Rep. Jefferson Shreve Buys Highwoods Properties, Inc. (NYSE:HIW) Shares

Representative Jefferson Shreve (R-Indiana) recently bought shares of Highwoods Properties, Inc. (NYSE:HIW). In a filing disclosed on April 11th, the Representative disclosed that they had bought between $15,001 and $50,000 in Highwoods Properties stock on March 13th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Harley-Davidson (NYSE:HOG) on 3/31/2025.
• Purchased $50,001 – $100,000 in shares of Block (NYSE:XYZ) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of DuPont de Nemours (NYSE:DD) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of United Community Banks (NASDAQ:UCB) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of IDEX (NYSE:IEX) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of HNI (NYSE:HNI) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of ServiceNow (NYSE:NOW) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Coinbase Global (NASDAQ:COIN) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Constellation Energy (NASDAQ:CEG) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of Simon Property Group (NYSE:SPG) on 3/31/2025.

Highwoods Properties Trading Up 2.8 %

Shares of NYSE:HIW opened at $27.15 on Tuesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.25 and a quick ratio of 1.25. Highwoods Properties, Inc. has a 1 year low of $23.52 and a 1 year high of $36.78. The company has a market cap of $2.93 billion, a P/E ratio of 28.58 and a beta of 1.15. The stock’s fifty day moving average price is $28.51 and its 200-day moving average price is $30.60.

Highwoods Properties (NYSE:HIW) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. Sell-side 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 announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.37%. The ex-dividend date was Tuesday, February 18th. Highwoods Properties’s payout ratio is 210.53%.

Institutional Investors Weigh In On Highwoods Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HIW. US Bancorp DE boosted its position in shares of Highwoods Properties by 72.6% in the fourth quarter. US Bancorp DE now owns 21,956 shares of the real estate investment trust’s stock worth $671,000 after purchasing an additional 9,235 shares during the period. B&I Capital AG boosted its holdings in Highwoods Properties by 111.7% in the 4th quarter. B&I Capital AG now owns 262,500 shares of the real estate investment trust’s stock worth $8,027,000 after buying an additional 138,500 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Highwoods Properties by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,133,242 shares of the real estate investment trust’s stock worth $65,235,000 after buying an additional 71,670 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Highwoods Properties by 65.1% during the third quarter. BNP Paribas Financial Markets now owns 6,562 shares of the real estate investment trust’s stock valued at $220,000 after acquiring an additional 2,587 shares during the period. Finally, Oliver Luxxe Assets LLC lifted its position in shares of Highwoods Properties by 44.4% in the fourth quarter. Oliver Luxxe Assets LLC now owns 70,426 shares of the real estate investment trust’s stock valued at $2,154,000 after acquiring an additional 21,655 shares in the last quarter. Institutional investors own 96.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HIW shares. Jefferies Financial Group started coverage on shares of Highwoods Properties in a research note on Monday, March 17th. They set a “buy” rating and a $32.00 target price for the company. StockNews.com downgraded Highwoods Properties from a “hold” rating to a “sell” rating in a report on Thursday, April 3rd. Mizuho boosted their price target on Highwoods Properties from $24.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, Truist Financial lowered their price objective on shares of Highwoods Properties from $33.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $32.50.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About Highwoods Properties

Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.