Jupiter Asset Management Ltd. Has $552,000 Position in Highwoods Properties, Inc. $HIW

Jupiter Asset Management Ltd. lifted its position in shares of Highwoods Properties, Inc. (NYSE:HIW) by 16.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,767 shares of the real estate investment trust’s stock after purchasing an additional 2,561 shares during the period. Jupiter Asset Management Ltd.’s holdings in Highwoods Properties were worth $552,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Cerity Partners LLC increased its position in Highwoods Properties by 3.4% during the first quarter. Cerity Partners LLC now owns 17,106 shares of the real estate investment trust’s stock worth $507,000 after buying an additional 560 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Highwoods Properties by 14.0% during the 1st quarter. Victory Capital Management Inc. now owns 981,140 shares of the real estate investment trust’s stock worth $29,081,000 after acquiring an additional 120,568 shares during the period. Choreo LLC increased its holdings in shares of Highwoods Properties by 17.1% during the 1st quarter. Choreo LLC now owns 14,976 shares of the real estate investment trust’s stock worth $444,000 after acquiring an additional 2,189 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Highwoods Properties in the 1st quarter valued at $6,423,000. Finally, Oak Thistle LLC acquired a new stake in Highwoods Properties during the 1st quarter valued at $924,000. 96.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on HIW. Weiss Ratings reiterated a “hold (c)” rating on shares of Highwoods Properties in a report on Wednesday, October 8th. Truist Financial lifted their target price on shares of Highwoods Properties from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Wednesday, September 3rd. Morgan Stanley increased their price target on shares of Highwoods Properties from $23.00 to $24.00 and gave the company an “underweight” rating in a report on Tuesday, October 21st. Wells Fargo & Company cut their price objective on shares of Highwoods Properties from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. Finally, New Street Research set a $30.00 price objective on Highwoods Properties in a report on Monday, October 13th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.00.

Insiders Place Their Bets

In other Highwoods Properties news, Director David John Hartzell sold 4,300 shares of Highwoods Properties 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 completion of the transaction, the director directly owned 27,489 shares of the company’s stock, valued at $882,396.90. The trade was a 13.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is owned by corporate insiders.

Highwoods Properties Price Performance

Shares of Highwoods Properties stock opened at $29.12 on Friday. Highwoods Properties, Inc. has a twelve month low of $24.18 and a twelve month high of $33.11. The company has a quick ratio of 1.38, a current ratio of 1.39 and a debt-to-equity ratio of 1.44. The company has a 50-day simple moving average of $30.51 and a two-hundred day simple moving average of $30.34. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 24.89 and a beta of 1.20.

Highwoods Properties (NYSE:HIW) last announced its earnings results on Tuesday, October 28th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.86. Highwoods Properties had a net margin of 15.98% and a return on equity of 5.48%. The firm had revenue of $201.77 million for the quarter, compared to analyst estimates of $205.74 million. During the same quarter in the prior year, the business posted $0.90 EPS. The business’s revenue was down 1.2% compared to the same quarter last year. Highwoods Properties has set its FY 2025 guidance at 3.410-3.45 EPS. Analysts forecast that Highwoods Properties, Inc. will post 3.36 EPS for the current year.

Highwoods Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Monday, November 17th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Monday, November 17th. Highwoods Properties’s dividend payout ratio (DPR) is 170.94%.

Highwoods Properties 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.