Hsbc Holdings PLC Takes Position in Highwoods Properties, Inc. $HIW

Hsbc Holdings PLC acquired a new stake in shares of Highwoods Properties, Inc. (NYSE:HIW) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 233,952 shares of the real estate investment trust’s stock, valued at approximately $7,062,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HIW. EFG International AG purchased a new stake in Highwoods Properties in the 2nd quarter worth approximately $695,000. Legal & General Group Plc purchased a new position in shares of Highwoods Properties during the 2nd quarter valued at $22,627,000. The Manufacturers Life Insurance Company purchased a new position in shares of Highwoods Properties during the 2nd quarter valued at $1,649,000. Cullen Capital Management LLC purchased a new stake in shares of Highwoods Properties in the second quarter worth $399,000. Finally, Sanctuary Advisors LLC bought a new stake in Highwoods Properties during the second quarter valued at $572,000. Institutional investors own 96.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Citigroup upped their target price on Highwoods Properties from $24.00 to $34.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. Truist Financial lifted their price target on Highwoods Properties from $23.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, June 26th. Deutsche Bank Aktiengesellschaft cut shares of Highwoods Properties from a “buy” rating to a “hold” rating and set a $33.00 price objective on the stock. in a research report on Wednesday, August 5th. Morgan Stanley raised their target price on shares of Highwoods Properties from $23.00 to $35.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company lifted their target price on shares of Highwoods Properties from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. 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 Stock Down 0.7%

HIW opened at $31.16 on Friday. The stock has a market cap of $3.44 billion, a PE ratio of 20.50 and a beta of 1.05. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.37. Highwoods Properties, Inc. has a 52 week low of $20.45 and a 52 week high of $35.44. The business’s fifty day simple moving average is $31.76 and its 200 day simple moving average is $26.86.

Highwoods Properties (NYSE:HIW) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). Highwoods Properties had a net margin of 20.74% and a return on equity of 7.06%. The firm had revenue of $216.38 million for the quarter, compared to analysts’ expectations of $212.15 million. During the same quarter in the previous year, the business earned $0.89 EPS. The company’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. As a group, research analysts expect that Highwoods Properties, Inc. will post 3.53 earnings per share for the current fiscal year.

Highwoods Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 17th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, August 17th. This represents a $2.00 annualized dividend and a dividend yield of 6.4%. Highwoods Properties’s dividend payout ratio is 131.58%.

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.