HIW

Pacific Heights Asset Management LLC bought a new position in shares of Highwoods Properties, Inc. (NYSE:HIW) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 400,000 shares of the real estate investment trust’s stock, valued at approximately $12,064,000.

Several other institutional investors also recently modified their holdings of HIW. Royal Bank of Canada boosted its holdings in shares of Highwoods Properties by 12.7% during the 1st quarter. Royal Bank of Canada now owns 177,942 shares of the real estate investment trust’s stock valued at $5,275,000 after acquiring an additional 19,998 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Highwoods Properties by 15.5% during the first quarter. Goldman Sachs Group Inc. now owns 822,655 shares of the real estate investment trust’s stock valued at $24,383,000 after purchasing an additional 110,489 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Highwoods Properties by 10.4% during the first quarter. Empowered Funds LLC now owns 13,243 shares of the real estate investment trust’s stock valued at $393,000 after purchasing an additional 1,248 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of 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 worth $50,000 after purchasing an additional 1,252 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Highwoods Properties by 9.4% in the second quarter. Cetera Investment Advisers now owns 17,846 shares of the real estate investment trust’s stock valued at $555,000 after buying an additional 1,534 shares during the period. 96.31% of the stock is currently owned by institutional investors and hedge funds.

Highwoods Properties Stock Performance

NYSE:HIW opened at $31.41 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. Highwoods Properties, Inc. has a fifty-two week low of $20.45 and a fifty-two week high of $35.44. The company has a 50 day simple moving average of $31.72 and a two-hundred day simple moving average of $26.83. The company has a market capitalization of $3.46 billion, a PE ratio of 20.66 and a beta of 1.05.

Highwoods Properties (NYSE:HIW) last issued its quarterly earnings results 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). 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 during the quarter, compared to analyst estimates of $212.15 million. During the same quarter last year, the firm posted $0.89 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Highwoods Properties has set its FY 2026 guidance at 3.460-3.700 EPS. Research analysts anticipate that Highwoods Properties, Inc. will post 3.53 earnings per share for the current year.

Highwoods Properties Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.00 dividend on an annualized basis and a yield of 6.4%. Highwoods Properties’s dividend payout ratio is 131.58%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of 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 shares of Highwoods Properties from $25.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Citigroup lifted their price target on shares of Highwoods Properties from $24.00 to $34.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Wells Fargo & Company boosted their price objective on shares of Highwoods Properties from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Finally, Morgan Stanley increased their price objective on Highwoods Properties from $23.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $31.67.

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.