Inspire Investing LLC Has $393,000 Holdings in Highwoods Properties, Inc. $HIW

Inspire Investing LLC grew its stake in Highwoods Properties, Inc. (NYSE:HIW) by 9.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,652 shares of the real estate investment trust’s stock after buying an additional 1,104 shares during the period. Inspire Investing LLC’s holdings in Highwoods Properties were worth $393,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Voya Investment Management LLC increased its stake in shares of Highwoods Properties by 2.9% in the first quarter. Voya Investment Management LLC now owns 13,033 shares of the real estate investment trust’s stock worth $386,000 after purchasing an additional 367 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Highwoods Properties by 5.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,105 shares of the real estate investment trust’s stock worth $248,000 after purchasing an additional 383 shares during the period. Nissay Asset Management Corp Japan ADV increased its stake in shares of Highwoods Properties by 2.6% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 15,397 shares of the real estate investment trust’s stock worth $456,000 after purchasing an additional 396 shares during the period. Truist Financial Corp increased its stake in shares of Highwoods Properties by 5.0% in the second quarter. Truist Financial Corp now owns 9,146 shares of the real estate investment trust’s stock worth $284,000 after purchasing an additional 434 shares during the period. Finally, GC Wealth Management RIA LLC increased its stake in shares of Highwoods Properties by 4.2% in the second quarter. GC Wealth Management RIA LLC now owns 12,205 shares of the real estate investment trust’s stock worth $379,000 after purchasing an additional 489 shares during the period. 96.31% of the stock is currently owned by institutional investors.

Highwoods Properties Stock Down 1.8%

NYSE:HIW opened at $29.75 on Tuesday. The stock’s fifty day moving average price is $30.84 and its two-hundred day moving average price is $30.07. Highwoods Properties, Inc. has a 52-week low of $24.18 and a 52-week high of $36.78. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 25.00 and a beta of 1.24.

Highwoods Properties (NYSE:HIW) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.04. Highwoods Properties had a return on equity of 5.57% and a net margin of 16.15%.The firm had revenue of $200.60 million for the quarter, compared to the consensus estimate of $203.22 million. During the same quarter in the prior year, the business earned $0.98 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. Highwoods Properties has set its FY 2025 guidance at 3.370-3.450 EPS. On average, analysts anticipate that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Monday, August 18th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.7%. Highwoods Properties’s dividend payout ratio is 168.07%.

Analyst Ratings Changes

Several equities analysts recently issued reports on HIW shares. Wolfe Research started coverage on Highwoods Properties in a research note on Wednesday, October 8th. They set an “outperform” rating and a $38.00 price target on the stock. New Street Research set a $30.00 price target on Highwoods Properties in a research note on Monday. Mizuho boosted their price target on Highwoods Properties from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday, July 14th. Weiss Ratings restated a “hold (c)” rating on shares of Highwoods Properties in a research note on Wednesday, October 8th. Finally, Truist Financial boosted their price target on Highwoods Properties from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Wednesday, September 3rd. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $32.29.

Insider Buying and Selling at Highwoods Properties

In other news, Director David John Hartzell sold 4,300 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $32.10, for a total value of $138,030.00. Following the transaction, the director owned 27,489 shares of the company’s stock, valued at $882,396.90. This represents a 13.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.90% of the stock is currently owned by company insiders.

Highwoods Properties Company Profile

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.